Timing is one of the key factors when it comes to purchasing real estate. The key to making money is buy low, sell high and real estate is no exception. RE/MAX.ca has just unleashed Canada’s Housing Market Outlook for 2017 and Edmonton is doing well. If you have been considering "up-sizing", now is a great time to invest before Edmonton's real estate market soars again.
Detached, single-family homes are the most sought after property type in Edmonton, and older homes in mature neighbourhoods typically receive multiple offers as a result of low inventory. A wide variety of inventory across the rest of the market provides good opportunities to move-up buyers who drive demand in Edmonton.
Stable prices have created good value in the upper-end of the market, resulting in 33 properties selling for over a million dollars in the first quarter of 2017. New approvals for high-rise condo developments in Edmonton’s downtown core and the Whyte Avenue district are expected to fuel condo market activity in the region moving forward.
The housing markets in Calgary and Edmonton remained relatively stable, with moderate declines in the number of sales and average residential sale price as a result of the prolonged recovery of the oil sector over the past two years. The average residential sale price in Edmonton decreased slightly, by two per cent year-over-year in 2016, while Calgary’s average residential sale price decreased by four per cent. Buyer activity is expected to pick up slightly in the second half of 2017 if employment opportunities in the oil sector continue to gradually come back to the province.
Highlites of Edmonton's real estate market for the first quater of 2017 include the stability of home prices, an increase of multi-million dollar homes being sold, more infills being built and several multiple offers on single family detached homes. Way to go Alberta!
Audrey Abuan & Mike Muranetz have sold another property in Terwillegar Towne, Edmonton.
1840 Tufford Way, located on a super quite street in the heart of Terwillegar Towne walking distance to the popular Terwillegar Recreation Center, perfect for families! As you step into this meticulous home from the country veranda, you are greeted in the foyer with a main floor open concept featuring a massive living room with large windows to let in the sunlight. Keep warm in the winter by the cozy fire place in the living room and cool in the summer with central AC. The gourmet kitchen includes upgraded stainless steel appliances, gas stove and large island. The spacious and bright dining area is perfect for family dinners with a view of the fully fenced, landscaped yard. This well kept home is smart wired, comes with a central vac, and features spacious walk in closet, en-suite bathroom with jetted tub in master Bedroom, custom laundry chute, back mud room and a bonus loft area. This 2 Storey, 4 bedroom, 4 bathroom home is perfect for every family and also has a warranty on the recently professional finished basement. Sorry this georgeous home in South Terwillegar is now sold for asking price in less than a week.
Audrey Abuan & Mike Muranetz have sold another property in Schonsee, North Edmonton.
Welcome to 7040 174 Avenue in Schonsee Edmonton. This open concept home is in mint condition with upgraded cabinets, crown moldings, 36" upper units, spacious corner pantry, stainless steel appliance, a gorgeous elongated island with an extended eating bar, pot & pan drawers, a gourmet range vent and granite counters. The beautiful dark hardwood flows through the main floor with ceramic tile by the spacious mudroom near the garage entrance. Upstairs offers 3 large bright bedrooms with a walk-in closet w/window and a five piece ensuite in Master. This two-storey home also comes equipped with upper floor white front load washer & dryer and is decorated with custom Hunter Douglas Blinds. Outside offers a place to get away from city life and enjoy lounging on your back deck with a scenic view of mother nature's natural landscape.
Audrey Abuan & Mike Muranetz have sold another property in Athlone, North Edmonton.
Congratulations Kimberly and Josh on the sale of your home! This beautiful 3 bedroom bungalow is perfect for a first time buyer to begin their home ownership dream. The stylish open concept, upgraded kitchen features rich mocha cabinets with soft close doors and drawers, newer counter top, mosaic back splash, and appliances including built in dishwasher. In addition to the open floor plan, there`s plenty of storage throughout, spacious bedrooms, hardwood floors, ceiling fans, and a large laundry room. Other upgrades in this property include new wiring, windows, and the cutest bathroom ever with with newer flooring, toilet, vanity, storage cabinet, and deep soaker tub! Outside offers a large backyard with deck, low maintenance chain link fence with privacy slats, custom paved stone sidewalks, large double detached garage with drive way, and storage shed.