I have listed a new property at 5417 17A AVE in Edmonton. See details here
Well kept Bungalow with TOTAL 5 BEDROOMS, THREE BATHS, AND SECOND KITCHEN in FULLY FINISHED BASEMENT. Large living area, dining room, and spacious kitchen on the main floor. Primary bedroom as 2 PC ENSUITE. Basement is has 2 great size bedrooms, large family room, kitchen, and 4 pce bath. Also comes with 24x24 oversize double detached garage! Welcome home!
Please visit our Open House at 7415 169 AVE in Edmonton. See details here
Open House on Saturday, September 28, 2024 1:00PM - 3:00PM
Welcome to this pride of ownership 2 Story in Schonsee, total four bedrooms & so so much more! Front entrance has a nice patio/sitting area. Walk into spacious foyer, w/grand curved staircase, open to above w/loft! Huge kitchen boasts tons of cabinetry, granite countertops, walk in pantry, chimney hood fan, eating bar, buffet, SS appls with new dishwasher. Great size breakfast nook with lots of windows, overlooking backyard. Family room off kitchen, with another gas fireplace. Main floor also has a great size den, half bath & convenient main floor laundry w/sink. Upstairs, you will find a loft area overlooking below. Enjoy a primary suite oasis, w/sitting area, walk in closet, & 5 pce ensuite w/jacuzzi tub. Three more spacious bedrooms, one with walk in closet. Basement has 9 ft ceilings, & is all framed, ready for your personal touch! The backyard is gorgeously landscaped, w/nice size deck & shed. Other upgrades: New HWT (3 yrs) , remodelled washer, new dryer, custom blinds, central vac. Welcome home!
Please visit our Open House at 3707 160A AVE in Edmonton. See details here
Open House on Sunday, September 29, 2024 1:00PM - 3:00PM
Welcome to this 2 Story Half Duplex GEM - with so many extras & upgrades that you would not expect! HICKORY HARDWOOD & TILE THROUGHOUT. MASSIVE OPEN CONCEPT kitchen/dining/living spaces, w/vaulted ceilings & recessed lights throughout. Gas fireplace in living room. Den as well as laundry just off kitchen. Upstairs you will find a great size primary bedroom w/large walk in closet & 3 pce ensuite. FULLY FINISHED BASEMENT w/IN SLAB RADIANT HEATING, 9 FT CEILINGS, & boasts a huge rec area/bedroom, w/4 pce bath including jacuzzi tub & separate shower. PRIVATE BACKYARD & no neighbours behind! Garage is insulated/heated, with extra drop downs for storage & 3-220 V outlets & water supply. UNIQUE FOUR SEASON SHED/WORKSHOP is fully insulated/heated w/hot/cold water supply & 2-220V outlets. Greenhouse behind shed included w/lots of berries bushes throughout property. Other upgrades include: CENTRAL AC, 50 YR SHINGLES (2021), ROUGH IN VAC, TWO HOT WATER TANKS (ONE REPLACED 2021). Prepare to be impressed!
I have listed a new property at 429 OZERNA RD in Edmonton. See details here
Welcome home to this luxurious Bi Level! It has many upgrades that include custom ceramic tile inlay designs, California knock down ceiling texturing and solid oak kitchen cabinets. Appliances are high end with all the bells and whistles including a convention oven microwave combo. Master suite has an enormous walk in closet and a ensuite bathroom with jacuzzi tub - ready for you to enjoy your own personal oasis! Basement has a separate entrance and is ready for your personal touch with 9 ft ceilings. Oversized insulate garage. Back yard is a perfect area to entertain with a custom built fire pit and a large maintenance free deck. Aggregate sidewalks and driveway as well. This home will not last - ACT now!
Whether you’re considering downsizing, upsizing, or just making a change, finding the perfect space is essential for your lifestyle. Check out these signs to see if it might be time to make a move! 🚀
Not sure if your current home is the perfect fit? Contact me today for a free consultation! Call, email, text, or send a direct message to start exploring your options and make an informed decision for your future. 📞📧
Craig Finnman
RE/MAX Elite
(780) 982-1589
craig@craigfinnman.ca
I have listed a new property at 7715 83 AVE in Edmonton. See details here
RENOVATED Bungalow on HUGE LOT in great community of Idylwylde, close to river valley, Whyte Ave, downtown and much more! NEW VINYL PLANK FLOORING, NEW WHITE KITCHEN with stone countertops. Three bedrooms on main with NEW 4 pce BATH. FULLY FINISHED BASEMENT has recreation room with bar area and fireplace (decorative only), bedroom and 2 pce bath. Other upgrades include NEW WINDOWS and NEWER FURNACE. HUGE BACKYARD with convenient back lane access to single car garage, and maintenance free fence! This home is move in ready! Don't miss out on this great find!
Let's break down the important factors for Sellers, Buyers, and Investors based on the market data from the Greater Edmonton Area (GEA) real estate report.
The Market is Shifting - Is Now the Right Time to Sell? While we saw an 11.8% decrease in residential unit sales from July, the market is still 15.8% higher than last year! Detached homes in Edmonton are still holding strong with a 12.5% year-over-year increase in sales and prices up 10.2% over August 2023. If you’re considering selling, now could be the perfect time to take advantage of the upward trend.
Key Stats for Sellers:
• Average Detached Home Price: $546,101 (+10.2% YoY)
• Days on Market: 35 days (up slightly but still competitive!)
• Inventory is down, meaning less competition for your home!
With new listings on the rise (+7.7% YoY), there are more options for buyers in the Edmonton market, despite a slight monthly dip. Semi-detached and apartment condo sales are up, offering diverse opportunities for first-time homebuyers or those looking to upsize.
Key Stats for Buyers:
• Semi-Detached Home Prices: $414,526 (+10.9% YoY)
• Apartment Condos: $203,742 (+5.1% YoY)
• More homes available with inventory up from last year!
Now could be the perfect time to find your dream home before the market heats up again.
Despite a cooling market from July, we are seeing significant year-over-year growth in property prices, with row/townhouse prices up 14.7% and detached homes up 10.2%. If you're looking to expand your portfolio, now is the time to capitalize on rising prices and growing demand.
Investment Highlights:
• Row/Townhouse Prices: $290,569 (+14.7% YoY)
• Detached Homes: $546,101 (+10.2% YoY)
• Apartment Condos: $203,742 (+5.1% YoY)
• Consistent demand, with unit sales still up 15.8% from last year.
Let’s explore your options in this thriving market!
Read Full Market Stats Report
Today, September 4, 2024, the Bank of Canada reduced its overnight rate target by 0.25% to 4.25%, marking a full 75 basis points below its peak of 5.00%.
Here’s what this means for YOU:
For Sellers: With lower interest rates, more buyers may enter the market, increasing demand for homes. Now could be a great time to consider listing your property!
For Buyers: Good news! Mortgage rates are likely to drop, making home ownership more affordable. Whether you're a first-time buyer or looking to upgrade, this rate cut could mean lower monthly payments.
For Investors: The economy is showing signs of slowing down, but wage growth remains elevated, while inflation is cooling off. This might be the ideal time to explore new investment opportunities, especially with variable mortgage rates expected to drop further.
Prime rates are expected to fall, so if you have a variable mortgage, your payments could soon decrease!
Stay tuned as the BoC continues its commitment to stabilize prices. The next rate announcement is scheduled for October 23, 2024.
If you have any questions about how this impacts your real estate plans, let's chat!
Craig Finnman
RE/MAX Elite
(780) 982-1589
craig@craigfinnman.ca
Your Trusted Real Estate Partners. Contact us at 780-982-1589 for all your property needs.