Wednesday, December 4, 2013

Downtown Edmonton Real Estate Market Update


Downtown & Oliver condo prices are and average days on market up slightly in November of 2013, while number of sales and inventory are down!

32 condos have sold on the MLS® in Oliver and Downtown area in November of 2013, 14 less than last month and 6 less than in November of 2012. The selling price ranged from $105,000, 520 sq.ft. condo in Harwood Plaza, to $925,000, two bedroom, 2,130 sq.ft condo in the Arcadia high rise.

The average selling price was up by 4.9% from last month and 8.2% up from November of 2012. The price per square foot was down by $19 to $296. The inventory has decreased from 220 to 197 condos available. The average selling price was $303,716 and average list price $316,100 and $307 per sq ft. Current days-on-market are up to 79 days while sold-to-list price ratio is down by 1% at 96%.

The current absorption rate for Downtown and Oliver condos as of today stands at 6.1 months, an increase from last month of 4.7.
 
 
 
 
 
 
 
 
 

 

Friday, November 22, 2013

New Listing #207 Denver Towers, Central Edmonton

AWESOME LOCATION & UNIQUE LAYOUT.  This TOP FLOOR, two level 1 bedroom condo is located just minutes from Downtown, University, Grant McEwan, NAIT, Westmount and Kingsway Shopping Malls.  Main floor is open-concept with breakfast bar overlooking a bright living room with west facing sliding doors leading to balcony.   Stairway on main leads up to a generous and private bedroom, 4pc bathroom and large storage room.  Some of the upgrades are newer kitchen, modern bath, flooring, light fixtures, windows, balcony, and hallways.  One energized parking stall included.   All schools and amenities close by.   GREAT OPPORTUNITY!




Central Edmonton Condo <<< click for details

Monday, November 4, 2013

Downtown Edmonton Real Estate Market Update


Downtown & Oliver condo prices are up slightly in October of 2013, while number of sales, average days-on-market and inventory are down!

46 condos have sold on the MLS® in Oliver and Downtown area in October of 2013, 6 less than last month and 2 more than in October of 2012. The selling price ranged from $155,000, 409 sq.ft. condo in the Cambridge Lofts high rise, to $430,000, two bedroom, 1,066 sq.ft condo in Grandin Manor.

The average selling price was up by 0.5% from last month and 8.2% up from October of 2012. The price per square foot was up by $21 to $315. The inventory has decreased from 243 to 220 condos available. The average selling price was $288,943 and average list price $296,481 and $324 per sq ft. Current days-on-market are down to 58 days while sold-to-list price ratio is up by 1% at 97%.

The current absorption rate for Downtown and Oliver condos as of today stands at 4.8 months, an increase from last month of 4.7.

 
 
 
 
 
 
 
 
 

Friday, November 1, 2013

Glenora Mansion Condos Sales Report, Edmonton AB

Glenora Mansion: 12110 106 Avenue, Westmount Edmonton

In the last 12 months, year to date, 6 condos have sold through the MLS® system in the Glenora Mansion building, ranging in selling price from $198,000 to $289,000.

The average selling price for these centrally located condos was $248,258 and $261 per square foot and list price $259,833 and $273 per square foot. It took on average 51 days for these apartments to sell, while sold-to-list price ratio was 95 percent.  Average size of the sold units was 954 sq.feet.



If you would like to see which condos have sold and for what price in the Glenora Mansion, click on the link >>> Condos sold in Edmonton.

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

Wednesday, October 30, 2013

Alta Vista Condos Sold In 2013, Downtown Edmonton


Alta Vista: 10303/10319 111 Street, Downtown Edmonton

Since January of 2013, year to date, 21 condos have sold through the MLS® system in the Alta Vista high rises, ranging in selling price from $275,000 to $480,000.

The average selling price for these Downtown condos in 2013 was $377,221 and $381 per square foot and list price $386,861 and $391 per square foot. It took on average 66 days for these apartments to sell, while sold-to-list price ratio was 97 percent.  Average size of these sold units was 1,005 sq.feet.
 
 

 
 
 
 
 
 
 
 
If you would like to see which condos have sold and for what price in the Alta Vista, click on the link >>> Condos sold inEdmonton.

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

Tuesday, October 29, 2013

Oliver Ridge Condos Sales Report

In the last 12 months, year to date, only 4 condos have sold through the MLS® system in he Oliver Ridge building, ranging in selling price from $82,000 to $207,500.

The average selling price for these Oliver condos was $132,500 and $267 per square foot and list price $137,700 and $278 per square foot. It took on average 41 days for these apartments to sell, while sold-to-list price ratio was 96 percent.  Average size of was 489 sq.feet.
 
If you would like to see which condos have sold and for what price in Oliver Ridge, click on the link >>> Condos Sold In Edmonton.

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

Tuesday, October 8, 2013

Buying A Condo In Downtown Edmonton!

Buying a condo in Downtown Edmonton can be tricky.  With so many factors to consider, how does one choose? And what guidelines should one use to choose the best for relatively reasonable price?  Well, the opinions can vary from realtor to realtor, but there are some fundamentals one should consider.  So here we go! Some thoughts on the subject I would like to share with you.




1.      When you purchasing a condo, you are not only buying the unit but also the building.  As common property expenses are shared by all the owners based on unit factors, many buyers fall in love with the property on inside and disregard the building or the entire condo complex. (note: the bigger the unit the more unit factors and voting power the owners will have as well as their share of the expenses).  So make sure you do your homework regarding the entire property, its structural deficiencies, financial situation and so on.

2.      Low condo fees do not always express the true nature of the property.  Good examples are: brand new buildings which are being sold by the developer/builder.  Guess what, most of the new construction will lure you in with promises of low condo fees, however, what they are not telling you is that the developer is paying all utilities and expenses till majority of the units are sold out and the board of directors with the new appointed management company takes over the control of the property.  Once the builder is gone, the board faces the classic scenario of increasing the condo fees drastically within a year or two to cover all the operation expenses and contributions to the reserve fund.  Also, most of the buildings in the Downtown area will include all utilities, some even power, and others no utilities at all.

3.      Concrete or wood structure?  Well, if I had to choose I would go with concrete but that is not always a rule of thumb.  Concrete buildings tend to be better for sound proofing and are most of the time cooler in summer.  The amount of common property space per unit factor can be less expensive to maintain compared to low-rise wood structure apartment condos.

4.      Location is everything.  Some of the most popular spots for Downtown & Oliver would be: definitely 104 street and north of Jasper Ave where you will find: the Icon Towers, Century, upcoming Fox high rise, Philips Lofts, the Ten, and further down on 105 street: the Quest, Legacy, 5th Street Lofts. 104 and 105 Street south of Jasper Ave and next to the river valley:  Omega, Hillside Estates, River Vista, Peregrine Point, Vivacity, Marquise, and upcoming Symphony on 106 street.  Also very popular is the condo belt  between 109 and 112 street with the Cosmopolitan, Alta Vista, Railtown, Venitian, Imperial, and Meridian Plaza.  Further to the south of Jasper Avenue on 110 and 112 Street: Grandin Manor, Westwind Estates, Madison, Savoy.  And definitely more new construction  west on Jasper towards 117 street: Illuminada towers, Serenity, Uptown Estates, and the upcoming Pearl Tower.  These are just some of the names and locations you will come across.

5.      Parking is always a consideration in the Downtown core.  A majority of the condos will come with one parking stall, some may be outside (most of the time they are energized), some underground, and some parkade and maybe secured or not.  Be aware when you look at listings online and you note “2 parking stalls” clarify upfront whether the stalls are separate from each other and not tandem (one behind the other).  Tandem parking is of less value and more inconvenient that separate stalls.  So what is the value of a parking stall? That can vary on many factors, usually an underground parking stall in newer building may run you anywhere from $10,000 to $30,000 and higher depending on demand and availability. You may also want to consider the amount of visitor parking that the building or the condo complex has.  It can get expensive really quick for your family members and friends to come and visit you.

6.      Special Assessment/Condo Levies <<< click the link to an article that I wrote on August 30/2011.

 

These are just a few points to consider when purchasing a condo in Downtown Edmonton.  Make sure you do your homework and work with right people who have the knowledge of the Downtown market, the buying process, and of course representing your best interests.  Even though there is much greater transparency now due to the internet and social media, its having the ability and knowledge to filter through all the information to make an intelligent and low-risk choice. 

 

Wednesday, October 2, 2013

Downtown Edmonton Real Estate Market Update

Downtown & Oliver condo prices and average days on the market are up in September of 2013, while number of sales and inventory are down!

52 condos have sold on the MLS® in Oliver and Downtown area in September of 2013, 26 less than last month and 5 more than in September of 2012. The selling price ranged from $131,000, 502 sq.ft. condo in the Residence high rise, to $709,900, one bedroom, 1,604 sq.ft two storey loft in the Seventh Street Lofts.

The average selling price was up by 3.5% from last month and 12% up from September of 2012. The price per square foot was actually down by $6 to $291. The inventory has decreased from 253 to 243 condos available. The average selling price was $287,454 and average list price $289,007 and $302 per sq ft. Current days-on-market are up to 59 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 4.6 months, an increase from last month of 3.2.










Monday, September 30, 2013

SOLD! $254,900 New Listing In Parliament Plaza, Rossdale Edmonton

SOLD! Address: #311 9640 105 Street

YOUR RIVER VALLEY LIFESTYLE AWAITS!  This 2 bedroom + 2 full bath condo in Parliament Plaza is perfect for students or professionals.  Main features are: spacious living room with gas fireplace, generous kitchen and dining area, in-suite laundry, and sliding doors which lead to a covered balcony overlooking Telus field.  Master bedroom offers 4pc en-suite and walk-in closet, while the 2nd bedroom is beside the main bath.  You will enjoy your air-conditioning in the summer and heated underground parking stall in the winter.  All utilities included in condo fees except power.  Pet friendly and visitor parking.  This fantastic location will be your epicenter to the River Valley, Muttart Conservatory, Legislature, and Downtown core with all the shops, galleries, and fine dining.  Convenient  to U of A, Grant McEwan Campus, and NAIT via ETS.  SMART MOVE!


 

Thursday, September 26, 2013

Icon Condos Sold In 2013/2012, Downtown Edmonton

Icon I & II Condos Sales Report, Downtown Edmonton

In the last 12 months, year to date, 15 condos have sold through the MLS® system in the Icon I & II high rise, Downtown Edmonton. 

5 one bedroom plus one bath Icon condos have sold for the average selling price of $305,100 / $392 per square foot and list price $312,560 and $401 per square foot. Highest selling price was $318,000 and lowest $294,000.  It took on average 43 days for these properties to sell, while sold-to-list price ratio was 97 percent.  Average size: 776 sq.feet.
 
 6 two bedroom plus two bath, 941 sq.foot units have sold for the average selling price of $398,782 / $423 per square foot and list price $407,883 and $433 per square foot. Highest selling price was $420,000 and lowest $368,000.  It took on average 75 days for these properties to sell, while sold-to-list price ratio was also 97 percent.  Only 1 two bedroom unit size 1,123 sq.feet sold for 436,884.

In addition, 3 two bedroom plus two bath, 1,238 sq.foot units have sold, all 3 in Icon II, for the average selling price of $537,033 / $433 per square foot and list price $539,700 and $435 per square foot. Highest selling price was $569,100 and lowest $520,000.  It took on average 35 days for these properties to sell, while sold-to-list price ratio was 99 percent. 




 
 
I have 100’s of potential buyers searching my websites daily for condos in Downtown and surrounding area!


Find out what your condo is really worth and CALL ME TODAY at 780-220-4224 or get a free online condo evaluation by email within 24 hours!

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

Wednesday, September 25, 2013

Brownstone Townhouses Sales Report

Brownstone Townhomes - Location: Rossdale Edmonton

In  the last 12 months, 5 townhouses have sold through the MLS® system in the Brownstone complex, ranging in selling price from $439,000 to $575,000.

The average selling price for these river valley properties was $505,300 and $326 per square foot and list price $517,720 and $334 per square foot. It took on average 36 days for these homes to sell, while sold-to-list price ratio was 97 percent.  Average size of these sold Brownstone townhouses was 1,561 sq.feet.
 
 
I have 100’s of potential buyers searching my websites daily for similar properties in Rossdale and surrounding area!
 

Find out what your property is really worth and CALL ME TODAY at 780-220-4224 or get a free online property evaluation by email within 24 hours!


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

Tuesday, September 24, 2013

The Residence Condos Sales Report

The Residence Condos - 9730 106 Street, Downtown Edmonton, T5K 1B7

In 2013, year to date, 5 condos have sold on MLS® in the Residence high rise, ranging in selling price from $130,000 to $150,000.

The average selling price for these Downtown condos was $135,900 and $274 per square foot and list price $141,920 and $285 per square foot. It took on average 37 days for these properties to sell, while sold-to-list price ratio was 95 percent. 
 
Comparably, in 2012, also 5 condos have sold on MLS® in the Residence, ranging in selling price from $122,000 to $145,500.

The average selling price for these units was $130,500 and $267 per square foot and list price $134,820 and $275 per square foot. It took on average 44 days for these condos to sell, while sold-to-list price ratio was 96 percent. 

 
Find out what your condo is really worth and contact Derek Hulewicz, REALTOR®, at 780-220-4224 or get a free online condo evaluation by email!

 
I have 100’s of potential buyers searching my website daily for condos in Downtown and surrounding area!

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

Wednesday, September 4, 2013

Downtown & Oliver Real Estate Market Update

Downtown & Oliver condo prices, inventory, and average days on the market are down in August of 2013, while number of sales are up!

78 condos have sold on the MLS® in Oliver and Downtown area in August of 2013, 6 more than last month and 16 more than in August of 2012. The selling price ranged from $82,000, 344 sq.ft. studio in Oliver Ridge, to $845,250, three bedroom, 1,604 sq.ft penthouse in the Quest.

The average selling price was down by 6.2% from last month and 4.7% up from August of 2012. The price per square foot was also down by $15 to $297. The inventory has decreased from 309 to 253 condos available. The average selling price was $277,383 and average list price $286,393 and $306 per sq ft. Current days-on-market are down to 53 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 3.2 months, a decrease from last month of 4.3.










 

Wednesday, August 14, 2013

Vivacity Condos Sales Report 2013/2012


In the last 12 months, 8 condos have sold on MLS® in the Vivacity high rise, ranging in selling price from $263,000 to $710,000.

The average selling price for these Downtown condos was $404,750 and $355 per square foot and list price $416,487 and $366 per square foot. It took on average 45 days for these properties to sell, while sold-to-list price ratio was 97 percent.  Average size of the sold Vivacity condos was 1,151 sq.feet. 
 
 

CMA REPORT: If you would like to see current listings and which condos have sold and for what price in Vivacity or any other building in the area, click >>> Homes Sold in Edmonton <<< and we will send you the sales history free with no obligation.

Find out what your home is really worth and contact Derek Hulewicz, REALTOR®, at 780-220-4224. 
 
All data in this article has been provided by REALTORS® Association of Edmonton. 

Tuesday, August 13, 2013

Cosmopolitan Condos Sales Report 2013

In 2013, year to date, 10 condos have sold on MLS® in the Cosmopolitan high rise, ranging in selling price from $341,500 to $380,000.

The average selling price for these Downtown condos was $359,400 and $341 per square foot and list price $366,420 and $348 per square foot. It took on average 36 days for the properties to sell, while sold-to-list price ratio was 98 percent.  Average size of these sold condos was 1,063 sq.feet. 
 
 
CMA REPORT: If you would like to see current listings and which condos have sold and for what price in the Cosmopolitan or any other neighbourhood, click >>> Homes Sold in Edmonton <<< and we will send you the sales history free with no obligation.

Find out what your condo is really worth and contact Derek Hulewicz, REALTOR®, at 780-220-4224. 
 
All data in this article has been provided by REALTORS® Association of Edmonton. 

Saturday, August 3, 2013

Downtown & Oliver Real Estate Market Update


Downtown & Oliver condo prices are down slightly, while number of sales, inventory, and average days on the market are up in July of 2013!

72 condos have sold on the MLS® in Oliver and Downtown area in July of 2013, 6 more than last month and 7 more than in July of 2012. The selling price ranged from $100,500, 448 sq.ft. one bedroom condo in the Glenora Manor, to $683,000, three bedroom, 2,500 sq.ft condo in Oliver Mews.

The average selling price was down by 3% from last month and 12% up from July of 2012. The price per square foot was also down by $2 to $313. The inventory has increased from 302 to 309 condos available. The average selling price was $295,437 and average list price $304,937 and $323 per sq ft. Current days-on-market are up to 58 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 4.3 months, almost the same as last month.
 
 
 
 
 

 

Wednesday, July 24, 2013

Future Arena And Its Impact On Downtown!

CBC Interview with Gareth Hampshire and Derek Hulewicz about the impact of the future arena on Downtown and its real estate.

Thursday, July 4, 2013

Downtown & Oliver Real Estate Market Update


Downtown & Oliver condo prices and number of sales are up slightly, while inventory and average days on the market are down in June of 2013!

66 condos have sold on the MLS® in Oliver and Downtown in June of 2013, 2 more than last month and 3 more than in June of 2012. The selling price ranged from $104,000, 447 sq.ft. one bedroom condo in the Glenora Manor, to $965,800, three bedroom, 2,369 sq.ft condo in the Illuminada II.

The average selling price was up by 9% from last month and 6% up from June of 2012. The price per square foot was also up by $10 to $315. The inventory has decreased from 304 to 302 condos available. The average selling price was $305,460 and average list price $314,575 and $322 per sq ft. Current days-on-market are down to 47 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 4.6 months, almost the same as last month.
 
 
 
 
 
 
 
 
 

Tuesday, June 4, 2013

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 May of 2013

64 condos have sold on the MLS® in Oliver and Downtown in May of 2013, 7 more than last month and 8 more than in May of 2012. The selling price ranged from $118,000, 624 sq.ft. one bedroom condo in the Hargate, to $610,000, two bedroom, 2,130 sq.ft condo in the Arcadia.

The average selling price was down by 11% from last month and 5% down from May of 2012. The price per square foot was also down by $9 to $305. The inventory has increased from 267 to 304 condos available. The average selling price was $276,029 and average list price $286.277 and $317 per sq ft. Current days-on-market are down to 50 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 4.7 months, same as last month.










Thursday, May 9, 2013

New Listing #203 9808 103 Street, Downtown Edmonton


$239,900  YOUR RIVER VALLEY LIFESTYLE AWAITS!  This 2 bedroom + 2 bath Downtown condo in The Horizon high rise is perfect for students or professionals.  Main features are: spacious living room which leads to dining area with sliding door to covered balcony, galley kitchen, flex space with in-suite laundry, and efficient entrance with extra storage.  Master bedroom offers 3pc ensuite and walk through closet, while the 2nd bedroom is beside the main bath.  You will enjoy your heated underground parking stall with the option to rent a 2nd space.  All utilities included in condo fees and pets with board approval.  This fantastic location will be your epicenter to the River Valley, Muttart Conservatory, Legislature, and Downtown core with all the shops, galleries, and fine dining.  Convenient  to U of A, Grant McEwan Campus, and NAIT via ETS.  SMART MOVE!


Click on the link for more info:  #203 Horizon Downtown, Edmonton

YouTube at: http://youtu.be/Rbpfpr5UGAM