June Numbers – Confidence and Stability Return

Every month I review, modify/ adapt, and post the MLS® data for Edmonton and area real estate activity. The information is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. You can view the original report in its entirety by visiting the REALTORS® Association of Edmonton website. Click HERE for a graphical representation of Edmonton’s average price over the course of the calendar year. Click HERE for a graphical representation of Edmonton’s actual month-to-month price over the course of the calendar year.
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At the mid-point of the year, the REALTORS® Association of Edmonton is confident that the local real estate market has regained stability. The 9,741 sales of residential properties sold through the Multiple Listing Service® in the first six months surpassed the six-month year-to-date figure for last year (9,567) and residential sales in June set a new record for the month. Residential sales in June totalled 2,552 units which surpassed the 2007 record of 2,203 units sold and was the third best month for unit sales in MLS® System history. 

“Buyer confidence, especially among first time buyers, was evident in Edmonton despite lingering economic concerns in other markets,” said Charlie Ponde, president of the REALTORS® Association of Edmonton. “When mortgage rates looked like they might start to rise, many potential buyers locked in lower mortgage rates and then went searching for a qualifying home.”

Listing activity slowed slightly from last month but the strong sales drove the sales to listing ratio to 80% from 68% last month. Prices continue to climb with one month increases of 0.6% for single family dwellings and 1% increases for condominiums. The average*** SFD sold for $369,859 in June while condominiums sold for $247,071. The average days on market dropped to 49 in June versus hovering around 60 days or more early in the year; another indicator of buyer enthusiasm.

“Last year prices fell from the high point in March. This year prices have just continued to climb,” said Ponde. “Prices typically decline slightly in the second half of the year but the drop, if it occurs, will not be precipitous.”

 At the end of June there were 6,785 residential properties active on the MLS® System (2.65 month supply at current sales volumes) which offers a wide range of choice for those eager buyers.

***Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. For information on a specific area, contact me directly***
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June 2009 Activity	Record for the Month *	Percent Change from June 2008	Change From May
Total MLS® sales this month	2,847	36.0%	á
Value of total MLS® sales – month	$964 million	30.6%	á
Value of total MLS® sales – year	$3.49 billion	-5.60%	á
Residential¹ sales this month	2,552	37.8%	á
Residential average price	$328,299	-3.80%	á
SFD² average selling price – month	$369,859	-3.00%	á
SFD² median³ selling price	$349,500	-4.20%	á
Condo average selling price	$247,071	-5.80%	á

1. Residential includes SFD, condos and duplex/row houses.
2. Single Family Dwelling
3. The middle figure in a list of all sales prices

 

 ///…CP

Come Home To: 4236 McMullen Place SW

MLS# E3190145

Situated in MacEwan on an oversized lot for the area and next to a future school site, this Coventry Homes 1,250 square foot Hawkridge model offers 3 bedrooms, 3 bathrooms, and a double front-attached garage.

Perfect best describes the layout and features of this 2-storey home with its open-concept design kitchen that overlooks both the dining nook and the living room. The kitchen features a corner pantry, a centre island with breakfast bar, and offers access to the 14′ x 24′ deck and the large, private, landscaped back yard.

Upstairs you’ll find the three ideally sized bedrooms, including the master with walk-in closet and 3-piece ensuite that features a five-foot shower.

Located at the end of a quiet crescent, this home offers easy access to both the Anthony Henday and the Whitemud Freeways.

This warm family home is missing just one thing-you and your family. Come home!

///…CP

Come Home To: 6 Summerlea Court

MLS# E3189254

Likely the nicest home in the area for this price! Get more for less in this approximately 1,200 square foot three-bedroom, two-bathroom home.

This two-storey home has been completely renovated from top to bottom including new flooring and paint throughout as well as new plumbing and light fixtures. Backing onto a walking trail, this home offers three large bedrooms upstairs and a 4-piece main bathroom. The main floor features a bright sunny living room that looks out onto a beautifully manicured large back yard. On the main floor you will also find a large eat-in kitchen with tons of cupboard space and a 2-piece half bath.

Summerlea Court underwent extensive renovations in 2004 and residents now enjoy the benefits of new windows, siding, fencing, and roofing. Summerlea Court is conveniently located near WEM, golfing, the Anthony Henday, Whitemud Freeway, and public transit.

Come home!

///…CP

May Numbers — Slow And Steady Increases Continue.

Every month I review, modify/ adapt, and post the MLS® data for Edmonton and area real estate activity. The information is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. You can view the original report in its entirety by visiting the REALTORS® Association of Edmonton website. Click HERE for a graphical representation of Edmonton’s average price over the course of the calendar year. Click HERE for a graphical representation of Edmonton’s actual month-to-month price over the course of the calendar year.
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The REALTORS® Association of Edmonton reports that the number of residential properties sold through the Multiple Listing Service® in Edmonton in May was up over 17% as compared to the previous month and up 18.7% over the same month last year. There were 3,180 residential properties listed with sales of 2,161. The sales-to-listing ratio was 68% as compared to 42% in May 2008.

“Sales continue to rise month-by-month,” said Charlie Ponde, president of the REALTORS® Association of Edmonton. “Listing activity, while not as frantic as last year, is still active so there continues to be a good supply and variety of homes available.” 

Prices in the local market also continued their slow, steady climb. Single family homes sold on average*** for $367,672 in May; up 4% from last month but still 4% lower than a year ago. Condominiums sold for $244,734 on average which was 3.7% higher than April prices. Condos are still priced 6% lower than last year at this time. The average residential price was $326,332 up 4.6% from last month but down 4.2% from a year ago.

“Prices are still lower than last year but rising steadily,” said Ponde. “So house hunters should be making their buying decisions sooner rather than later to ensure that their buying power is not eroded by the rising prices.” He noted that some REALTORS® have been able to present multiple offers to their sellers.

At the end of May there were 7,435 homes available in the MLS® System inventory and homes sold, on average, in 52 days (as compared to 51 last month and 53 last May). At 3.4 months, there is a typical amount of inventory available at current sales volumes. Total MLS® System sales in May were 2,395 properties valued at $787 million. Year to date sales are valued at $2.5 billion.

***Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. For information on a specific area, contact me directly***
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May 2009 Activity	Record for the Month *	Percent Change from May 2008	Change From April
Total MLS® sales this month	2,395	16.7%	á
Value of total MLS® sales – month	$787 million	10.1%	á
Value of total MLS® sales – year	$2.5 billion	-15.1%	á
Residential¹ sales this month	2,161	18.7%	á
Residential average price	$326,332	-4.20%	á
SFD² average selling price – month	$367,672	-4.00%	á
SFD² median³ selling price	$342,500	-6.20%	á
Condo average selling price	$244,734	-6.20%	á

1. Residential includes SFD, condos and duplex/row houses.
2. Single Family Dwelling
3. The middle figure in a list of all sales prices

 

 ///…CP

April Numbers — Prices Inching Up…

Every month I review, modify/ adapt, and post the MLS® data for Edmonton and area real estate activity. The information is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. You can view the original report in its entirety by visiting the REALTORS® Association of Edmonton website. Click HERE for a graphical representation of Edmonton’s average price over the course of the calendar year. Click HERE for a graphical representation of Edmonton’s actual month-to-month price over the course of the calendar year.
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Sales activity on the Edmonton Multiple Listing Service® increased in April as compared to last month and as compared to April 2008. There were 3,019 residential properties listed in April with sales of 1,843 (up 33.6% from last month and 1.1% from April 2008).

The average*** price of a single family home in the Edmonton area was up 1% to $353,386 – still 8.5% below last April’s price of $386,033. Condo prices were up 2.4% from last month to $236,020while duplex/ rowhouse prices were up 5.2% to $291,068. Average days-on-market in April was 51 – a number last seen in March 2008.

“Increased sales activity is evident in most real estate offices and some REALTORS® are reporting multiple offers on select properties,” said Charlie Ponde, president of the REALTORS® Association of Edmonton. “However, inventory is still relatively high and sellers should price their properties aggressively to attract offers.”

The number of residential properties available through the MLS® System on April 30 was 7,539 – up 1% from last month but well below the glut in April last year when there were 10,606 properties available. The year-to-date sales-to-listing ratio is just 46% but the April ratio of 61% is an indicator of increased activity.

“REALTORS® are optimistic about the Edmonton market,” said Ponde. “In-migration figures are positive, retail sales in Alberta are still higher than the rest of the country, and unemployment figures are lower than other parts of Canada. First-time buyers are entering the market because of historically low interest rates and renovation incentives are encouraging move-up buyers to consider relocation.”

Total sales through the MLS® System for the month were valued at $635 million with a year-to-date total of $1.75 billion. Total YTD sales value is down 23% from the same time last year but sales are off by just 16%.

***Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. For information on a specific area, contact me directly***
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April 2009 Activity	Record for the Month *	Percent Change from April 2008	Change From March
Total MLS® sales this month	2,008	-1.90%	á
Value of total MLS® sales – month	$635 million	-9.00%	á
Value of total MLS® sales – year	$1.7 billion	-23.0%	á
Residential¹ sales this month	1,843	1.10%	á
Residential average price	$312,127	-7.40%	á
SFD² average selling price – month	$353,386	-8.50%	á
SFD² median³ selling price	$337,000	-1.00%	á
Condo average selling price	$236,020	-8.10%	á

1. Residential includes SFD, condos and duplex/row houses.
2. Single Family Dwelling
3. The middle figure in a list of all sales prices

 

 ///…CP

Come Home to: 9332 – 85 Street

MLS# E3182100

Located in Strathearn, this 825 square foot two plus one bedroom bungalow is perfect for the first-time home buyer.

The main floor features two bedrooms, a four-piece bathroom, kitchen, and dining nook.

The basement offers another four-piece bathroom as well as a family room, bedroom, storage room, and laundry room.

This home still has the original hardwood flooring throughout the upstairs. A few recent upgrades have been completed including new front step, new electrical service, new basement bathroom, newer hot water tank, and upgraded attic insulation.

There is also an oversized single detached garage with rear lane access.

Come home!

Focus On – MacTaggart

The following is a ’snapshot’ view of the market activity for MacTaggart over the past thirty days (i.e. today minus thirty days).

MacTaggart

Active Listings: 26 — Average List Price: $729,367 (low $498.9K | high $1,198K) 
Sold Listings: 4 — Average Sale Price: $590,000  (low $467.5K | high $1,375K)
Expired Listings: 3 — Average List Price: $648,300 (low $586K | high $699K)

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NOTE: The average prices listed indicate market trends over the past thirty days and reflect the average prices for all types of single-detached family homes in the community. The average prices listed do not include condominiums, townhomes, or apartments and do not differentiate between styles of homes (i.e. bungalow versus two-storey). The average prices listed do not reflect actual prices, which vary from house to house and area to area. For information on a specific area or to invite me to provide you with a free market evaluation of your home, contact me directly.
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///…CP

Focus On – MacEwan

The following is a ’snapshot’ view of the market activity for MacEwan over the past thirty days (i.e. today minus thirty days).

MacEwan

Active Listings: 15 — Average List Price: $425,853 (low $314.9K | high $517K) 
Sold Listings: 3 — Average Sale Price: $397,666 (low $374K | high $410K)
Expired Listings: 1 — Average List Price: $380,000

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NOTE: The average prices listed indicate market trends over the past thirty days and reflect the average prices for all types of single-detached family homes in the community. The average prices listed do not include condominiums, townhomes, or apartments and do not differentiate between styles of homes (i.e. bungalow versus two-storey). The average prices listed do not reflect actual prices, which vary from house to house and area to area. For information on a specific area or to invite me to provide you with a free market evaluation of your home, contact me directly.
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///…CP

Focus On – Cameron Heights

The following is a ’snapshot’ view of the market activity for Cameron Heights over the past thirty days (i.e. today minus thirty days).

Cameron Heights

Active Listings: 16 — Average List Price: $903,993 (low $409K | high $2,901K) 
Sold Listings: 1 — Average Sale Price: $520,000
Expired Listings: 3 — Average List Price: $433,900 (low $429.9K | high $436.9K)

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NOTE: The average prices listed indicate market trends over the past thirty days and reflect the average prices for all types of single-detached family homes in the community. The average prices listed do not include condominiums, townhomes, or apartments and do not differentiate between styles of homes (i.e. bungalow versus two-storey). The average prices listed do not reflect actual prices, which vary from house to house and area to area. For information on a specific area or to invite me to provide you with a free market evaluation of your home, contact me directly.
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///…CP