Ambergate Edmonton Real Estate Blog

General Comments

The Alta Vista in Railtown towers were built by Christensen Developments in a postmodern style. Construction of the north tower commenced in 2004 and was completed in 2005. The south tower was completed in 2008. Residents of these concrete constructed 12 floor towers enjoy underground parking, storage, a gym, a guest suite and close proximity to all of the amenities in the Edmonton downtown core. Note that this is an 18+ complex. Pets are allowed with board approval. 

Market Overview

At the time of writing, (May 13th, 2015) there are 15 units for sale across both towers, for an average value of $423,266. The least expensive unit is priced at $328,000 and the most expensive is $649,900.

Over the last 12 months the

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Situation

After spending many years raising their family in this home, Eden and her husband Gilbert were finally ready to downsize. They built a smaller home not far from this one in Wildrose. However, when it came time to sell, they did not want to pay full REALTOR® commissions. However, they were not confident about trying to sell by themselves. The Ambergate Realty Advisors program was an obvious fit.

Result

After putting our exclusive 5 phase home marketing program to work, we sold Eden and Gilberts home after only 7 days for 97.8 % of list price & saved them more than $5780 in commissions.

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Situation

Randy purchased this house as a rental. After several years of successful land lording he decided to sell and take his profits. The home was pretty tired so he spent the time and money renovating it and staging it. Randy is a very determined man and in the past, he had used the Comfree program and with mixed results. He always felt that something was lacking. On this occasion after advertising on Kijji with no success, Randy was referred to Ambergate Realty Advisors by his son Jeff.

Result

After a reasonable time on the market we created 2 offers. The second offer was acceptable to Randy and the house was sold. Randy was very concerned about saving money on commissions. In this case, we negotiated full market value and saved him

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Metro Edmonton *

 Qtr. 1 2014

 Qtr. 1 2015

 % Change

       

 Number of Homes Sold

3288

2919

89

       

 Average Prices

$366702

$378547

103

       

 Days on Market

46

43

 
       

* Source Edmonton MLS System Edmonton, Sherwood Park & St Albert 

Are you waiting it out? Hoping that the metro Edmonton home market will crash and that you can pick up a bargain perhaps later this this year or next year? My advice? Don’t wait!

Despite what you may have heard in the media, the Edmonton area real estate market

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At this time of the year in Edmonton many people contemplate the possibility of firing their landlord and buying their first home.

The current glitch in the Alberta economy is making some potential buyers second guess themselves. Are you one of these people? Are you wondering if your job is secure? Whether you pay rent or a mortgage, it’s still a commitment you must face, so it might not matter about your job security, at least in the long term.

And what about home and condo values? Are you hoping that they will crash? Not likely. Just a few days ago, I compared values for Edmonton area homes sold 30 days back with the same period in 2014. Guess what? Values were still 2.75% UP on the same time last year.

Owning over Renting - The Cons

1.

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Situation

Tina need to sell her home quickly due to some life changes, but she did not have very much equity. She wanted top quality advice and results, but could not afford to pay a traditional REALTORS® high commissions. The Ambergate Realty Advisors program was an excellent choice for her. Tina received the very best advice, top class marketing, but paid a fraction of what she might have been charged elsewhere.

Result

How did things go? Our program created 4 offers, we negotiated full market value for Tina and saved her several thousand dollars in commissions.

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Situation

Piotr and Alimiada had tried working with a traditional REMAX REALTOR® and with Comfree. In both cases, they had failed to find a suitable buyer for their home in Cameron Heights. They desperately needed to sell so that they could move onto the next stage of their lives enjoying a peaceful retirement in British Columbia. In the end, they turned to Ambergate Realty Advisors.

Result

We put our exclusive marketing program into action. We generated multiple offers and eventually sold the home direct to a purchaser. And the best part? We saved Piotr and Alimiada more than $13,500 in real estate commissions.

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General Comments

These concrete framed towers located on 104th Avenue, and just north of Jasper Avenue, here in Edmonton are situated in what remains of the city's ‘warehouse district’ sometimes known as the ‘Fourth Street Promenade’. The North tower (Icon 2) has 30 floors and the South Tower, (Icon 1) 35 floors and they are easily one of the current landmark buildings across the Edmonton downtown core. These modern towers sit atop a brick rendered lower podium that features retail and professional office space designed to fit into the general streetscape. This look works well. As the eye moves up the building, the ultra-modern glass surface towers appear to launch right out of the roof for a dramatic effect. Built by Langham Developments, Icon 1

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Stuart was outstanding to work with. Very positive experience and I would definitely recommend him to anyone looking for a realtor. Very prompt and professional service and was able to seal a deal for us quickly. Thanks so much!
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Getting access to listing information is easy these days. A quick Google search and you have found a website that will give you access to almost all of the condo and house listings in the metro Edmonton area. And if you set up a search, you will get new listings pouring into your email box several times a day.

BUT – here’s the problem. Everyone can get this data. So what? You might be asking. Why is this a problem? The problem is that you will be competing against all the other buyers out there.  Rarely do sellers put their homes on the market at under market value. And if they do, what happens? You will have to act quickly and will almost always be in a multiple offer situation. Your chances of purchasing at a discount are slim.

So where is the

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