I hope all is well!
As promised find enclosed the latest monthly market stats for Edmonton & Area; A very "telling" multi-year historical trend summary & Part 2 of home improvement ROI's:
Check out these activity summaries covering the real estate statistics spanning from January 2015 to "fresh-off-the-presses” July 2017 in visual graphs to give you a fast (& accurate) understanding of the "big picture" trends in the Edmonton and area Real Estate marketplace.
(If you prefer a file, it's attached)
If you, or anyone you know has any questions
Wants to know what lists and sells when and for how much in an area
Or needs a comparative market analysis for their home
Want to know more about:
Home Improvements? How REALTORS® Support our Communities?
Infill and Renovation Gross Margin Facts for areas right here in Edmonton?
Details on how to Calculate Revenue & Rental Property Costs & ROI's?
Want access to Custom Searches, Historical Data & More?
Improving your home and want to increase its value?
Roof - No bathroom, kitchen, or paint will off-set the fact that the roof is leaking. Replacing your roof can help you sell your home, and recoup 68% percent or more of its cost according to Remodeling magazine.
New Plumbing or Septic Tanks - These “invisible” items are seriously important to you as a homeowner, but upgrades are costly and buyers don't pay for a fancier model. It's unfortunate, but true. If it ain’t broke, don't fix it.
Exterior Painting - A professional exterior paint job on your home can recoup close to 75% of its costs.
Picture Perfect Gardens - Are beautiful, but many potential buyers are not "horticulturally" inclined. They won't appreciate your hard work, and won't pad their offering price to pay for it.
Entry Door - According to a study by Remodeling magazine, a steel entry door replacement was one of the best possible improvements you can make to your home. At an average purchase and installation price of $1,413, this new steel doors regularly recoup upwards of 90% of their cost
Room Conversions - Buyers will be looking for certain basic staples when they tour your home - such as three bedrooms, or two baths, or a garage. Getting rid of these expected spaces (or altering them into something unusual) may harm your resale value.
Wood Deck - Remodeling magazine estimates that wood decks cost around $10,707 and generally recoup 71.5% of their value.
Swimming Pool - A swimming pool may have no resale value at all… Reason #1? Of course, they sound nice, but pools are very expensive to maintain. Running a close second is the fear of pool accidents
My clients & customers are my #1 Priority!
If you or anyone you know needs the support of a REALTOR®, I would be honored to help!
John Fraser, REALTOR®
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