Monday, December 3, 2012

Downtown & Oliver Real Estate Market Update

Downtown & Oliver condo prices and days-on-market are up in November, while inventory and number of sales are down.

38 condos have sold on the MLS® in Oliver and Downtown in October of 2012, 6 less than last month and 10 more than in December of 2011. The selling price ranged from $125,000, 664 sq.ft. one bedroom condo in Hillside Estates, to $600,000 two bedroom 1,656 sq.ft unit in the Glenora highrise.

The average selling price was up by 5% from last month and 0.8% down from November of 2011. The price per square foot was down by $5 to $280. The inventory has decreased from 234 to 200 condos available. The average selling price was $279,035 and average list price $289,028 and $290 per sq ft. Current days-on-market have increased to 58 from 57 days while sold-to-list price ratio has increased to 96%.

The current absorption rate for Downtown and Oliver condos as of today stands at 5.3 months, identical compare to last month.











 

Saturday, November 3, 2012

Downtown & Oliver Real Estate Market Update


Downtown & Oliver condo prices and days-on-market are up in October, while inventory and number of sales are down.

44 condos have sold on the MLS® in Oliver and Downtown in October of 2012, 3 less than last month and 6 more than in October of 2011. The selling price ranged from $102,000, 573 sq.ft. one bedroom condo in Seasons on the Park, to $565,000 one bedroom 1,850 sq.ft unit in Morris Lofts on 103 street.

The average selling price was up by 5.2% from last month and 1.2% up from October of 2011. The price per square foot was also up by $16.00 to $285 per sq.ft. The inventory has decreased from 241 to 234 condos available. The average selling price was $265,269 and average list price $280,715 and 300 per sq ft. Current days-on-market have increased to 57 from 50 days while sold-to-list price ratio has decreased to 94%.

The current absorption rate for Downtown and Oliver condos as of today stands at 5.3 months
 
 
 
 
 
 
 

Thursday, October 25, 2012

Garneau Real Estate

Garneau Homes Market Sales Report 2012

Since January of 2012, 20 single detached homes have sold on MLS® in Garneau community, ranging in selling price from $314,000, 785 sq.ft bungalow built in 1920, to $649,000, 1,621 sq.ft 2 strorey historical home with double garage from 1914.

The average selling price for these university areahomes was $483,900 and 374 per square foot and list price $499,229 and 287 per square foot. It took on average 50 days for these houses to sell ranging from 117 to 2, while sold-to-list price ratio was 96 percent, 104% to 92%.  Average size of these Garneau sold homes was 1,352 sq.feet.
 
 
 
 

Garneau Homes For Sale <<< click

 
CMA REPORT: If you would like to see current listings and which homes have sold and for what price in the Garneau neighbourhood, email us and we will send you the sales history free with no obligation.
 
Derek Hulewicz, REALTOR®, 780-220-4224
All data in this article has been provided by REALTORS® Association of Edmonton

Wednesday, October 17, 2012

Hargate Condos Sold in 2012, Oliver Edmonton

Hargate Condos Sales History
Location: 10160 114 Street, Oliver Edmonton, Alberta

Since January of 2012, 9 apartment style condos have sold through the MLS® SYSTEM in the Hargate, ranging in selling price from $100,000 to $180,000.

The average size of these sold Hargate condos was 494 square feet, the average selling price $135,166 and $276 per square foot and list price $143,866 and 295 per square foot. It took on average 66 days for these condos to sell, while sold-to-list price ratio was 93%.
 
SALES REPORT: If you would like to see current listings and which condos have sold and for what price in the Hargate, email us and we will send you the sales history free with no obligation.

All data in this article has been provided by REALTORS® Association of Edmonton

Saturday, October 6, 2012

Terrace Court Condos Sold in 2012, Downtown Edmonton


Terrace Court Condos Sales History
Location: 10503 98 Avenue, Edmonton Alberta

Since January of 2012, 5 condos have sold through the MLS® SYSTEM in the Terrace Court, ranging in selling price from $223,000 to $260,000.

The average size of these sold Downtown properties was 900 square feet, the average selling price $236,600 and $265 per square foot and list price $247,260 and 278 per square foot. It took on average 48 days for these condos to sell, while sold-to-list price ratio was 95%.
 
Find the value of yourcondo <<< click

 
SALES REPORT: If you would like to see current listings and which condos have sold and for what price in the Terrace Court, email Derek and we will send you the sales history free with no obligation.

 
Downtown Condos for sale <<< click

 
Derek Hulewicz, REALTOR®, 780-220-4224
All data in this article has been provided by REALTORS® Association of Edmonton

Monday, October 1, 2012

Downtown & Oliver Real Estate Market Update


Downtown & Oliver condo prices, number of sales and inventory are down in September.

47 condos have sold on the MLS® in Oliver and Downtown in September of 2012, 5 less than last month and 4 more than in September of 2011. The selling price ranged from $121,000, 438 sq.ft., one bedroom condo in the Hargate, to $414,000 2 bedroom 1,122 sq.ft. condo in the Icon towers.

The average selling price was down by 5.4% from last month and 6% down from September of 2011. The price per square foot was also down by $34.00 to $269 per sq.ft. The inventory has decreased from 250 to 241 condos available. The average selling price was $242,137 and average list price $251,393 and 279 per sq ft. Current days-on-market have decreased to 50 from 51 days while sold-to-list price ratio has not changed at 96%.


The current absorption rate for Downtown and Oliver condos as of today stands at 5.9 months






Wednesday, September 26, 2012

McDougall Place Sold Condos in 2012, Downtown Edmonton

McDougall Place Condos Sales History
Location: 9921 104 Street, Downtown, Edmonton Alberta

Since January of 2012, 4 condos have sold through the MLS® SYSTEM in the McDougall Place high rise, ranging in selling price from $280,000 to $315,000. 

The average size of these sold Downtown properties was 1,419 square feet, the average selling price $295,250 and $208 per square foot and list price $304,375 and 215 per square foot. It took on average 29 days for these condos to sell, while sold-to-list price ratio was 97%.

Find the value of your condo <<< click

SALES REPORT: If you would like to see current listings and which condos have sold and for what price in the McDougall Place, email Derek and we will send you the sales history free with no obligation.

Downtown Condos for sale <<< click

Derek Hulewicz, REALTOR®, 780-220-4224
All data in this article has been provided by REALTORS® Association of Edmonton

Sunday, August 5, 2012

Downtown & Oliver Real Estate Market Update


Downtown & Oliver condo prices and inventory are down in July, while days-on-market and number of sales are up!

65 condos have sold on the MLS® in Oliver and Downtown in July of 2012, 2 more than last month and 12 less than in July of 2011. The selling price ranged from $98,000, 538 sq.ft., one bedroom condo in the New Manor, to $625,000 3 bedroom 2,208 sq.ft. condo in Arcadia.

The average selling price was down by 9.4% from last month and 6% down from July of 2011. The price per square foot was also down by $18.00 to $279 per sq.ft. The inventory has decreased from 293 to 271 condos available. The average selling price was $259,152 and average list price $267,816 and 288 per sq ft. Current days-on-market have increased to 50 from 50 days while sold-to-list price ratio has also increased by one percent to 96%.


The current absorption rate for Downtown and Oliver condos as of today stands at 4.2 months.









Tuesday, July 3, 2012

Downtown Real Estate Market Update


Downtown & Oliver condo inventory and number of sales are up in June, while days-on-market and average selling price are slightly down!

63 condos have sold on the MLS® in Oliver and Downtown in June of 2012, 4 more than last month and 1 less than in June of 2011. The selling price ranged from $122,000, 504 sq.ft., one bedroom in the Residence, to $1,100,000 two bedroom 2,084 sq.ft. condo in the Carlisle.

The average selling price was down by 2% from last month and 9% up from June of 2011.  The price per square foot was up by $5.00 to $297 per sq.ft. The inventory has increased from 262 to 293 condos available. The average selling price was $286,000 and average list price $294,900 and 310 per sq ft. Current days-on-market have decreased to 40 from 56 days while sold-to-list price ratio has not changed at 95%.


The current absorption rate for Downtown and Oliver condos as of today stands at 4.6 months.










Sunday, June 3, 2012

Downtown & Oliver Real Estate Market Update


Downtown & Oliver condo prices, inventory and days-on-market are up in May!

56 condos have sold on the MLS® in Oliver and Downtown in May of 2012, same as last month and 3% less than in May of 2011. The selling price ranged from $133,000, 520 sq.ft., one bedroom in the Hargate, to $1,450,000 two bedroom penthouse in the Carlisle.

The average selling price was up by 15% from last month and 5% up from May of 2011. Mostly due to higher-price range condos sold compared in May to April.  The price per square foot was also up by $11.00 to $292 per sq.ft. The inventory has increased from 248 to 262 condos available. The average selling price was $292,000 and average list price $298,940 and 295 per sq ft. Current days-on-market have decreased to 56 from 57 days while sold-to-list price ratio has also decreased to 95%.


The current absorption rate for Downtown and Oliver condos as of today stands at 4.7 months.










Friday, May 4, 2012

Downtown & Oliver Real Estate Market Update


Downtown & Oliver condo prices are down, while inventory, number of sales and average days-on-market are up in April!

56 condos have sold on the MLS® in Oliver and Downtown in April of 2012, 14 percent more than last month and 3% more than in April of 2011. The selling price ranged from $104,500, 452 sq.ft. studio in the Glenora Manor, to $490,000 two bedroom condo in the Illuminada.

The average selling price was down by 6.5% from last month and 14.5% down from April of 2011, mostly because more lower end condos sold in April.  The price per square foot, on the other hand, was up by $6.00 to $281 per sq.ft.  The inventory has increased from 237 to 248 condos available. The average selling price was $249,056 and $281 per square foot and average list price $257,114 and 289 per sq ft. Current days-on-market have increased to 58 from 57 days while sold-to-list price ratio has also increased at 96%.

The current absorption rate for Downtown and Oliver condos as of today stands at 4.4 months.











Friday, April 20, 2012

Solarium Condos Sales Report 2012

Solarium Condos Sales History
Location: 10148 118 Street, Oliver Edmonton, Alberta

In the last 12 months, 4 condos have sold through the MLS® SYSTEM in the Solarium, ranging in selling price from $110,000, one bedroom 520 sq.ft. unit on the 2nd floor, to $216,000, two bedroom 854 sq.ft on the 3rd floor.

The average size of the sold condominiums was 716 sq.feet, average selling price $167,750 and $238 per square foot and list price $175,225 and 249 per square foot. It took on average 66 days for these condos to sell, while sold-to-list price ratio was 95%.







SALES REPORT: If you would like to see which condos have sold and for what price in the Solarium, email us at info@edmontonrealestateweb.com and we will send you the sales history free with no obligation.

Oliver condos for sale<<< click here
Derek Hulewicz, REALTOR®, 780-220-4224
All data has been provided by REALTORS® Association of Edmonton

Tuesday, April 3, 2012

Downtown & Oliver Real Estate Market Update

Downtown & Oliver condo prices and days-on-market are down, while inventory and number of sales are up in March!

46 condos have sold on the MLS® in Oliver and Downtown in March of 2012, 8 percent more than last month and same as in March of 2011. The selling price ranged from $100,000, 364 sq.ft. studio in the Hargate, to $908,000 two bedroom 2,282 sq.ft. condo in the Carlisle.

The average selling price was down by 7% from last month and 9% down from March of 2011, whereas the price per square foot was up by $5.00 to $275 per sq.ft. The inventory has increased from 214 to 237 condos available. The average selling price was $267,225 and $275 per square foot and average list price $278,040 and 286 per sq ft. Current days-on-market have decreased to 57 from 58 days while sold-to-list price ratio has not changed at 95%.

The current absorption rate for Downtown and Oliver condos as of today stands at 5 months.










Tuesday, March 20, 2012

River Grande Condos Report

Riverdale Grande Condos Sales History
Location: 9008 99 Avenue, Riverdale Edmonton

Since January of 2011, 7 condos have sold through the MLS® SYSTEM in the River Grande, ranging in selling price from $272,000 to $502,000.

The average size of the sold condominiums was 1,183 sq.feet, average selling price $358,928 and $308 per square foot and list price $365,200 and 315 per square foot. It took on average 33 days for these condos to sell, while sold-to-list price ratio was 98%.





SALES REPORT: If you would like to see which condos have sold and for what price in the River Grande, email us at info@edmontonrealestateweb.com and we will send you the sales history free with no obligation.



Derek Hulewicz, REALTOR®, 780-220-4224
All data has been provided by REALTORS® Association of Edmonton

Wednesday, March 7, 2012

Secrets of Buying a Great Condo...

Wow!  Can you find a condo building in Edmonton that hasn’t had special levies?  And I don’t mean the ones just recently built that shouldn’t.  Too soon?  Too soon?  (I had to quote Jeff Rose).  What happened to quality of craftsmanship?  Can we still build well and build to last?  You would think that with present engineering and technologies we should be building better that those who constructed all the Pyramids, ancient cities, castles and churches that are still standing till now.  You may say; we live in the age where quantity has replaced quality, I guess the latter costs too much, or does it?
It’s almost impossible to protect yourself from future special assessments or levies as a condo buyer or an owner.  For some it has been a nightmare, for others who have been luckier a pleasant experience.  In Downtown and surrounding neighbourhoods like Oliver, Rossdale, Riverdale, Westmount and Queen Marry Park, a disturbing number of the condominiums built after 2000 have had or are having deficiencies that are past developer’s warranties and have to be fixed with extra funding from the current owners.  Here just some of them: Grandin Court, Terrace Court, Parkside Court, Omega, Imperial, the View, Rossdale Court, Glenora Gates, and St. Lawrence Court.  Some of them were built by TESCO, we’ve all heard that name.  I haven’t heard anything bad about Alta Vista or River Vista built by Christenson Development, so far so good.  What about the Icons?  Great location and design, not too fond of either of their lobbies constructed by Langham Properties from Edmonton.

The amount of special assessments can vary from $1000 to $30,000 and even higher.   In some cases, the board will rather increase the condo fees than call for special levy.  I suppose I wouldn’t be upset about couple of grand over say 5 years but $10,000 or $20,000 would definitely spike the blood pressure in my veins.  It seems like the magical timeline of some of these major and expensive deficiencies appearing would be between 5 to 10 years down the road, when warranties are out, convenient for developer.  I say, let’s implore the builders to give 10 year warranties on major items like structural, exterior, windows, roof, elevators, heating and cooling systems, main electrical and plumbing.  Would that be nice ?!  It’s going to cost you!

So what is the secret to buying well?  Older than 10 year? Like wine, condos get better with age? LOL!  I would say yes to some and no to others, anything newer than 2002, give or take couple of years, and you are taking a chance.  Anything older than 1990 and you are looking at possible levies to put new windows, roofs, upgrading the elevators, boilers, etc.  (Keep in mind some of the older high-rises, lofts and walk-ups had the majority or some work already done).  The funny thing is that there aren’t many condos in Downtown area that were built between 1980 and 2000, most are from 1960’s, 1970’s, and 2000 plus. 

Conclusion:  All this info does sound confusing and trying to generalize and find a definite answer to this puzzle maybe impossible.  However, all things being equal, the secret is to take every building under the microscope and examine separately.  Then, after doing your homework take a plunge and hope for the best, you are not alone.   There are definitely great condo buildings out there and there are those that I would stay away from and would not recommend to my clients, but we are not here in business of bashing but just trying to provoke a discussion and find more information on this subject.   By the way, I would be happy to hear what you have to say, just comment to this post or give me a callJ

Regards,

Derek H.


Sunday, March 4, 2012

Downtown & Oliver Real Estate Market Update

Downtown & Oliver condo prices, number of sales, and inventory are up in February, while days-on-market are down!

42 condos have sold on the MLS® in Oliver and Downtown in February of 2012, 38 percent less than last month and 19% more than in February of 2011. The selling price ranged from $117,000, 646 sq.ft.,one bedroom in Oliver Village, to $538,900 two bedroom 1,250 sq.ft. condo in the Meridian Plaza.

The average selling price was up by 11% from last month and 2.5% down from February of 2011, whereas the price per square foot was down by $1.00 to $270 per sq.ft. The inventory has increased from 184 to 214 condos available. The average selling price was $286,692 and $270 per square foot and average list price $298,186 and 282 per sq ft. Current days-on-market have decreased to 58 from 67 days while sold-to-list price ratio has also decreased to 95%.

The current absorption rate for Downtown and Oliver condos as of today stands at 5 months.