$524,900 - 10137 144 St, Edmonton

Welcome to MacKinnon Estates... an award-winning condo with the character of historic Grovenor and a block from magnificent MacKinnon Ravine. The spacious design includes large windows throughout, allowing in generous amounts of natural light. A roomy entry-way leads to a large living room with 9-foot ceiling. The kitchen boasts stainless steel appliances, central island and granite counters. The large balcony is ready for summer entertaining with natural gas for the barbecue. Upstairs, the master bedroom is complete with ensuite, walk-in closet and second balcony. The home includes a convenient two-car underground garage and a finished basement. Maintenance-free stucco and sandstone exteriors and dormer-style windows on the upper level blend nicely with other stately homes in the area. Schools, shopping and recreation opportunities abound. If you desire a prime location close to downtown, with great transit (LRT coming soon) and all the convenience of condo living, you must have a look today.


10137 144 St, Edmonton Property Listing: MLS® # E3295272

Housing sales and prices stable at the end of the first quarter - REALTORS®

Edmonton, April 2, 2012: At the end of the first quarter, the REALTORS® Association of Edmonton reports that the average residential price in the Edmonton area is up 2.2% when compared to a year ago. The all-residential average1 price, at $335,187 compared to $328,094 in March of last year. Single family detached (SFD) and condominium average prices were stable year-over-year with SFD prices up 0.2% and condos down 0.7%. 

“Other markets, such as Toronto, are reporting feverish real estate activity involving multiple offers and unconditional offers but our market is calm, orderly and slowly evolving,” said REALTORS® Association of Edmonton President Doug Singleton. “Listing activity is up when compared to last year but sales and inventory are down which could indicate that market activity will pick up markedly as the summer progresses.”

On the Multiple Listing Service® System, sales and listings by REALTORS® in March were up, with 3,271 residential listings (up 23.5% from February) and sales of 1,533 (up 24.5% from the previous month). As a result, the inventory of residential properties available for sale was up 14.6% at 6,851 properties. At the current sales level, there are four and half months of inventory available. In total, there are 10,640 properties of all types (commercial, rural and residential) on the Edmonton and Area Multiple Listing Service®.

Market stability is reflected in the sales-to-listing ratio which is unchanged from month-to-month. The average days-on-market dropped in March by one day from 54 to 53 and residential properties are selling at about the same pace as this time last year on a year-to-date basis (46%).

In March, the average price of a single family detached home was $380,083, up 1.3% from the previous month. The average price of a condominium in March was $231,629, down 1.4% from the February price (last month the price of condos advanced over 8% in a month). Duplex and rowhouse properties sold on average for $319,020; a 4.1% improvement from the previous month.

“April is the start of the real estate season when people who want to buy and sell real estate are most active,” said Singleton. “There is speculation that mortgage rates will start to rise which makes it more difficult for first time buyers. However, there is lots of choice in our market with new properties coming available daily. Whatever your housing situation you can trust the advice of your local REALTOR® who is here when life happens.”

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

	March 2012	M/M % change	Y/Y % change
SFD2 average selling price - month	$380,083	1.30%	0.20%
SFD median3 selling price	$360,000	1.80%	1.40%
Condominium average selling price	$231,629	-1.40%	-0.70%
Condominium median selling price	$220,000	-2.20%	0.00%
All-residential4 average selling price	$335,187	1.60%	2.20%
All-residential median selling price	$320,500	1.10%	3.10%
# residential listings this month	3,271	23.50%	12.70%
# residential sales this month	1,533	24.50%	-4.70%
# residential inventory at month end	6,851	14.50%	-0.50%
# Total5 MLS® System sales this month	1,717	23.70%	92.70%
$ Value residential sales this month	$513 Million	26.50%	-2.60%
$ Value of total MLS® System sales – month	$592 Million	24.70%	0.20%
$ Value of total MLS® System sales - YTD	$1.47 Billion	74.50%	15.10%

3 Single Family Dwelling
4 The middle figure in a list of all sales prices
5 Includes residential, rural and commercial sales

2 Residential includes SFD, condos and duplex/row houses

* 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.

This information provided courtesy of the Realtors Association of Edmonton.
The REALTORS® Association of Edmonton (Edmonton Real Estate Board), founded in 1927, is a professional association of over 3,200 Brokers and Associates in the greater Edmonton area. The Association administers the Multiple Listing Service®, provides professional education to its members and enforces a strict Code of Ethics and Standards of Business Practice.
The Association also advertises property listings and publishes consumer information on the Internet at REALTOR.ca (formerly mls.ca), as well as in the Real Estate Weekly. The REALTORS® Association supports charities involving shelter and homelessness through the REALTORS® Community Foundation.

Low mortgage rates are attracting young buyers

(NC)—According to recent RBC Royal Bank research, 67 per cent of Canadians between the ages of 18-34 are looking to purchase their first home within the next two years.

“Buying your first home is one of the biggest life decisions you will ever make and you want to be both financially and emotionally prepared,” said Melissa Jarman, director of client strategies for RBC. “While you may qualify for a maximum mortgage amount, you should also consider how it will impact your lifestyle and other factors that are important to you.”

Jarman provides the following tips for getting started:

• Know how much you can afford—Before beginning your house search, take time to review down payment options, household income, current debt, estimated monthly housing-related costs and closing costs. An online calculator can help determine how much you can afford at www.royalbank.com/mortgageaffordability

• Work with a budget—Budgeting and setting a maximum amount on how much you are willing to spend are key to ensuring you can buy your first home and still live within your means. Online budgeting tools such as myFinanceTracker (www.rbcroyalbank.com/myfinancetracker) can help determine exactly where your money is going and how much you have to spend within the parameters you've set for yourself.

• Do your research—Friends, family members and online websites can offer you helpful tips and personal advice. Also, consider reaching out to an RBC mortgage specialist who can give you insights into your finances. This link may be helpful: https://mortgage.rbc.com.

Further advice and tips can be found at: www.rbcadvicecentre.com, or join the discussion on purchasing your first home at Facebook.com/rbcroyalbank.

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