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Insurance Changes: Important Information for Condo Owners

Effective January 1, 2020, Condominium Corporations will be able to seek recovery of the deductible portion of the Corporation’s insurance claim (up to a maximum of $50,000) from an Owner for damages that originates from the Owner’s unit or privacy area.

2020 REALTORS® Housing Forecast
 
The Realtor Association of Edmonton held its 2020 Forecast in January. A modest increase in values is expected this year.   
  • Single Family prices are expected to rise 0.4% (average of $426,768)
  • Condo prices are expected to rise 0.2% (average of $228,339)
  • Half Duplex prices are expected to rise 0.3% (average of $334,476)

20 Exciting Design Trends for 2020

Whether it’s the latest runway looks or Pantone’s Color of the Year (everyone on board with Classic Blue?), we can’t resist the voyeuristic appeal of finding out what’s new and buzzy. Click through to see some of the trends House & Home’s design editors are predicting will be popping up in a room near you. 

Looking to Spring

Although it’s February, it’s not uncommon for condo owners to already be thinking about plans they have for the spring – like gardening, doing a home improvement or, in some cases, preparing their condo for sale. In fact, spring is traditionally a time when the real estate market starts to become more active.

With that in mind, if you hear of anyone who needs real estate help, I hope you’ll pass on my name. I receive a lot of referrals from clients and I deeply appreciate each and every one.

And, of course, if you’re entertaining the idea of selling, or just want to find out what’s possible given the current market, I’m here to help answer any questions you have or to offer any advice you need.

Whatever your plans for the coming spring, I wish you success! Remember that, as a client of mine, you’re always at the top of my list when you need real estate-related help.

All the best!
 
CORNER UNIT! CONCRETE BUILDING! CARPET-FREE! This exceptionally large, 3 bedroom, 2 bath condo with IN-SUITE LAUNDRY is spacious & airy. Features include: GAS FIREPLACE, BALCONY, AIR CONDITIONING, UNDERGROUND PARKING, FITNESS & SAUNA ROOM.  Commute to Downtown or University of Alberta or University Hospital by bike or foot in only 10 - 20 minutes. 
 

MLS® Sales & Listings Down to Open 2020

  • For the month of January, single family home unit sales are up 2.52%, and condo unit sales
    decreased 5.94% from the same period of time last year.  All residential average prices are up slightly at $351,002 a 3.85% increase from January 2019.

JANUARY STATISTICS




Sarah Leib
t. 780-913-8322

e. sarahl@remax.net
www.sarahleib.com
Brokerage:  Re/Max River City
BUY - SELL - INVEST with PURPOSE

TOP 5% MEMBER REALTORS® Association of Edmonton 2017, 2018, 2019
*Based on qualifying volume and/or units for 2017, 2018 & 2019
Read My Reviews at RANKMYAGENT


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