Guy Pelletier - Blog - Guy Pelletier

Recent Blog Posts by Guy Pelletier
Real Estate Trends...room to excel in 2012! Edmonton and Surrounding Areas as of April 3, 2012: The month-end Multiple Listing Service® sales figures for the month of March 2012 released by the REALTORS® Association of Edmonton yesterday revealed a strong showing for Single Family Dwellings and Duplex style properties, but a slight dip or retraction on the average condo prices. The all-residential average* sales price of $335,187 ... Posted by Guy Pelletier on April 3, 2012		More
January 2012 - Buyers taking their time, sellers waiting patiently for the spring cycle… FORECAST A 6-7% growth in the real estate market shouldn’t be a stretch, taking into account that our average residential price* is only at $364,803 (for the period ending Dec 31st 2011) and with the lower interest rates and the spring market upon us, we should most likely see a $389,000 to $390,000 average residential selling price by May/June 2012. The surprising thing is that the Buyers ... Posted by Guy Pelletier on January 20, 2012		More
July 5th, 2011 REAL ESTATE MARKET REPORT For the most part The City of Edmonton, St. Albert and Surrounding Areas have been very resilient despite all the uncertainty that abounds. Since January of this year the average* price of a single family detached home has risen from $357,540 to $379,409 while the all-residential price has risen from $308,497 to $330,297. A stronger showing in prices rising consistently as compared to the levels ... Posted by Guy Pelletier on July 5, 2011		More
April 2011 - Is Hindsight 2020? Our Real Estate Market forecast is pretty close!! About our 2011 Forecast: Our prediction was: "We should begin to see an increase in values for single family detached properties commencing January 2011 with gains of up to 4% by the end of April 2011" The Outcome is: The real estate market has surpassed our earlier prediction by a 1.17% margin...as of the beginning of April 2011 we have a 5.17% increase in the Average selling Price in ... Posted by Guy Pelletier on April 4, 2011		More
Real Estate is Stabilizing and gearing up for the Spring Market… Edmonton, February 2, 2011: In Residential Properties: 1st Star: Single family homes (SFD) 2nd Star: Condos 3rd Star: Duplex/Rowhouse Property The Hardest hit Properties by Sub Type in January 2011 was the Condo and the Duplex/Rowhouse Property. The average Condo price was $220,993 in January as compared to $233,529 in December 2010. Duplex and rowhouse prices also dropped on average ... Posted by Guy Pelletier on February 2, 2011		More
Real Estate Market Forecast for 2011 for Edmonton, St. Albert and Area Forecast: From an analysis of current Real Estate Market Trends in our area and past historical data, our prediction is that we should begin to see an increase in values for single family detached properties commencing January 2011 with gains of up to 4% by the end of April 2011; especially with the good news just released by Governor Mark Carney of the Bank of Canada that he will keep the ... Posted by Guy Pelletier on December 9, 2010		More
Could we be experiencing a restoration..back to the heights of the market in 2007/2008..? A big jump in housing prices, sales and listings in March, 2010 are the right ingredients to pave the way for renewed enthusiasm for the St.Albert, Edmonton and Area Market Place. I am quite amazed at what the historical numbers reveal in relation to where we are today. Now would be a good time to invest in properties that people are tired of holding and are willing to take up to $50,000 ... Posted by Guy Pelletier on April 17, 2010		More
STEADY AS SHE GOES! February 2010 St. Albert, Sturgeon County, Edmonton and Area. Overall Real Estate Prices in the St.Albert and Edmonton area have remained stable through February 2010 due in part to a better performance by the average Duplex and Rowhouse properties, Single Family Dwellings and Acreage with Homes. There has been an increase in sales activity in February as compared to January 2010 indicating ... Posted by Guy Pelletier on March 2, 2010		More
Why so Jittery..? It’s surprising when you look back and realize that despite the ups and downs in the marketplace in general, the Single family home, Condominium, duplex/rowhousing and Country Residential/Rural Sales Prices have been fairly stable since the values dramatically increased from 2006 to 2007. For example, FOR RESIDENTIAL Single Family, Condominium, Duplex/Rowhouse, Vacant Lots ... Posted by Guy Pelletier on February 5, 2010		More
Bring Out The Bubbly for January 2010? St. Albert, Edmonton, Sturgeon County and Area All indicators point to a very likely increase in the value of properties in the St. Albert, Edmonton and Area despite a probable slight increase in interest rates on the horizon. We are currently experiencing a decline in inventory levels and a surge of buyers; there were 1,118 homes listed in December 2009 and 948 Units Sold resulting in a sales-to-listing ... Posted by Guy Pelletier on January 11, 2010		More
Single Family Homes lead the Charge ! Edmonton, St. Albert and Area December, 2009: Single Family Dwellings faring far better than Duplex and Condominium style properties … In November, the average price of a single family dwelling went up 1.2% to $368,018*, reversing a 2% drop in the previous month - thumbs up to that one! Another plus is that the total sales through the Edmonton, St. Albert and Area Multiple Listing Service® ... Posted by Guy Pelletier on December 2, 2009		More
The Fall Resale Real Estate Market is Walking Tall! November 3rd, 2009: Edmonton St Albert and Surrounding Area Although we had experienced a welcomed but yet unexpected upward spike in Resale Home Prices and Sales Volume for the Month of September 2009, the seasonal fall trend is back in the saddle again for October 2009. Subsequently, current Market Trends are experiencing a slight decline in sale prices and sales volume since ... Posted by Guy Pelletier on November 3, 2009		More
Bucking the Trend..! Edmonton Market Trend Information The strong September sales have boosted prices of both single family and condominium properties. Prices dipped slightly in August after showing steady gains all year but bounced back to mid-summer levels in September. The average price of a single family dwelling moving into October 2009 was $371,947 and condos were priced on average at $245,546 (both ... Posted by Guy Pelletier on October 5, 2009		More
Going Into September - Housing Prices and Activity has cooled in this fairly stable market (As per Projections - Last Blog Posted by Guy Pelletier @ 12:00 AM on August 12, 2009) Downside: Residential sales through the Edmonton and Area Multiple Listing Service® in August were lower than the number posted in July There were a total of 1,673 sales last month as compared to 2,277 in July (a monthly record) The average* SFD sold for $366,788 in August, down 1.6 percent from the previous month (July). Condominium prices were down in August; dropping less than one percent Upside: ... Posted by Guy Pelletier on September 2, 2009		More
Market Trends August onward from a historical perspective So far we are liking what we are seeing moving into August 2009. We anticipate the market to cool slightly into September onward as it usually does in the seasonal cycles historically...see graph below: But, July 2009 Sales were still strong in the overall Edmonton Market for the Single Family Homes – pushing up the Average Sale price of a home from $369,859 tpo $ 372,741 ... Posted by Guy Pelletier on August 12, 2009		More
Up, Up and Away..? maybe not so much, but positive vital signs! JUNE Market Update STATISTICALLY SPEAKING - Prices coming back a bit and Properties are beginning to selling faster... We had strong sales that drove the sales to listing ratio to 80% from 68% last month. Prices continue to climb with one month increases of 0.6% for single family dwellings and 1% increases for condominiums. The average days on market was 60 days or more early in the ... Posted by Guy Pelletier on July 10, 2009		More
On the upswing! April to May 2009 In the trenches, I have noticed a marked difference moving into June 2009. April and May were good months with buyers and sellers. A greater percentage of Sellers are pricing their properties strategically in the market place to Sell them not just List them and fish for an uneducated Buyer. I have been involved in numerous multiple offers once again. The difference ... Posted by Guy Pelletier on June 5, 2009		More
Could the Tide be Turning? or is it Ebbing and Flowing? POSITIVE MARKET INDICATORS: The Average Price of Single Family Home in March was $349,716, up 0.7% from February's $347,309 March Month end Listing inventory was 7,476 residential properties (down from 9,464 in March 2008) Average days-on-market was 56 days (down five from February) Condo prices increased 1.6% in March to $230,469, after a 5% drop in February The average price of a duplex/rowhouse ... Posted by Guy Pelletier on April 7, 2009		More
The Spring Market finally approaching - review of February 2009 We find that the Sellers have begun to understand that in order to sell a property in a decent amount of time, they will have to listen closer to their REALTOR's and allow them to set the fair market price. There is still the tendency to ask more than required for the property just in case an unsuspecting Buyer may just happen to bite. Not so today. The Saavy Buyer has started to ... Posted by Guy Pelletier on March 4, 2009		More
Edmonton Housing Market - how are we doing? As REALTORS® we look for signs of stabilization in order to advise our clients on what the market is up to and to where we are in the recovery and growth cycle. With The average* price of a single family home in January being $352,689 - (up a quarter of a percent as compared to December 08) and Condo prices being up 1.8% to $238,535, we are seeing good vital ... Posted by Guy Pelletier on February 6, 2009		More
Bottoming out? To get a house today at 2006 Single family home average prices, we would have to slip down to average prices of $292,829 - is that possible? In my opinion, NO. We actually only have 20% increase in housing prices in the past 2 years - 10% a year return - that sounds like a reasonable return and hasn't the land always given reasonable return? At December 2008 year end the statistics are ... Posted by Guy Pelletier on January 6, 2009		More
Buyers in the Woodwork! With the unraveling of the month of November 2008, here is the Greater Edmonton MLS Statistics: The average price of a single family residence still hovering at the $362,000 range Condos are still continuing to slide to an average price of $231,531 (at the height of the market back in June 2007 it was at $266,100 - about a $35,000 difference or a 12.9% Drop) Overall the Average residential ... Posted by Guy Pelletier on January 6, 2009		More
Ending October beginning Novermber Even while the economy is ebbing and flowing in a sea of uncertainty, right here in Edmonton Alberta the average price of a single family home stood its ground and made some headway, creeping up from October's reported average price of $362,097 to Novembers reported price of $363,274 (a .33% increase). The condo market that has been fairly stable, experienced its largest ... Posted by Guy Pelletier on November 17, 2008		More
September Ending Moving on into October Prices dropped in Single Family Homes in September on average about 1.9% equating to about a $7,093.00 drop in value, but.... LOOK AT THE SIGNS OF STABILITY: In contrast the Condos held their ground and increased in value on average from $$251,048 to $252,234! That is a good sign. Another good sign is that the Duplex and Rowhouse style properties were up 0.1% - selling on average for $315,690. A ... Posted by Guy Pelletier on October 3, 2008		More
August 2008 - September 2008 Update Good Points: Our residential sales were up 18.6% in August 2008 as compared to August 2007. New listings were down (which is good) - dropping below the 10,000 mark for the first time since March 2008 Not so good points: Our new home sales are down dramatically partially because of the wide selection of homes available through the MLS® Average prices (indicating our market trend) ... Posted by Guy Pelletier on September 18, 2008		More

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