Average residential prices post modest gain of 1% over August of last year

Edmonton, September 2, 2015:  The average residential price in August for the Edmonton Census Metropolitan Area (CMA) is up 1% year-over-year (YoY) and down slightly by 0.2% relative to last month. A single family home in the Edmonton Census Metropolitan Area (CMA) sold for an average of $439,829; up 0.7% from July and up 1.0% YoY. The average for all residential properties sat at $372,256; down 0.2% from July and up 1.0% over last August. 

“Edmonton continues to experience a relatively stable market with respect to year-over-year prices.  A slower pace of sales, combined with growing inventories, are creating favourable conditions for entering the Edmonton market,” explains Geneva Tetreault, Chair of the REALTORS® Association of Edmonton. “We have a great selection of inventory this year, a luxury we did not have last year. Sellers may have to wait a little longer to sell their...

(NC) When it comes to real estate, there is no shortage of terminology and plenty of room for confusion. Here is a list of a few common real estate terms you'll hear at least once during your home buying and selling process:  

• Fixed-rate Mortgage: The mortgage rate and payment you make each month will stay constant for the term of your mortgage.

• Variable-rate Mortgage: The mortgage rate set by your lender will change with the prime lending rate. These loans may be beneficial if there is a sudden fall in lending rates, but higher interest rates will mean larger monthly payments.

• Amortization: The number of years it takes to repay the entire amount of the mortgage.

• Title/Title Search: Title is the legal evidence of ownership in a property. A Title Search is a detailed examination of the ownership documents to ensure there are no liens or other encumbrances on the property, and no questions regarding the seller's...

Edmonton, July 3, 2015: For the first time in 2015, the REALTORS® Association of Edmonton recorded an increase in year-over-year reported sales for the month. June 2015 Census Metropolitan Area (CMA) had 2,008 reported sales for all residential properties, 2.4% over the 1,961 all residential sales reported in June 2014. This number includes 1,243 single family dwellings (2.1% more than 2014), 572 condo sales (1.6% more than from 2014) and 156 duplex/rowhouses (11.4% more than 2014). Sales were also up 13% in June from the reported sales in May 2015.

“We finally saw prices take the expected small dip month over month that we have been waiting to see due to lower sales and higher inventory. Prices still remain higher than the same time last year and with sales ramping up again and inventory starting to settle, we likely won’t see our prices drop much more than this,” explains Geneva Tetreault, President of the REALTORS® Association of Edmonton.

Single family prices...

I was on one of my favorite sites on the internet Houzz and I came across a great article and it is so true when showing your home.  

Lurdes Abruscato, Houzz Contributor

The “For Sale” sign is up. You’ve completed the big projects and the little tweaks, so you’re hopeful your efforts will pay off with a quick and profitable offer. But now comes the most critical part of the home-selling cycle: the day of a showing or an open house. A negative first impression can directly translate into dollars off a full asking price. Before opening the door to potential buyers the day of a showing, follow these tips from top Realtors and stagers all over the world.

1. Detach from the stuff. Home experts agree the first and most important step to a successful listing is to emotionally separate from the house and the objects within it. “Many clients I work with battle to let go of their property and refuse to take down family photographs and religious items,”...

I was searching the internet and I found these pictures.  These are brilliant ideas for space saving if you have a smaller home.  These were just some of my favorites.

What a great little table.  This could be used for just about anything.  I was thinking for a childs room as a desk.  

Now I am not sure about this one, but I thought it looked kind of neat.

In a condo or small home this would be ideal

This is a great idea for a small nook or guest room.  Even for a teenagers room this would be perfect.

Great for the Living room woudn't you say?

Ideal for that Bachlor Pad!

Now this is brilliant.  Out of sight out of mind.

This is another innovative idea for your guest room or Childs room.

Wine Anyone?

Now this is an amazing use of space.  I...