April 2018 YEG Real Estate Market Update

 

 

 Dear Friends,

Signs of spring are finally peeking around the corner with cherry blossoms coming out and the sounds of birds singing in the morning to be heard again. 

If changing the look of your home is on your to-do list this season, why not try painting the rooms of the house first? If you are stuck for colours, look no further than our guide to the hottest paint trends of 2018.

We’ve also included an update on recent developments in the local real estate market and a look at what is happening in the major cities around the country.

On a more fun side, check our list of activities that are happening around the city – many of them are spring-related and a great way to get into the groove of the warmer temperatures.

If you, your friends or family are looking to buy or sell real estate, please keep me in mind. I am happy to answer any questions and look forward to guiding you on your housing search.
Platinum Team
Ph: (780) 271-8326
Email: Sales@PlatinumTeam.ca
Web: www.PlatinumTeam.ca
Glenrose Foundation Courage Gala (April 13)
Enjoy an exclusive chef-prepared meal, cocktails, special entertainment and dancing in support of patient care at the Glenrose Rehabilitation Hospital.
Family Meals In a Flash (April 19)
Learn tips and tricks to prepare meals in 30 minutes or less.
Amanda Lindhout talk (April 20)
The Alberta journalist shares her story of spending 460 days as a hostage in southern Somalia.
Progress: Thinking through (until April 21)
An exhibit that showcases the behind-the-scenes of art.
Kamikaze FireFlies (April 21)
A crazy show of daredevils and hard-to-believe feats.
Tattoo and Arts Festival (April 27 – 29)
The best way to check out the ink with both local and international artists showcasing their work.

Calgary
Prices in Calgary have remained constant but the rate of turnover has fallen slightly this past month — sales were about 18 per cent lower compared to this time last year. The new listings in part played a role in keeping prices steady.

The average home sold for $502k this past month and there have been 3,240 new listings since this time last month while 874 homes have sold. Homes are spending an average of 38 days on the market before being sold.

Vancouver
Home buyers were less active than usual last month and home sales dipped to a historic low in February, compared to previous years — there was a nine per cent decrease compared to February 2017.

The average home sold for $1.2 million this past month and there have been 1,350 new listings since this time last month while 612 homes have sold.

Toronto
Growth has continued to pick up as we move into the spring market and selling prices are expected to follow suit soon.

More than 4,400 homes have been listed in the past month on the Toronto market and a whopping 2,531 sold in that same time period. Homes are spending an average of 17 days on the market, far below the average in other cities like Vancouver or Calgary. The average home is being sold for $850K.

A rose by another name wouldn’t smell as sweet, as the old adage goes, and the same can be said about homes. A wall by any other colour just wouldn’t suffice.

Choose the right shade for your brush can be tricky, and like anything in life, paints go through ups and downs of popularity from the burgundy oranges of the ‘70s to the darker tones of the ‘90s.

In order to decide on the most up-and-coming colours, experts delve into what’s popular in the world of fashion, arts, pop culture, and even the automotive industry to create a palate of popular paints.

Consumer Reports, a non-profit organization providing unbiased product ratings and reviews, took a look ahead at the hottest colours of 2018 to paint a home.

Using their research, we’ve compiled a list of the top five trends of paint for your home this year:

Caliente (AF-290)
A vivid, lively red that creates impressions of strength and character. Some might find it too bold for an entire room but it’s the perfect shade for details — a door, a trimming or a window frame. Reds work especially well in the kitchen.

Oceanside (SW6496)
If you can’t escape to the seaside, why not bring the vibe of the sea to you? This mysterious blue hue, with a touch of green, will bring to mind images of mermaids and seashells. Works particularly well in a bedroom or bathroom, combined with creams or whites.

In The Moment (T18-15)
A much more subtle shade of blue-green, this colour is both calming and restorative. Slightly paler than a mint green, it can be used to paint an entire room to open it up and give a feeling of more space.

Honeycomb (HGSW2133)
A rich golden yellow that is halfway between sunshine and egg yolk, this colour is energetic and cheerful. It’s best used to accent an otherwise plain room or as a backdrop to a wall that is otherwise covered behind shelves or plants.

River Rapids (29B-3)
A sea foam green that lightens up a room while not being overwhelming. Perfect for a living room that has either cream-coloured or deep, dark furniture. It adds a touch of sophistication to any room.

Acknowledgments

We want to send a special thank you to Joe and Jesslyn Michel and Chhaya Pandya for their recent referrals. Our business depends on people just like them and it is extremely appreciated!

 
 
 
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Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.