Edmonton Market Update December 2013

RE/MAX Real Estate 780-700-8355

Personal Message

Dear friends,

December… the happy and festive month is here! It’s time to getting ready for the holidays with gift-buying, holiday decorating, baking, and home preparations for guests.  The next couple of weeks will be busy while we connect with old friends, visit with family, and do some good for those in need. Just like other businesses, real estate investment in Alberta is going for a strong close this year. The real estate market is alive and well and shows no signs of slowing down. Sellers are taking advantage of the winter charm in showcasing their homes, while buyers look forward to finding the best deals of the season.

On behalf of my family, we extend our warmest holiday greetings to you and your family.

If you, your friends or family are looking to buy or sell real estate please keep me in mind. Your referral is the best compliment I can receive.

Table of Contents

  • Personal Message
  • Market Update - December 2013
  • November 2013 Market Stats
  • Real Estate News Rundown
  • Real Estate News
  • Events & Festivals
  • Preparing your Home for Holiday Guests
  • Make Christmas your selling feature – Holiday decorating tips to help you get the best offer
  • Featured Listings
Holidays 2013

Edmonton Market Update

November home sales not affected by Old Man Winter - Edmonton, December 2, 2013: The sudden onslaught of winter did not slow real estate sales in November according to figures released by the REALTORS® Association of Edmonton. One month sales in November were the highest in five years. The figures are based on sales through the Multiple Listing Service® System in the Edmonton CMA. . . . Read More
Up 3.49% from $334,702 in Nov 2012. This represents average sale price of all SOLD residential listings in Nov 2013. Average DOM Days on Market as of Nov 31 2013. It takes on average 57 days for listings to sell. On Nov 30 2013 we had residential listing inventory
4,047. Nov  2013 sales were 1,033.

Listings vs Sales 2012 - 2013

Average SOLD Price 2012 - 2013

# of New Listings Nov 12 vs. Nov 13
Type Nov 12 Nov 13 Movement  
Houses 769 815 6.0%
Condos 424 414 -2.4%
Townhomes 77 117 51.9
Average SOLD Price Nov 12 vs. Nov 13 
Type Nov 12 Nov 13 Movement  
Houses $394,707 $405,826 2.8%
Condos $225,135 $240,630 6.9%
Townhomes $310,769 $327,027 5.2%
# of Properties SOLD in Nov 12 vs. Nov 13
Type Nov 12 Nov 13 Movement  
Houses 623 622 0.2%
Condos 307 323 5.2%
Townhomes 68 77 13.2%

Information herein deemed reliable but not guaranteed. 

Upcoming Events & Festivals:

Upcoming Edmonton Events & Festivals:

Walterdale Theatre presents: Proof – December 4 – 14
Devonian Botanic Garden presents: Luminaria – December 7 and 8
Hay Rides & Photos with Santa – December 14
Celebrate the Season at Alberta Legislature – December 05 – 24

Welcoming Holiday Guests

Preparing your Home for Holiday Guests

Visiting is an established tradition during the holidays. People gather from far and wide to spend this special time of the year with their family. If you are not visiting, it is more likely that you are the host. Here are some ideas to help you prepare for that joyous gathering:

Sleeping Provisions – Most home owners can only afford one extra bedroom. If you’re expecting ten people on Christmas Eve, you may have to provide extra sleeping areas. Make your guests comfortable by turning your den or the basement into makeshift bedrooms. Stowaway mattresses and convertible sofa beds can provide extra beds when you need them.

Clean out Cabinets – It’s common for visitors such as parents or offspring & family to stay for a few days.  Remember to provide ample closet and cabinet space for their clothes and things.

Stock up the Pantry – It seems the holidays are all about cooking. Expect if your mother is visiting, she may want to whip up a family favorite, so make sure that you have all the ingredients. Are children coming? Stock up on kid favorite treats.

Spruce up the Kitchen – You, and some of your guests, will be spending a lot of time in the kitchen preparing for that special dinner. Make sure that everything is working. Check the drain, the garbage disposal, the dishwasher, the freezer, refrigerator, oven, the coffeemaker, the juicer, the blender, knives, and everything else you will be using.

Crank up the Pipes – If it’s in your budget, maybe you could have a bathroom installed in the basement.  If not, you might want to call a plumber to check the pipes and be sure there won’t be any unexpected “traffic holdups” while your guests are around. Call your plumber as early as November. This will give you ample time to make any necessary repairs.

Check on the Fireplace – Bring on the holiday spirit full force with gifts, food, and a crackling fire. Open the flue, clean it out, and stock up on firewood. Test fireplaces, especially if you haven’t used it since last winter. If the stack hasn’t been cleaned in a while, you may want to call a chimney sweep.  A chimney fire can really put a damper on any festivities!  Let your guests arrive to a warm radiating fire, complete with marshmallows, eggnog and hot apple cider.

Christmas Decor

Make Christmas your selling feature – Holiday decorating tips to help you get the best offer

1. Keep religious decorations to a minimum.  People carry prejudices for almost everything so if your home is as neutral as possible in terms of religious decorations then the buyer can imagine their own decorations in place of what you haven’t put up. You can decorate with lights but try not to put up overtly religious symbols in your house. If the main goal is to sell your house during the holiday season, then you will have to sacrifice some of your holiday traditions.

2. Make sure your decorations don’t obscure the selling features of the house.  Don't block or cover up important selling features such as fireplace mantels, stairs, and stained-glass windows. Use decorations that will compliment your house but will not distract the potential buyer. Make sure to use more red than green decorations because red is an energizing color.

3. Create a cozy atmosphere.  Put out a plate of cookies on the table, have a hot pot of cider simmering on the stove, fire burning in the fireplace, and decorate your space with an evergreen wreath and/or a bowl of pinecones. All of these special touches can create a warm and welcoming feeling in your home.

Featured Listings

Investment alert!

Investors and First time buyers expect to be very impressed with this 1 bedroom 3rd floor renovated condo. New upgrades include maple cabinets, laminate floor throughout, stainless steel backsplash and 4 stainless steel appliances; fridge, stove, microwave and dishwasher, The bathroom has been completely renovated with a new vanity, and tile surround bathtub. Very walk-able location, 1 block to the LRT system, 2 blocks to shopping and restaurants. Own all this for less then you would pay for rent. Rivergate is a well-managed, quiet and clean building. Very low condo fee of $317 per month, which includes all utilities except for electricity. This unit has been set up as a service condo to allow for out of town workers to simply bring a suit case and have all the amenity's of living in their own home. The unit is out fitted with all the essentials to ensure a turnkey home away from home and is included in the sale. Currently rented for $1300 per month!

Nestled on the ravine, in the City of Leduc.

Expect to be impressed with this 1084 sq. ft dual master layout. Two large bedrooms both with ensuite’s on either side of the property provide the idea living arrangement for efficiency of sq. footage. Large open concept living area flows from the kitchen to the dinning area and living room. The kitchen with upgraded cabinets has an abundance of counter top space for food preparation. Dinning room area has plenty of space for a full sized dinning room table for those family get together. Living room with gas fireplace and balcony doors to access generous deck with gas BBQ line. This property over looks a natural creek with wild life. One of the best views in Leduc. Two parking stalls are offered with this property; one underground heated stall and one energized surface parking stall. Storage also included with property. The Springs offers amenities within the development such as a guest suite, exercise room, library, party room, and visitor parking.

Just SOLD! 97% of asking price

Located in Edmonton's premier west end community The Hampton's. This 2 bedroom 2 bathroom 2 parking stall (1 UNDERGROUND 1 SURFACE) condo provides HUGE value for a low price. Inside this unique layout you will find that this property has been kept in SHOWROOM condition and is MOVE IN READY. This 938 sq ft open concept layout is perfect for the entertainer. The kitchen has all stainless steel appliances, breakfast bar, loads of counter top space, and tons of storage. The large master bedroom hosts a walk in closet and a 4 piece ensuite. The second bedroom is a great size and has a large closet.

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RE/MAX Real Estate 780-700-8355

#102 12650 - 151 Avenue NW, Edmonton, Alberta, T5X 0A1, Canada


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