Dear Friends,Welcome to Spring, a peak season for home sales!
New Year’s resolutions set in January have now mostly been abandoned – but the real time of renewal is here and it’s almost always good news in terms of real estate activity.
As the days grow longer and the sun gets warmer, many of us take on the big indoor/outdoor cleanup. We do it for ourselves... and -- if we’re looking to sell and move -- we do it for all those new home buyers cruising the neighbourhoods in search of showings and open houses, eager to put in a fast offer.
This month’s feature article identifies this wave of highly motivated buyers as one of the Top 5 reasons homes sell best in the Spring. Check out the other four reasons. We’re sure you’ll be excited by what you read.
Whether you’re looking for help during the next two or three months buying, selling or both, please don’t hesitate to reach out.
I’m excited to work with you.Platinum Team
Ph: (780) 271-8326
Edmonton most affordable market in Canada for single buyers, says report – Edmonton Journal
Edmonton housing sales, prices go up slightly in January: report – Edmonton Journal
Landmark Edmonton House apartment tower for sale – Real Estate News Exchange
Housing market stabilizing in St. Albert – St. Albert Today
Average Canadian house price hit $504,350 last month, up 11% in past year – CBC
SkirtsAfire (until Mar 8)
Visit Edmonton’s only theatre and multidisciplinary arts festival featuring women. Various performances and exhibitions are held in different venues in the heart of Old Strathcona, Downtown, and Alberta Avenue.
Ice Castles (until March 20)
Enjoy this award-winning frozen attraction built using hundreds of thousands of icicles hand-placed by professional ice artists.
Black Girls Leadership Celebration – International Women’s Day (Mar 7)
Celebrate International Women's Day honouring young girls who have completed the BCW's Black Girls Leadership mentoring program.
Leading Ladies Luncheon (Mar 12)
Empower and inspire Edmonton’s business community to take action to elevate women in their organizations by educating both the current and next generation of women leaders.
Avenue Edmonton’s Best Restaurants (Mar 16)
Sample, sip and savour at Avenue’s annual Best Restaurants event.
Edmonton St. Patrick's Party 2020 (Mar 17)
This year don't miss the hottest St. Patrick's Day Mega Party!
Joy Ride (Mar 17)
Gather your people and team up for a 12-hour bike-a-thon to raise funds for Make-A-Wish® Northern Alberta and the Stollery Children's Hospital Foundation.
Alberta Aviation Museum PD Day Camp (Mar 26 – 27)
Bring your kids to this new PD Day Camp program. Children ages 6-12 can sit in the cockpit of one of our aircraft, interact and play with museum artifacts, all while using their creativity and imagination to explore the world of aviation.
1. A wave of new buyers.
Spring brings an enormous wave of new buyers into the marketplace, looking for homes. These are both first-timers – many of them Millennials – and people re-sizing (either up or down as their families grow or the nest empties). They come out of hibernation on a Spring mission to upgrade their lifestyles, putting in long hours in the sunshine, looking for their next perfect home. If you’ve had your property on the market for a while, this makes it a whole new game and your best chance to close a sale. If you’ve been thinking of listing, price it right and do it now.
2. Homes show better.
With the extended daylight hours and warmer temperatures, snowbanks melt and the landscape gets greener. Because of this, homes simply “show better” in the Spring. To stage for the season, try adding flowerboxes and plants around your front entrance (see our next article for a grower’s head-start). Without question, planters can make your home more appealing to prospects. Give your property a thorough Spring cleaning. Minimize clutter and let some of the outdoors into your home, if possible. Everything should look bright and fresh, including your chances for a sale.
3. Prices spike and often peak.
This could be because people get money back from Revenue Canada in April/May. It might be because they’re more inclined to spend large sums of money during the invigorating Spring season of renewal. Or, most likely, it’s because of the wave. With more people out looking for a home in the Spring, there’s more competition for homes and a much greater sense of urgency. Heightened demand can lead to bidding wars that drive up prices.
4. Days on Market gets shorter.
As days get longer, time to sell gets shorter! Historically, homes sell faster during the Spring months than most other times of year. With more people out looking (and for more hours every day), they’re often seeing each other at showings. To avoid being out-bid on “perfect homes,” buyers tend to make their offers – and close on their purchases – faster in the Spring. Quick sales and higher sale prices tend to happen together at this time of year.
5. Moving is more fun.
If you have children in school, finding a new home in the Spring means you’ll probably be moving into it after the school year ends. A move during the more leisurely days of summer is simply more relaxing. It can even be fun. Fall and winter moves, by contrast, can coincide with horrendous weather, making it a miserable proposition. And even though we have Spring blizzards in Western Canada, the snow usually melts quickly and moves are more manageable.
Is great access to the Edmonton International Airport important to you? Do you want to live near the edge of the city in an attractive, single-family home neighbourhood (about 10 percent is duplexes)?
If so, take a look at Rutherford in south Edmonton. This community, named after Alberta's first premier, Alexander Cameron Rutherford, used to be farmland. It will soon be surrounded on all sides by quality residential development, with easy access to Anthony Henday Drive (Edmonton’s Ring Road) and Highway 2 (Queen Elizabeth II Highway, running south to Calgary).
Rutherford hasn’t lost its connection to the natural habitat, preserving it with a series of tranquil parks -- including the Virginia Park Woodland -- that dot the neighborhood.
Rutherford is bounded on the west by 127 Street, on the east by James Mowatt Trail (111 Street), on the north by Ellerslie Road and on the south by Blackmud Creek Ravine, with a line connecting the ravine to 127 Street near 25 Avenue SW.
Whether you enjoy cannabis or not, its legalization in Canada has brought some great, new products to the marketplace. You can now buy hydrogardens, for example. They let you grow plants indoors, in a water solution with air bubbles and nutrients but no soil! The roots dangle in the water.
Available for retail purchase through many home improvement retailers, these small, hard-working systems can help you produce healthy, organic lettuce and other veggies and herbs year-round in your kitchen!
Or, if you’d prefer, you can watch beautiful flowers bloom inside your rooms while the Spring snow continues to fly outside the window.
Solutions include WIFI and Alexa connectivity as well as apps that run on your smart phone. Once you’ve selected a system, all you need is water, light, seeds and nutrients. Your plants will grow faster inside your home than in than traditional gardens (and without the bugs and dirt)!