Mike Muranetz

EDMONTON HOUSE HUNTING

Edmonton's Advanced Marketing REALTOR®

The Edmonton Real Estate Blog, Market Information, Advise & Opinion

I have listed a new property at 27 16823 84 ST in Edmonton.
*Virtual & private showings available* This beautiful 1,071 sq ft, 3 bed, 1 & 1/2 bath home has so much to offer. Kitchen has abundant counter space, maple cabinets and includes all appliances. Open concept, the full sized living room has cozy gas fireplace & sliding doors to the sunny south facing patio. Large master bedroom includes spacious walk-in closet big enough for his and hers. Other 2 bedrooms are a good size while main bath finishes this level. Unspoiled basement is ready for your personal development. Save on energy bills with newer HIGH EFFICIENCY FURNACE, Heat Recovery Ventilator (HRV) & newer TANKLESS HOT WATER ON DEMAND with WATER SOFTENER. No more winter scrapping with attached insulated garage. Complex has plenty of visitor parking for your friends & family. Easy access to Edmonton Military Garrison, shopping, parks & public transit. Situated in well managed & pet friendly complex w/low condo fees of $265/month & over $400k in the Reserve Fund. With super quick possession, this home shows great & is ready for its new family.

Call Mike at 780-242-5229 or email him to view this home

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I have listed a new property at 2354 139 AVE in Edmonton.
*Virtual & private showings available* Beautiful 3 bedroom, 1.5 bath, 1035 sq ft, 2 storey townhouse condo in family community of Bannerman. The kitchen offers dark cabinetry, plenty of counter tops, decorative back splash, & stainless steel appliances including microwave hood fan. Dining room is large enough for entire family with newer patio door to the fully fence patio area perfect for children or pets while the living room is a decent size. 2 piece bathroom just off main entry finishes this level. Upstairs is good size master bedroom with plenty of closet space, 2 more bedrooms and main bathroom. Fully finished downstairs has “L” shaped family room, a perfect playroom for little people! There is also a utility room for laundry & main storage plus secret storage area by lifting hinged bottom staircase. Features are low condo fees of $225 per month, close to all shopping, public transit, Bannerman elementary school & parks. If you are starting your journey onto home ownership, you should rank this family home number 1 on your must see list!

Call Mike at 780-242-5229 or email him to view this home

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I have listed a new property at 1751 62 ST in Edmonton.
*Virtual & private showings available* Located in quiet neighbourhood, this beautiful 4 bed, 2 1/2 bath, 1203 sq. ft. bungalow has much to offer. As you enter, you will notice the sunken living room with wood burning fireplace & electric insert. Eat in kitchen with ample cupboard space, counter tops and includes all appliances. Large dining room is perfect for big family eating and has patio doors to the large deck. Master bedroom features laundry chute & 2 piece ensuite while other 2 bedrooms are good size. Fully finished basement with recreation room then family room with second wood burning fireplace. Fourth bedroom, 3 piece bath & laundry room with deep tub roughed in finish this level. Out back is the fully fenced mostly chain link yard, double car insulated garage (22'x24') with 220 V panel & garden shed. Other details are fresh paint, newer triple paned windows & deck & upgraded vinyl siding with 1" extra insulation. Located close to schools & parks, this family home boasts pride of ownership throughout & should be on your must see list.

Call Mike at 780-242-5229 or email him to view this home

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I have listed a new property at 2310 320 Clareview Station DR in Edmonton.
You will be totally impressed with this beautiful 809 sq ft, 2 bed, 2 full bath, third floor condo. Cheerfully decorated with modern colors, bright and spacious home features open floor plan ideal for entertaining family & friends. Kitchen features plenty of cabinets & counter space including center island with breakfast bar & stainless steel appliances. Living room focal point is the balcony with sunny south facing view. Master bedroom is good size with walk-thru closet & full 4 piece ensuite. An excellent size, the second bedroom is next to main 4 piece bathroom. Insuite laundry with storage area plus 2 energized parking stalls nicely round out this home. As a bonus, this small pet friendly complex includes fitness & rec rooms for your enjoyment. Located just steps away from public transit with the LRT to Edmonton's downtown & U of A, excellent shopping & major through ways. Attractively priced, this home would be an excellent property for the first-time home buying professional or out of town student.
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I have listed a new property at 9911 92 ST in Morinville.
*Virtual & private showings available* Lowest priced Morinville house on the market! At 1157 sq ft, this beautiful 3+1 bed, 2.5 bath family home has so much to offer. Main level has open concept living with sunny living room bay window, newer kitchen counter tops, back splash & includes all appliances. Master bedroom is large enough for any bedroom set & features 2 piece ensuite washroom. Other 2 bedrooms are a good size & complete this level. Downstairs is huge family room with cozy natural gas fireplace & built in cabinetry with counter space. 4th bedroom and 3 piece washroom is perfect for your family teenager. Laundry area with room for shelves, laundry sink & under the stairs storage. Huge backyard has established garden & oversized 22'x28' double car garage. Other features include new paint downstairs, central air conditioning, newer windows & concrete patio area. Close to all schools and short drive to Edmonton & the Military Garrison, this family home should be ranked number one on your must see list!

Call Mike at 780-242-5229 or email him to view this home

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I have listed a new property at 4623 160 AVE in Edmonton.
*Virtual & private showings available* This is positively an affordable home for a growing family. At 1422 sq. ft, this beautiful 4 bed, 2 1/2 bath has much to offer. The large entry leads to the generous sized kitchen featuring tile flooring, oak cabinetry, corner pantry, black appliances & movable island. Living room offers laminate flooring and large south facing picture window. Convenient 2 piece bathroom finishes this level. Upstairs has good size master bedroom with walk-in closet while other 2 bedrooms also a nice size. Huge main bathroom features separate shower and soothing jetted corner tub. Fully finished basement offers family room, 4th bedroom and full 4 piece bath. Entertain family & friends on the over sized back deck with pergola. Fully fenced backyard has shed and double car insulated garage with 240 V power, perfect for your workshop toys. Located in the quiet community of Brintnell, short walk to it's park & quick access to all shopping plus Henday access, this house will be a fantastic place for young family to call home.

Call Mike at 780-242-5229 or email him to view this home

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I have listed a new property at 74 13435 97 ST in Edmonton.
You will be totally impressed with this beautiful 2 bed, 1.5 bath, 856 sq ft, 7th floor condo. As you enter this non-smoking home, you will notice the newer laminate flooring flowing throughout most of the home. Living room is a good size while the functional kitchen includes all appliances plus dishwasher. Master bedroom features a walk-in closet & 2 piece ensuite. Second bedroom is also quite large. Insuite storage with a dedicated area and it's built-in shelving. Sliding patio doors take you to the massive balcony with jaw dropping view of the downtown and surrounding area. Complex has same floor laundry just outside your front door. No more winter scraping with underground heated parking stall. Condominium contributions include ELECTRICITY, HEAT & WATER utilities. Fantastic location is just 1 block walking distance to North Gate Mall & all it's shopping, public transit and straight route to Edmonton's downtown core. With flexible possession, this home shows great and is priced right.
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I have listed a new property at 171 Brintnell BLVD in Edmonton.
Welcome to Brintnell Landing, a well run complex in a great family community. As you enter this freshly painted home, you are greeted by beautiful laminate flooring flowing thru to the kitchen. Kitchen with rich wood cabinetry has beautiful back splash & includes all appliances featuring a newer installed dishwasher. Living room has cozy stone facing natural gas fireplace. Convenient 2 piece washroom & attached garage entry which has hot & cold water taps. Enjoy the west facing back deck & the landscaped common areas with privacy trees. Upstairs is large master bedroom with walkin closet & cheater door to the over sized main bathroom. 2 more good sized bedrooms finish this level. Fully finished & professionally developed basement has large family room, 3 piece bathroom & separate laundry area w/deep washtub. This pet friendly complex is located across from a park & near Brintnell Lake walking paths. With quick possession, close to public transit, LRT & shopping, this home shows great & is priced right!
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Sold 2 Storey in Morinville

Sold Morinville 2 Storey House image


Beautiful 3 bedroom, 1.5 bathroom 2 story home in the family community of Morinville! As you enter, you will notice the living room with gorgeous hardwood flooring flowing throughout as well the sunlight flowing thru the south facing bay window. Dining area features ceramic tile flooring while the kitchen has been completely remodelled with espresso cabinetry, ample cupboard and counter space. Convenient 2 piece washroom finishes the main floor. Upstairs offers a large master bedroom, 2 other good size bedrooms & family bathroom. Basement is
partly finished with a family room area, laundry room and loads of storage. The backyard is fully fenced with patio, established raised garden beds, firepit and large shed. Located on a quiet cul-de-sac, close to schools, sports fields and easy access to major transit routes, this well maintained property will be a great house for a young family to call home.


If you like more info on this Morinville 2 storey famil home, please reach out thru my contact page.Thanks!

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I have listed a new property at 5222 48 AVE in Gibbons.
Love to entertain? At almost 1100 sq ft, this beautiful 3+1 bedroom bi-level has so much to offer. With vaulted ceiling, this open concept main floor offers a cozy living room gas fireplace, stainless kitchen appliances with microwave hood fan & floor sweep. Master bedroom & 2 good size bedrooms plus main bath complete this level. Downstairs is the incredible games room with wet bar featuring built in beer tap perfect to celebrate your sports events with friends & family. Family area, 4th bedroom, full bathroom with body wash shower and laundry room with included newer (4 years old) washer & dryer. Out back is large deck with underneath garden storage, BBQ gas line, plenty of trees for backyard privacy while out front is dedicated space for your RV parking. Other features are newer furnace (2017), central vacuum & newer garage & front doors. Small town feeling but just minutes away from Edmonton & the Military Garrison, this home boasts pride of ownership throughout & should be on your must see list!
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Morinville 2 Storey house for sale image
 
I have listed a new property at 10714 98 AVE in Morinville.
Beautiful 3 bedroom, 1.5 bathroom 2 story home in the family community of Morinville! As you enter, you will notice the living room with gorgeous hardwood flooring flowing throughout as well the sunlight flowing thru the south facing bay window. Dining area features ceramic tile flooring while the kitchen has been completely remodelled with espresso cabinetry, ample cupboard and counter space. Convenient 2 piece washroom finishes the main floor. Upstairs offers a large master bedroom, 2 other good size bedrooms & family bathroom. Basement is partly finished with a family room area, laundry room and loads of storage. The backyard is fully fenced with patio, established raised garden beds, firepit and large shed. Located on a quiet cul-de-sac, close to schools, sports fields and easy access to major transit routes, this well maintained property will be a great house for a young family to call home.
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Knowing the Perfect Time to Reduce the Price of Your Edmonton Home

Edmonton Property Price Reduction picture


In Edmonton's current Real Estate market, it's not unusual for sellers to point fingers at the REALTORS® then they point fingers at seller's unrealistic expectations for a price. It's a catch 22 situation. Sellers say, "Why don't do you do more to sell my house?" Price reductions, price improvements, price adjustments, it doesn't matter what you call it, no seller wants to hear about lowering  their asking price (frankly, I really dislike it).


Before you agree to reduce the price of your home, ask yourself these questions

    How many hits has your listing received in the MLS®?
    Do the marketing comments sell the benefits or features?
    How does the house show online; are there a lot of beautiful pictures?
    Is your signage in a prominent location, has phone numbers, plus Web site?
    Do you have a virtual tour published?
    What kind of feedback have you received from REALTORS® and buyers?
    Are you offering enough compensation to the buyer's REALTOR®?
    Have you had showings and how many?

    How many offers have you received?

    How many of your neighbours have reduced their asking prices to stay competitive?

    Has your home been on the market longer than the average Days on Market (DOM)?


Purchasing a home today in Edmonton's current Real Estate market is great. Low interest rates and plenty of inventory to choose from and if you want to sell your home, it may be time for a price adjustment.


Need a new home pricing evaluation, contact me today. I can help. 


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Is the Edmonton Area Still a Buyer's Market?


The best way to know if Edmonton or any city is in a buyers market or a sellers market is to determine the current absorption rate.


Edmonton Home Purchase with House Keys imageAn absorption rate is the rate at which homes sell in a given area during a given time period. Absorption rate is calculated by dividing the number of sales in a given month by the number of available homes for sale. It is the inverse of months of supply.

For example, if there are 20 properties listed for sale in a certain area, and 2 properties sold over the last month, the absorption rate is 10/100=10%. Which means, assuming no other homes put on the market, it would take 10 months for buyers to purchase enough properties to absorb the real estate demand. Very simple formula.

As a rule of thumb, an absorption rate of 20-25% or higher means that homes are selling quickly and the market favours sellers. Lower absorption rates mean that homes are not selling quickly and supply is much greater than demand, favouring buyers.


Saying all of this, as of this date, YES Edmonton & area is generally a buyers market but beware as some neighbourhoods are selling quickly if priced and presented correctly. If you would like more info, please comment below or reach out to me on my contact page.


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Pricing Your Edmonton Home

Edmonton pricing your home image


When determining the value of your home, there are two main ways. Comparative Market Analysis (CMA) or an appraisal.


A written justification of the price for a property, primarily based on an analysis of comparable sales of similar homes nearby normally completed by an independent third party through a bank or financial institution. When an appraisal is lower than the agreed upon price of a property and it is a CHMC mortgage, the bank or financial institution may not agree to forward funds to complete a sale, there for Real Estate negotiations begin again.

A Comparative Market Analysis or home evaluation is an examination of prices at which similar properties in the same area recently sold, properties currently on the market and properties with offers on them (pending offers). We REALTORS® perform a Comparative Market Analysis for their clients to help them determine a list price when selling their home or a price to offer when buying a home.


The true value of a home is the value of what a seller wants, what a buyer is willing to pay and of course what the bank thinks!


What are think are the steps to price your home. Please comment below or thru my contact page.

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Sold Bungalow in Baturyn

Beautiful 3 bedroom, 1274 sq ft family home with numerous quality upgrades. Entering the home, you're greeted by the front living room with huge window. Eat-in kitchen has newer dishwasher and stove and has plenty of cabinets and counter space. Sunken family room features sliding doors to back yard & cozy wood burning fireplace perfect for cool winter nights. Master bedroom is quite large and has a convenient 2 piece ensuite washroom while the other 2 bedrooms are a good size. Upgraded main bathroom finishes this level. Downstairs level is almost a clean canvas & ready for your development. A room is partly finished for a potential bedroom while there is plumbing rough-in for another bathroom just next to laundry area. Upgrades include high efficiency furnace and HWT 2018, house shingles 2018 & newer garage door. No winter scraping in the oversize double car garage with work bench, & storage shelves. Located on quiet street and close to schools & parks, this is a fantastic house for a family to call home.


If you would like more info about this Baturyn family bungalow, please comment below or thru my contact page.

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I have listed a new property at 17311 108 ST in Edmonton.

Beautiful 3 bedroom, 1274 sq ft family home with numerous quality upgrades. Entering the home, you're greeted by the front living room with huge window. Eat-in kitchen has newer dishwasher and stove and has plenty of cabinets and counter space. Sunken family room features sliding doors to back yard & cozy wood burning fireplace perfect for cool winter nights. Master bedroom is quite large and has a convenient 2 piece ensuite washroom while the other 2 bedrooms are a good size. Upgraded main bathroom finishes this level. Downstairs level is almost a clean canvas & ready for your development. A room is partly finished for a potential bedroom while there is plumbing rough-in for another bathroom just next to laundry area. Upgrades include high efficiency furnace and HWT 2018, house shingles 2018 & newer garage door. No winter scraping in the oversize double car garage with work bench, & storage shelves. Located on quiet street and close to schools & parks, this is a fantastic house for a family to call home.

Call Mike at 780-242-5229 or email him to view this home

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Sold Townhouse Condo in Bannerman

99% Renovated! At 1083 sq ft, this beautiful 3 bedroom 1.5 bath townhouse has been renovated from top to bottom. Main floor has oversized living room, newer kitchen, generous size dining area & convenient 2 piece washroom. Upstairs is huge master bedroom with wide closet, 2 good size bedrooms & family bathroom which completes this level. Basement has huge family room with dry bar while laundry area has room for craft/sewing area & extra storage. New upgrades include BRAND NEW FURNACE, fresh paint through out, light fixtures, electrical switches & plugs, all flooring, toilets, refinished tub, HWT & more. Latest complex upgrades are newer windows, shingles & covered eavestroughs w/elongated downspouts. Private fully fenced back yard is great for kids & pets. Bonus is 2 parking stalls both numbered #82. This family complex includes fenced playground with kiddie swing set. With great location & super quick possession, this home is perfect for a young family to begin their journey of home ownership.


If you like more info on this sold 2 storey townhouse in the Bannerman Edmonton, please comment below or contact me.


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Sold Apartment Condo in Pembina

Here is the BEST deal this side of the River! Welcome home to luxury living in Palisades Park Villas! Coming in at just under 1000 square feet of living space, this is one of the largest floor plans here and to sweeten the deal: it's priced well below the City Tax Assessment! This stylish condo has so much to offer its next owner! You'll love the open-concept floor plan, and a stylish kitchen offers plenty of room to get your gourmet on and you'll have plenty of storage in the abundant cabinets, plus a ton of counter space! It's open to your massive living room where you'll enjoy plush carpeting and a patio door that leads out to your balcony which makes a perfect place to sip that morning cup of coffee! You'll also have 2 of everything!! 2 Bedrooms, 2 full bathrooms, and 2 titled parking stalls! Yep, life's better in 2! So why not double up on the finer things?! Finally, the cherry tops this cake with A/C, a BBQ gas line, and the super quick access to every major amenity you could want or need!


If you want further infomation about this sold Pembina apartment condo, please comment below or thru my contact page.

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Sold Half Duplex in Westpark Fort Saskatchewan

Beautiful 3 bedroom, 2.5 bath, 1530 sq ft half duplex in the family community of Westpark. Large entry leads to modern open floor plan & convenient 2 piece washroom. Living room offers laminate flooring, large window & cozy natural gas fireplace for those cold winter nights. Kitchen features centre island with breakfast bar and plenty of cabinetry & counter space and includes all appliances. Upstairs, master bedroom has double entry doors with walk-thru closet leading to main bathroom while other 2 bedrooms are also a good size. Unusual for this style of home is a huge bonus room, perfect for the family's TV/play room. Fully finished basement has large rec room and 3 piece bathroom. Completely fenced backyard with 2 tiered deck & firepit area is great to entertain friends. Short distance to parks & walking trails but still close to transit routes to the big city, this would be a great house for a young family to call home.


For more info about this Westpark neighbourhood half duuplex in Fort Saksatchewan, please comment below or contact me.

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I have listed a new property at 42 Caragana WAY in Fort Saskatchewan.
Beautiful 3 bedroom, 2.5 bath, 1530 sq ft half duplex in the family community of Westpark. Large entry leads to modern open floor plan & convenient 2 piece washroom. Living room offers laminate flooring, large window & cozy natural gas fireplace for those cold winter nights. Kitchen features centre island with breakfast bar and plenty of cabinetry & counter space and includes all appliances. Upstairs, master bedroom has double entry doors with walk-thru closet leading to main bathroom while other 2 bedrooms are also a good size. Unusual for this style of home is a huge bonus room, perfect for the family's TV/play room. Fully finished basement has large rec room and 3 piece bathroom. Completely fenced backyard with 2 tiered back deck & firepit area is great to entertain friends. Short distance to parks & walking trails but still close to transit routes to the big city, this would be a great house for a young family to call home.
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Mike Muranetz
Cell: 780-242-5229
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.