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Archive for May, 2012

Kevin Grenier Edmonton REALTOR® as heard on Shine FM

Sunday, May 13th, 2012

Download your FREE real estate app at RealHousesforSale.com

To listen to more of Kevin’s radio tips click here

Get the Buy Smart Sell Smart advantage with Kevin Grenier of Realty Executives Polaris, call today.

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®

How to decide if you should replace your windows

Sunday, May 13th, 2012

One of the most prominent features of any home is the windows. When they

are well maintained they have a positive impact on the impression people

(such as potential buyers) will have of your property. The opposite occurs,

of course, when your windows look old and worn.

So does that mean you should replace your windows?

That depends on a number of factors. Window replacement can be an

expensive renovation. Here are a few things to consider before making your

decision.

• Do your windows get frost or condensation build-up on the interior

side? This could be a sign that the windows are not keeping out the

cold as well as they should.

• Do you see water infiltration or mildew on the interior sides of any of

the window sills? This means that moisture is creeping in from the

outside, and you need to get those windows repaired or replaced as

soon as possible.

• If your windows are double-paned – (two panes of glass) – check for

any signs of moisture in between the glass panes. Moisture indicates

that the thermal seal is broken and at a minimum, the glass will need

to be replaced.

• Take a look at your windows from the outside. Is the trim rotted or

cracked anywhere? Are there dark spots or any signs of rotting on

the wood frames? Repairs or replacement may be required.

• Check the operation of your windows. Do they open and close

easily? This is important because some windows, such as those in

bedrooms, are often designed to be big enough to use as an exit in

case of a fire.

• Finally, are you happy with how your windows look? Do you feel that

your property will look significantly better with new windows?

Although they are expensive, replacing windows has a lot of advantages.

Depending on the efficiency of your current windows, replacing them could

cut your energy costs by 10-20%. In addition, new windows block out more

exterior noise, making your home quieter.

Want more tips on increasing the value, and enjoyment, of your property?

Call today.

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®

When is the best time to sell your home?

Sunday, May 13th, 2012

If you’ve been thinking about selling your home, you might be waiting until

the “market is right”. After all, if the local market suddenly booms, your

property will likely sell for a higher price.

That may be true, however, there are other factors to consider in your

decision to list.

For example, will you be buying a new home as well? If so, then the higher

selling price will probably be offset by the higher cost of the new property.

In addition, there may be characteristics of your home that will help sell it

quickly and for a good price – today – regardless of the market conditions.

A good REALTOR® will help you make the right decision. Call today.

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®

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

Thursday, May 3rd, 2012

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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, contact me at www.kevingrenier.com

 

Edmonton residential housing market sailing on calm seas

Edmonton, May 2, 2012: According to figures released by the REALTORS® Association of Edmonton, there is a sea of calm in the local real estate market. Residential sales through the Multiple Listing Service® System in April were up 5.3% from the same month last year but below average for April. There were 1,713 residential sales in April as compared to the 5-year average of 1,940 sales. There were 7,334 residential properties available in inventory at the end of April which is up 7% from last month.

“There is plenty of choice in the market at this time,” said REALTORS® Association of Edmonton President Doug Singleton. “Single family prices have risen slightly each month this year which is encouraging sellers to list their property.” He urged home buyers to remain calm, to confirm their financing arrangements and to study the market with their REALTOR®. “Of course, when your REALTOR® shows you the ideal home you should move decisively to make an offer and begin the home buying process in case another buyer is also interested.”

In April, the average residential price was up just 0.8% from last month at $337,363. The average price of a single family detached home was $382,384, up 0.9% from the previous month. The average price of a condominium in April was $235,036, up 1.3% from March. Duplex and rowhouse properties sold on average for $329,025; a 3.6% rise from the previous month. Residential prices were also up when compared to a year ago:

  • Single family up 0.4%
  • Condominium up 1.1%
  • Duplex/Row house up 8.9%
  • All residential up 2.99%

The average days-on-market in April was 50 days (down three from March) and the sales-to-listing ratio was 53% (up 2% from last month); both indicators reflecting increased market activity. REALTORS® participated in the sale of $578 million worth of residential property last month and total MLS® activity for the year is $1.5 billion (up 15% from 2011 YTD).

“If a change in your lifestyle requires a change of address, then this a great market to be in,” said Singleton. “Choice of neighbourhoods, variety of housing types and stable pricing may not be available in every market but they are features here in the Edmonton area.”

-30-

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

April 2012

 

M/M
% change

Y/Y
% change

SFD2 average selling price – month

$382,384

0.90%

0.40%

SFD median3 selling price

$365,000

1.40%

2.20%

Condominium average selling price

$235,036

1.30%

1.10%

Condominium median selling price

$223,250

1.50%

1.50%

All-residential4 average selling price

$337,363

0.80%

2.99%

All-residential median selling price

$327,000

1.60%

3.80%

# residential listings this month

3,253

-0.50%

1.90%

# residential sales this month

1,713

1.40%

5.30%

# residential inventory at month end

7,334

7.10%

-4.90%

# Total5 MLS® System sales this month

1,926

1.80%

6.20%

$ Value residential sales this month

$578 Million

12.50%

8.40%

$ Value of total MLS® System sales – month

$667 Million

24.70%

0.20%

$ Value of total MLS® System sales – YTD

$2.2 Billion

49.40%

21.70%

2 Residential includes SFD, condos and duplex/row houses
3 Single Family Dwelling
4 The middle figure in a list of all sales prices
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 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.