Wednesday, May 20, 2009

Asking Prices - Condos

Asking Prices - Condos
So, the nominations are in and the selections made. Added a couple more to represent all the new building in Terwillegar as well as to represent the university area, so we'll be tracking 12 complexes. Since we can focus on buildings/complexes with condos it should be far easier to track and find good comparables should these listings sell or expire.

I'll do the houses sometime in the next week or so when I get some time. One of our commenters, CM, also found a rather ingenious way to track the median listing price for areas, so we'll also be able to keep an eye on that. But without further ado, the condos...

Northeast - Canyon Ridge - 451 Hyndman CR complex

We have two listings, E3179050 & E3185140.
  • 1250 sqft townhomes
  • similar conditions
  • built in 2004
  • condo fees - 145/month
  • taxes - ~1,600/year
  • DOM - ~10 and 60 respectively
  • asking prices 230K and 240K
Northwest - Cumberland - 13215 153rd Ave NW complex

There are four listings in this complex, all never been lived in. Cheapest is a 1250 square-footer listed at 300K, most expensive an 1825 square-footer listed at 350K. We'll focus on the two in the middle, assuming they're the most common E3165890 and E3173613.
  • 1470 sqft townhomes
  • identical units
  • built in 2007, never been occupied
  • condo fees - 100/month
  • taxes - not available
  • DOM - ~110 and 210 respectively
  • asking price 330K per
West - Ormsby Place - 64th Ave - 178th St complex

We have two listings, E3170325 and E3185243
  • ~1040 sqft bi-levels
  • similar conditions
  • built in 1978
  • condo fees - ~240/month
  • taxes - ~1,350/year
  • DOM - ~10 and 140 respectively
  • asking prices 212K and 218K
Central - Downtown - 10125 - 109th St complex

There are currently three listings from this building. Cheapest being an 870 sqft 1 bedroom listed at 200K. Most expensive being a 915 sqft 2 bedroom corner unit listed at 245K. We'll focus on this one, E3183255.
  • ~911 sqft apartment
  • built in 1981
  • condo fees - ~330/month
  • taxes - ~1,550/year
  • DOM - 20
  • asking prices 220K
Central - Downtown - 10024 Jasper Ave complex

A ton of these lofts available, 14 to be specific. To be brief here is the price/sqft for each - 135K/465, 140K/457K, 149K/409, 149K/400, 150K/398, 150K/441, 155K/465, 157K/441, 160K/464, 175K/645, 180K/490, 189K/678, 190K/570, 300K/1135. We'll focus on E3182099 and E3179906, there is a third 465 square footer, but no pictures, so I'm suspecting that's a foreclosure and there is no telling the condition of it.
  • 465 sqft apartment
  • built in 1998
  • condo fees - ~254-320/month
  • taxes - ~900/year
  • DOM - 30 and 50
  • asking prices 155K and 160K
Southeast - Ellerslie - 230 Edwards Drive complex

There are currently four listings from this complex. All units appear to be about the same (same size, structure, fees, taxes). E3185206, E3179401, E3183029, and E3172019.
  • 1200 sqft townhomes
  • built in 2005
  • condo fees - ~125/month
  • taxes - ~1,700/year
  • DOM - 10-60
  • asking prices 240K, 246K, 247K, 260K
Millwoods - Meyonohk - 2703 79th St complex

Seven currently listed in this complex. Cheapest being a 960 square footer for 180K. Most expensive a 950 square footer for 200K (which ironically is also the smallest, and with the oldest furnishings. There are four with identical size (all with 3 bedrooms, or 2 and a den) so we'll assume they are the most common, E3184778, E3176919, E3185046, and E3177684.
  • 1119 sqft carriage homes
  • built in 1982
  • condo fees - ~280/month
  • taxes - ~1,250/year
  • DOM - 11-280
  • asking prices 190K, 190K, 190K, 200K
Southwest - Sweet Grass - 11255 - 31st Ave complex

There are currently three listings from this complex. All units appear to be about the same on paper anyway. E3170513, E3185720, E3184464. Low prices and taxes, but some rather large condo fees.
  • 800 sqft apartments
  • built in 1977
  • condo fees - ~420/month
  • taxes - ~925/year
  • DOM - 10-140
  • asking prices 130K, 135K, 140K
Southwest - Queen Alexandra - 7907 - 109th St complex

Eight of these units listed that have never been occupied in this new university area building. Range in price from a 826 square footer for 325K, to a 875 square footer for 387K. We'll look at these two, E3145626 and E3145633. Actually you only really need to look at one, since they're both totally identical listings.
  • 940 sqft apartment
  • built in 2008
  • condo fees - 390/month
  • taxes - not available
  • DOM - 60
  • asking prices 361K
Southwest - Haddow - 2503 Hanna Cr complex

Three up for sale currently in this building. Cheapest being an 1144 square footer listed at 275K. Most expensive being a 1300 square footer listed at 330k. We will give you the details on the middle sized/priced E3178631.
  • 1220 sqft apartment
  • built in 2007
  • condo fees - 340/month
  • taxes - 1840/year
  • DOM - 60
  • asking prices 325K

St. Albert - Woodlands - 260 Sturgeon Rd complex

Two very similar listings in this low rise complex. E3180356 and E3175405.
  • 1050 sqft apartment
  • built in 2002
  • condo fees - 253/month
  • taxes - 2260/year
  • DOM - 90
  • asking prices 250K per
Sherwood Park - Lakeland - 115 Chestermere Drive complex

Three units in this complex are listed. E3165443, E3180060, and E3180404.
  • 1200-1275 sqft townhomes
  • built in 2005
  • condo fees - ~115/month
  • taxes - 1875-2000/year
  • DOM - 50-210
  • asking prices 295K, 305K, 316K