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13008 65 St

Sat, 27 Jul by Kevin Grenier

Here is a real estate opportunity worth sharing. This upgraded 4 bedroom bungalow has been lovingly upgraded and shows extremely well. Perfect for either the first time home buyer looking for a turn key home or the home owner looking for some additional revenue from the basement. Or how about a solid buy and hold property in a great area, friendly neighbours, close to schools, shopping and the LRT.

This lot is RF3 which means you could eventually build a duplex on it. One strategy would be to rent it out or put room mates in the upstairs or downstairs and live in the other half. Then after several years you depreciate the house, clear the lot, build a duplex and use apply the depreciation against any profit from the eventual sale.

Not following? No problem, suffice to say this is a property loaded with potential no matter what your particular needs are. Contact Kevin at 780-893-0269 in order to find out more about this property and to book your showing.

Click on the following link to view pictures, details and the video;

13008 65 St Feature Sheet

Market Update from the Realtor’s Assocation of Edmonton – April 3rd, 2013

Tue, 16 Apr by Kevin Grenier

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis on your specific community or property, contact me atwww.kevingrenier.com

Housing prices and sales up in active, but balanced market

Edmonton, April 3, 2013: The REALTORS® Association of Edmonton reports that residential property prices in the Edmonton CMA1 were up again in March. The all-residential price (includes single family detached, condominiums, duplexes and row-houses) rose 3.5% in a month and single family detached prices were up 3.9%. Compared to March 2012, the all residential price was up 4.3% and the SFD price was up 7.0%.

“The average price increases are influenced by the prices paid on particular properties as well as the product mix in the period,” said President Darrell Cook. “Because of a shortage of lower priced homes, the average price is pushed up as buyers move up-market to find a home. The increase in average price may not increase the market value of a particular property.” The relative number of homes sold in the $450-650k price range increased from 12.2% to 14.5% year-over-year while homes under $300,000 dropped from 40.7% of the market to 38.2%.

The average price for a single family detached home was $416,739 in March, condos were priced at $246,574 (up 6.3% m/m), duplex and rowhouses at $316,110 (down 4.9% m/m) and the all-residential average price was $354,759. SFD prices peaked in May of 2007 at $424,400.

The demand for homes in the Edmonton area continues to be driven by net job creation and low unemployment, economic stability and low rental vacancy rates. Sales were brisk with the sales-to-listing ratio up at 57% for March which indicates that almost six of the ten homes listed during the month were sold. Days-on-market was down from 57 in February to 50 in March.

The number of homes available for sale in the MLS® System inventory was up from 4,183 to 4,741 in March. While this is an increase of 558 properties from last month, it is down 15.4% from the same time last year. The lower inventory is exerting upward pressure on prices but has a dampening effect on sales. “When first time buyers cannot find a house that meets their needs or are forced into a multiple offer situation, they often remain on the sidelines,” said Cook. “Low interest rates and rising rental rates create the interest and desire but lack of suitable properties means they are not able to make the transition to home ownership at this time.”

REALTORS® are facing some multiple offer situations on lower-priced property but overall, the market remains in balance with neither buyers nor sellers having an advantage in most neighbourhoods.

Residential sales in the Edmonton CMA were up 1.14% in March as compared to March 2012. There were 1,497 estimated sales (1,386 reported) on listings of 2,422 during the month. SFD sales were down 6.63% from last year but condo sales more than compensated at 8.84% y/y increase. Note that sales numbers are estimated to reflect late reported sales and make a more accurate comparison with prior month actual sales.

MLS® System Activity (for all-residential sales in Edmonton CMA1)

Want more real estate information? How about numbers specific to your property or community?

Give me a call..

Sincerely,

Kevin Grenier REALTOR®, ABR® SRS® (Accredited Buyer’s Realtor, Seller’s Representative Specialist)

780-893-0269

P.S. make sure you download your real estate app here.

This e-mail is not intended to solicit anyone who is contractually represented by another REALTOR®

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

Market Update from the Realtor’s Assocation of Edmonton – March 4th, 2013

Tue, 16 Apr by Kevin Grenier

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis on your specific community or property, contact me atwww.kevingrenier.com

Local Housing Market Remains Active

Edmonton, March 4, 2013: The REALTORS® Association of Edmonton reports that the housing market in the Edmonton CMA1 remains active. Residential listing activity was up 10% as compared to January and sales increased by 18.2%. The all-residential price (includes single family detached, condominiums, duplexes and row-houses) rose 4.3% in a month.

While the average price for a single family detached home broke through a psychological barrier at $400,973 in February ($399,832 in January), it was up just 0.3%. Condo prices showed stronger gains, rising 7.3% from January to $231,866. Duplex and rowhouse prices were also up month-over-month at $332,285 on average. The all-residential average price was $342,735 (up 2.9% from February 2012).

“REALTORS® were busier last month than in January both listing and selling more homes,” said President Darrell Cook. “As usual, sales activity will continue to increase as we move into spring. The inventory of available homes has increased and we expect hesitant sellers to come onto the market in the face of continuing strong prices.”

The pattern of sales in various price ranges has changed this year. “Confidence in the strength of our local economy and a shortage of attractive properties at the lower end of the price range are both moving consumers to consider higher priced properties,” said Cook. Sales of properties priced $425,000 to $550,000 have increased 19% so far this year, whereas sales of properties in the $200,000 to $375,000 range are down 9.6% compared to the first two months of 2012.

As of February 28, 2013, there were 4,183 residential properties listed in the MLS® System which reflects a 4.14 month supply at current sales levels. The days-on-market was 57 as compared to 53 last year. With an estimated 1,089 (1,008 reported) homes sold and 1,995 homes listed in February, the sales-to-listing ratio was 55%, up 4% from a year ago. Total Board sales for February were $470,309,954.

The figures above represent the sales in the Edmonton CMA1 as defined by Statistics Canada and includes the City of Edmonton and all municipalities in the four surrounding counties of Parkland, Sturgeon, Leduc, and Strathcona. Sales figures for February 2013 have been adjusted to anticipate sales during the month which will be reported after the data cut-off so as to compare more accurately with prior period figures.

REALTORS® in the Edmonton CMA and surrounding areas (including St. Paul and Cold Lake) contribute actual negotiated list and sale prices on a daily basis and are the most reliable source of pricing data in each local area and the entire market.

MLS® System Activity (for all-residential sales in Edmonton CMA1)

Want more real estate information? How about numbers specific to your property or community?

Give me a call..

Sincerely,

Kevin Grenier REALTOR®, ABR® SRS® (Accredited Buyer’s Realtor, Seller’s Representative Specialist)

780-893-0269

P.S. make sure you download your real estate app here.

This e-mail is not intended to solicit anyone who is contractually represented by another REALTOR®

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

Market Update from the Realtor’s Assocation of Edmonton – February 4th, 2013

Fri, 15 Feb by Kevin Grenier

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis on your specific community or property, contact me at www.kevingrenier.com

Local Housing Market Continues to Grow – REALTORS®

Edmonton, February 4, 2013: Year-over-year average prices and sales were up for most types of residential property in the Edmonton Census Metropolitan Area (CMA) in January. Single Family Dwelling (SFD) average prices were down 1.93% from December but up 7.7% when compared to January 2012. Condominium prices were also down (-3.1%) month-over-month but up 1.7% year-over-year. The all-residential price was up year-over-year at $328,525 (up 2.5%). The average price for an SFD was $399,832. An average condo was priced at $216,139, while a duplex/row house was priced at $328,351 on average. The all-residential average price in the Edmonton CMA was $328,525 as compared to $320,482 in January 2012.

The 2013 year started off with a residential sales increase of 27 (25) units over the previous year. There were an estimated 921 (853 reported) residential sales in the Edmonton CMA and an estimated total of 1,084 (1,005 reported) sales of all types of property. SFD sales were down 1.4% from a year ago at 536 estimated (496 reported) sales. Condo and duplex/row house sales took up the slack with an estimated 286 (265 reported) condo sales (up 30.7%) and duplex/row house estimated sales of 64 (59 reported) units (up 24.9%).  

“If there is an impending national housing crash, it is not evident in Edmonton,” said President Darrell Cook. “The number of price reductions is 4% lower than the same month last year.” The number of residential properties in the City of Edmonton that sold at or over list price rose from 9% in January 2012 to 12.6% this year. “This indicates that homes are appropriately priced for the market and that more home sellers are holding firm to their asking price,” said Cook.

The average days-on-market was 74 and the sales-to-listing ratio ended the month at 47%. There are currently 3,743 residential properties in inventory in the Edmonton CMA. This is lower than the five-year average for January (4,324) but still represents a 4.4 month supply at current sales levels.

REALTORS® changed their statistics reporting format this month. Sales and average price figures are given for the Edmonton CMA which includes the City of Edmonton and about 40 surrounding municipalities as defined by Statistics Canada. Then, because sales in the City of Edmonton account for about 75% of all sales, the figures are given for Edmonton only. Finally, communities and counties outside the CMA are not forgotten. The number of sales for each municipality along with average/median prices and total value of sales are provided in the Total Board section. All three reports are attached.

“All real estate is local,” said Cook. “It is important that we provide statistics that are relevant to each specific location. REALTORS® can provide their clients with more granularity or more specific details at the neighbourhood level.”

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Highlights of MLS® System activity

Want more real estate information? How about numbers specific to your property or community?

Give me a call..

Sincerely,

Kevin Grenier REALTOR®, ABR® SRS® (Accredited Buyer’s Realtor, Seller’s Representative Specialist)

780-893-0269

P.S. make sure you download your real estate app here.

This e-mail is not intended to solicit anyone who is contractually represented by another REALTOR®

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales

Market Update from the Realtor’s Assocation of Edmonton – January 3rd, 2013

Sat, 05 Jan by Kevin Grenier

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis on your specific community or property, contact me at www.kevingrenier.com

 

Solid Growth of Local Real Estate Market in 2012 reported by REALTORS®

Edmonton, January 3, 2013: The local housing market in 2012 ended as it began, with robust sales, slowly increasing prices, stability and an optimistic swagger. The average all-residential price in December was $333,140, up 1.5% from the previous month. The price in December 2011 was $316,020. Sales during December were 31.0% down from November and 16.8% down from last December. Note: for comparison purposes current month sales figures have been adjusted to account for late reported sales and terminations; actual reported numbers as of month end are in square brackets.

The average price for a single family detached property on the Edmonton Multiple Listing Service® in December was $391,427, up 2.5% month/month and 6.8% year/year. Condominium prices were up marginally (0.02%) from last month and sold on average for $225,143 in December. Duplex/row houses were priced at $297,753 on average (down 4.3% m/m). REALTORS® listed 1,026 [950] residential properties in December and sold 789 [731] properties. This resulted in a sales-to-listing ratio of 77% as compared to 73% in November. At month-end there were 4,354 residential properties in the inventory which is down 18.6% from a year ago. Sales were slower in December with average days-on-market up two to 66 days.

“Although sales and listing activity were slower this December than in previous years, prices continued their slow steady rise,” said President Doug Singleton. “Total sales for the year were up. The Finance Minister toyed with the mortgage qualification rules at the beginning of the year but otherwise this market operated in a smooth and stable manner. REALTORS® and their clients could trade in real estate with confidence and certainty.”

The price of an average single family detached home rose 6.8% during 2012 and the all-residential average price rose 5.4%. Sales were also higher in 2012 than the year previous with 18,020 residential sales and 20,393 total MLS® sales. Except for 2009 these were the highest sales numbers in five years. Listing activity, however, was lower than the previous three years. This dropped the available inventory of homes available on the local MLS® System to just 4,354 properties on December 31; the lowest level the inventory has been at since December 2009. 

The highest average price for a single family detached home in the Edmonton area in 2012 was in June at $393,471 with the lowest price point being January at $364,106. The all-residential average price followed a similar pattern with the highest average price in May at $348,196 and the lowest point in January at $318,906. Condo prices peaked in May at $248,846 after rising from the January low point at $216,622.

The growth of the Edmonton market is also reflected in the increased number of higher priced properties sold. There were 403 residential properties sold for over $700,000 in 2012, including 89 priced at one million or more. In 2008, just 1.63% of homes were in the $700,000 or above category. Last year 2.23% of the sold properties were at that level. The most expensive property sold in 2012 was valued at $2.72 million. Six owners in total picked up properties located in Crestwood, Magrath Heights, Windsor Park, Hodgson, Twin Brooks and Westridge each valued at $2 million or more.

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Activity (for all residential sales on Edmonton MLS® System)

Want more real estate information? How about numbers specific to your property or community?

Give me a call..

Sincerely,

Kevin Grenier REALTOR®, ABR® SRS® (Accredited Buyer’s Realtor, Seller’s Representative Specialist)

780-893-0269

P.S. make sure you download your real estate app here.

This e-mail is not intended to solicit anyone who is contractually represented by another REALTOR®

1 The total value of sales in a category divided by the number of properties sold
2 Single Family Dwelling
3 The middle figure in a list of all sales prices
4 Residential includes SFD, condos and duplex/row houses.
5 Includes residential, rural and commercial sales

1 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA.

Market Update from the Realtor’s Assocation of Edmonton – December 4th, 2012

Thu, 06 Dec by Kevin Grenier

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis on your specific community or property, contact me at www.kevingrenier.com

Average Housing Prices make dramatic leap in November

Edmonton, December 4, 2012: A significant lift in single-family detached prices from $372,061 in October to $382,923 in November drove up the all-residential average price from $324,924 to $331,198 (up 3.32% Y/Y). Condominium prices, which surged upwards in October, dropped back to the September level for an average of $230,493. This is about 1% higher than a year ago. Duplex and rowhouse prices were $312,041 on average (up 3.2% y/y).

The median price for single-family detached homes was $363,000 in November, the highest it has been since August. When the median price is lower than the average price, it indicates that there were more lower-priced homes sold. Even a few higher-priced homes drive the average price up. There were 51 sales reported for properties priced over $600,000 in November: the same number as reported in October. A year ago there were just 43 homes sold over $600,000.

REALTORS® listed 1,610 residential properties in November and sold 1,063 properties. This resulted in a sales-to-listing ratio of 66% as compared to 61.7% in October. At month end there were 5,681 residential properties in the inventory, which is down 8% from a year ago. Sales were slower in November with average days-on-market up three to 64 days.

“The slow steady escalation in housing prices reflects the confidence that home buyers have in the local economy,” said Singleton. “People are moving up but also relocating to take advantage of job opportunities. As a result the housing market is stable and balanced.”

On November 1 the REALTORS® Association of Edmonton added real estate sales activity from Northeast Alberta to the local Multiple Listing Service®. However, for comparative reasons the additional property sales in Bonnyville, Elk Point, St. Paul and Cold Lake have not been added to the sales reported by the Association in the Greater Edmonton area. The reporting format for the local housing statistics is being redesigned and sales in NE Alberta will be reported in January.

“We are pleased to welcome the 70 REALTORS® from Northeast Alberta to our membership,” said REALTORS® Association of Edmonton President Doug Singleton. “The members and their clients are now part of a larger association and will benefit from increased services and a wider choice of MLS® listings. Unfortunately the integration of the additional listings and sales has to be delayed for a month while the new reporting format is finalized.”

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Activity (for all residential sales on Edmonton MLS® System)

Want more real estate information? How about numbers specific to your property or community?

Give me a call..

Sincerely,

Kevin Grenier REALTOR®, ABR® SRS® (Accredited Buyer’s Realtor, Seller’s Representative Specialist)

780-893-0269

P.S. make sure you download your real estate app here.

This e-mail is not intended to solicit anyone who is contractually represented by another REALTOR®

1 The total value of sales in a category divided by the number of properties sold
2 Single Family Dwelling
3 The middle figure in a list of all sales prices
4 Residential includes SFD, condos and duplex/row houses.
5 Includes residential, rural and commercial sales

1 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA.

Economic Analysis – CHBA – Alberta (Canadian Home Builder’s Association

Tue, 04 Dec by Kevin Grenier

The follwing report was made available here with permission from CHBA – Alberta

NOVEMBER 2012
Home Prices Rising Moderately in Alberta’s Biggest Cities
Concerns about alleged house price “bubbles” and potential “corrections” have garnered headlines in the national media in recent months. Comments about the so-called “overheated national housing market” have been driven, in part, by price changes in Toronto and Vancouver which heavily influence the national average. In these cities, some unease has arisen over possible speculative activity by off-shore investors that may have distorted prices beyond what market fundamentals could support.
CHBA – Alberta closely follows the housing market trends in the province’s major cities and in this report we take a look at published price indicators to get sense of the trends in recent months. The 8 charts presented below compare our two biggest cities, Calgary and Edmonton, on four different residential sale price measures [2 for resale housing and 2 for new homes]: (1) Average MLS® residential resale price (CREA), (2) Teranet® – National Bank resale price index, (3) CMHC’s monthly average absorbed new single-detached house price, (4) Statistics Canada New House Price Index (contractor selling price).
All eight charts cover the same time frame – January 2008 to present. In all cases, the time series show no recent price accelerations in either city. As well, the indicators for the most part remain below pre-recession peak levels. Based on the trends evident here, we conclude that the two largest markets in Alberta continue to experience balanced market conditions in 2012, associated with moderate upward pressure on both existing and new home prices. In general, year-over-year gains are near or slightly below the general inflation rate with some seasonal easing month-over-month in resale housing.
For more information please contact:
Richard Goatcher, Economic Analyst, CHBA – Alberta
780-424-5890 (ext 222) 1-800-661-3348 (ext 222)
richard.goatcher@chbaalberta.ca

 

 

 

Market Update from the Realtor’s Assocation of Edmonton – November 2nd, 2012

Fri, 02 Nov by Kevin Grenier

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis on your specific community or property, contact me at www.kevingrenier.com

1 The total value of sales in a category divided by the number of properties sold
2 Single Family Dwelling
3 The middle figure in a list of all sales prices
4 Residential includes SFD, condos and duplex/row houses.
5 Includes residential, rural and commercial sales

1 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA.

Market Update from the Realtor’s Assocation of Edmonton – October 2nd, 2012

Tue, 02 Oct by Kevin Grenier

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis on your specific community or property, contact me at www.kevingrenier.com

1 The total value of sales in a category divided by the number of properties sold
2 Single Family Dwelling
3 The middle figure in a list of all sales prices
4 Residential includes SFD, condos and duplex/row houses.
5 Includes residential, rural and commercial sales

1 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA.

Buyer Feedback – 2 solutions to unrealistic buyer expectations – advice to seller

Tue, 18 Sep by Kevin Grenier

Comments like this “The clients didn’t like the room sizes” indicate that we are attracting buyers that are expecting larger rooms or whatever the comment is. Now isolated comments are one thing and don’t mean much but when you are consistently getting similar comments about things that cannot be changed like room sizes this is the case. Why are we attracting buyers with expectations that exceed the real property? Primarily price, usually buyers stick to a price range and as they are shopping around get a feel for what is out there at that given price range. For example no one expects a huge bonus room in a starter home price range but they do come to expect certain things based on what other similarly priced homes are offering. Now I realize that a price reduction is not always in the books so there is something else you can do and that is raise increace value either real or perceived.By real value I mean upgrades such as replacing that dated tile in the foyer or the sea foam green carpet in the livingroom. By perceived value I mean things like staging, decluttering, cleaning, minor repairs and painting. The bottom line is if you are getting negative feedback consistently you may want to review your expectations and come up with an action plan that will bring a solid offer to the table from a qualified and motivated buyer. For more real estate tips call me, I’m hear to help.Kevin Grenier (780) 893-0269Realty Executives Polaris REALTOR®, ABR® (Accredited Buyer’s REALTOR®), SRS® (Seller Representative Specialist)P.S. Download your free real estate app at www.RealHousesForSale.com This is not intended to solicit anyone who is currently contractually represented by another REALTOR® 

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.