Edmonton, AB Real Estate News

By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
I see this as an opprotunity to do many things like catch up on areas I am behind, tie up loose ends, complete projects that have been started and left behind....this is a great time to implement new ideas, get the paperwork cleared away and get moving onto new goals! Do I think it's slower? No. It's just different and I am fortunatly adaptable! Jill
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Probably the safest place in the world to park your investment funds. Edmonton revenue real estate is a tangible asset so it doesn't have scary fluctuations, produces cashflow which means increases in your bank account every month and is a bargain right now.
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
Having a Merry Christmas I hope? I am taking some time off from the toy explosion in the living room to hide out in my sister's office and blog. Maybe I am a new addict. This year I am starting a January Box. It's going to be a recall of the major successes, trials, ups & downs of the last year in every department of my life and business, so that next year I can measure my growth better. I am doing this because I am always trying to look back to see where I was and how far I have come and never can seem to remember the details. So -if you are so inclined to join this...feel free....a January Box listing the: success and failures, growth, new opprotunities, financial standing, assests, liabilities, relationships (or lack or them!) spiritual growth and areas that are currently being worke...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
You can get a mortgage free, fully renovated home in Edmonton if you have $11 and a good enough reason why you deserve to own it.A Edmonton lawyer/investor hopes to cover the cost of renovating a 4 bedroom house by receiving 25,000 hopefull entries  to win the previously foreclosed property. It may be an $11 lottery ticket but the chance to win a home mortgage free is a great piece of marketing and a wonderful idea.Visit The 11 Dollar House website and Facebook page.Sorry only residents of Canada can enter!
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
....another opens.I read an article today on how Hard Times Generate Entrepreneurs. Basically during an economic crunch we have to be more innovative and aggressive. Focus on a niche market within your customer base and serve them well."Small business have to adapt or die.So you have to look at your customer base, modify who you cater to if it's needed, and cater to that demand. . . . People will still need certain services, and the smaller the niche you serve, the more successful your business can be." Vance Gough, instructor of entrepreneurship at Mount Royal College's Bissett School of BusinessIn our case that would be helping people, who don't have the time to invest or to learn how, create wealth in Alberta oil sands real estate. It's pretty focused - it probably could be more focu...
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
As a former Real Estate Agent turned home stager, I have found a need to maintain my Alberta License for Real Estate in order to provide referrals to Agents. I come across many sellers as we do Home Staging consultations, who are not in an Agency Relationship yet and are unsure of how to find a great agent, so I take their information and hook them up with an Agent that is suited to their needs, location and personality. It has been a fabulous outcome for all involved. see http://www.stageandsell.ca for office information if you are interested in learning more.
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
This home was vacant and we did the whole house, of course that is the best way to go when staging a property. Here are some after shots we took. We had a few of the seller's items to work with and so that of course plays into what the final look will be. We had a great result with a sale in just a couple weeks during the downturn of the market here.   more before and afters to be seen at http://www.stageandsell.ca or http://www.edmontonhomestaging.ca  
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
Well folks. here they are the coveted before and after's-- hee hee I am so dramatic... we loved doing this job, it was a great house in a great location and the seller was open to doing things I suggested- that is always great and we had a fabulous end result. Enjoy Summer Staging at Frank's! we also have many more before and afters at http://www.stageandsell.ca or http://www.edmontonhomestaging.ca if you are interested...       Beofre --the outdated kitchen...then check this out....I love this one!   Living Room before and after...   bedrooms....      
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
We love props, as you already know and look forward to shopping sprees to add to our inventory. Props can make or break a room and so the right amount, the right colors and sizes all play into the final look. If your clients need prop rentals we can assist them! Check out our website at http://www.stageandsell.ca for details on consultations and pricing.    
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
We love accessories and use lots to show off our Staged Properties....it's important to make sure that when using accessories you do not over use them. Accessories should high light the room and NOT take away from it. There are there only to create part of the WOW factor and not all of it. We at simply irresistible interiors (see www.stageandsell.ca) have an inventory of 20+ households of accessory items and love rotating them around to create different looks.                              
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
This is the LOAD we brought in my One Ton truck....so we have Options of Course!!  It is so frustrating to be at a house, ready to get rolling on the project and find out that a trip across town to the nearest retail outlet is in order because of needing "just the right item" for a corner or a wall....so we bring ALOT of stuff to avoid this hassle and it makes the staging job more fun because of the variety and creativity!      
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
This home was listed in Stony Plain, Alberta and vacant and of course needed help...we only have after shots, but you can clearly see why the staging was valuable. The living room had a large walkway to the bedrooms, bath and kitchen running right through it and also had 2 SMALL windows facing the neighbors house, not alot of natural lighting and really no sense of proper space planning..that is until we were finished! I am so proud of my team, they are very good at what they do!            
Comments 13
By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Wikipedia, the free online encyclopedia, is useful for checking facts on everything from historical figures to rock stars to recipes. It's also a useful tool to research neighbourhoods where you are planning to invest. Pages like Neighbourhoods in Edmonton or Neighbourhoods in Calgary are excellent resources for your due diligence.For example we bought a single family residence in Crawford Plains. I was able to research the dwelling mix, what types of housing are prevalent in an area, and what schools and shopping centers are nearby. This information is important to know for your tenants and for resale. I was also able to find major roadways and transportation hubs- which may positively or negatively affect resale real estate prices.
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Housing market hit by economic uncertainty - " A report out from RE/MAX today says the global economic crunch has made an impact on housing sales in major Canadian cities towards the end of 2008. About 440 000 homes are expected to change hands in Canada this year, that's a 15 percent drop from record levels in 2007. Here in Edmonton, just under 19 000 homes will have been sold by the time 2008 is said and done with. That would mark an 8 percent drop from last year's number of 20 437. The average house price in Edmonton dropped only about a percent this year with the number sitting at $335 000. That number isn't expected to change in 2009." After all is said and done the price of average house in Edmonton only dropped 1%.  Think of your stock investments and how much they have dropped o...
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By Jill Turgeon, Vacant Property Staging Specialist
(Simply Irresistible Interiors)
Offering a new Package to the Edmonton Home Staging Market- the Seller Do It Yourself Package...for those Home Owners who are ready, willing and able to tackle their own Home Staging project. We will provide details on how you can plan, organize and complete your own Home Staging Project for your Property, please call the office at 780-968-7444 and we will book you for this detailed consultation. Also see www.stageandsell.ca and www.edmontonhomestaging.ca for details.  
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By Jason Thomas
(Royal LePage Summit)
Well December is here already. It has been a wild year for Edmonton real estate. We have seen a peak of listing inventory never seen before. Our sales have been strong for much of the year. Although November has cooled off. We are now at 8015 homes for sale, and we had 891 sales in November. To give you some perspective, normally we see 1200 homes selling in November, so the sales are off by roughly 25%. Inventory has continued to fall, this is good. I heard a rumour that Calgary's inventory was rising this fall. So, the drop in listings pattern has continued. We should see an inventory level in the 7000 range by the end of the year. The one difference I think we will see in 2009 is not as much of a run up in inventory in the first 5 months of the year. The reason I'm saying this, is th...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
CMHC posted their Housing Market Outlook for Fall 2008 earlier this month. Although media and many pundits cry bust it looks like a healthy market adjustment. Next year we can look forward to healthy sales and therefore rising resale home prices. "Existing home sales across Greater Edmonton will fall by 12.4 per cent this year but should post a moderate rebound in 2009. A relatively strong economy, lower mortgage rates, solid wage gains and the absence of further price declines will underpin a modest recovery next year. Residential sales reported on the MLS® by the Realtors Association of Edmonton (RAE) will reach 18,000 units in 2008, improving by almost three per cent to 18,500 sales in 2009. Next year will represent the fourth best year on record with sales approaching the levels rep...
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By Jason Thomas
(Royal LePage Summit)
Hope you all had a nice Halloween, it is nice to see warmer temperatures and no snow for the little ones. As for the market, October has continued the inventory decline. The sales in October did dip (1203 sales), although that is consistent with previous Octobers. If you look at the stats from the month of October back to 2004, then you will see most months result in 1200-1300 sales (the only exception being the overheated market of 2006). So, overall we are seeing very consistent results with continued strong stable demand. The one change has been the inventory decline, as you can see from the graph it is not nearly as steep as previous months. We may not see the 5000-6000 inventory level at the end of the year if this pattern continues. 7000 may be a more realistic prediction.
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
During my 6 day relaxing stay in the hospital after the birth of my son I listened to lots of BBCpod casts, read a lot of Smithsonian magazines and listened to one fantastic audio book called Change Or Die.Full of compelling stories the book illustrates that the biggest hurdles facing organizations and people is avoiding change. Among the examples: simple lifestyle changes that would save lives of heart patients, innovative ways of reforming criminals and of course our own personal beliefs and ideals that we find very hard to part with.I left the hospital not only a mother but also with a new perspective on what I need to change in my life to reach the goals I have set for myself and to be a better role model to my son.The book works as an excellent catalyst; even if your changes aren't...
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By Jason Thomas
(Royal LePage Summit)
The market continues to strengthen on both the supply and demand side. The supply of homes is now sitting at 8630 homes for sale in the Edmonton area. Down from 9612 last month. On the demand side, the number of sales have bounced up to 1719 from 1541 in August. We are now in a market with a 5 month supply of inventory. Technically we are now in a balanced market.Predictions? As I mentioned in August's wrapup, I think we will drop into the 6000 or less inventory range by the end of December. That should set us up for a strong spring market in 2009 where we could start to see price increases.
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