Keswick Luxury Homes: Edmonton’s Newest Community

Tue, 29 Jul by The Paranych Team
Imperial Home: Keswick Community

This is one of the many homes planned for Keswick by MLC Land Edmonton

Here in Edmonton, we’ve been blessed with the sheer beauty of luxury communities, mature and new.

Just last year, a new lush, natural and beautifully designed luxury development was announced. It was planned on a scale that this city has rarely seen—a community set along the pristine corridor of the North Saskatchewan River. It gets accolades from designers, sellers and buyers alike.

Welcome to the southern Edmonton community of Keswick (pronounced Kezz’-ik).

On the southwestern stretch of the river, parallel to Ellerslie Drive, and west of 170 Street, you will find one of the finest vestiges of prime riverfront left in Edmonton. Named after a beautiful lake district in England, Edmonton’s Keswick properties bring the same luxurious living and sophisticated design. The land management was developed with sustainability and longevity in mind using a wide array of native plants and waterways that protect both riverbanks and homeowners alike.

Homeowners in Keswick have no problem getting anywhere in the city because of the access to the Anthony Henday ring road. The Ellerslie Road access also enables drivers to get to Southgate Mall, South Edmonton Common, and the Currents of Windemere shopping districts.

For avid golf fans, Keswick enjoys three nearby golf courses, allowing for even more leisure time close to home. The Whitemud Creek, River Ridge and Windemere Golf and Country Clubs are excellent options for serious or novice players alike.

Keswick Luxury Homes: Google Map

Keswick offers easy access throughout the city.

Access to these lifestyle amenities are what make the Keswick community so appealing to Edmonton luxury homebuyers. The mixture of single and multi-family homes adds diversity to the community, bringing families of all sizes and ages to the riverfront. Sound planning and design decisions were made by some of Edmonton’s leading builders and developers. Some of them include:

  • Cameron Homes
  • Landmark Homes
  • Pacesetter Homes
  • Aacropolis Estates

The Keswick neighbourhood merges sophisticated simplicity and timeless tradition in design while still letting nature breathe throughout the community. It’s a jewel like nothing we’ve seen in Edmonton, and we recommend that if you’re seeking an Edmonton luxury home, look no further than Keswick on the River. Both Valleyside and Estate properties are available, and as Phase 2 gets rolled out this year, it will be much easier to find and buy the home you desire.

And if you have any questions about properties in Keswick or other south Edmonton Homes, be sure to get in touch.

 

Edmonton Luxury Landscapes: More than Curb Appeal

Mon, 23 Jun by The Paranych Team

edmonton-luxury-landscapes

Among the luxury homes in Edmonton, owners are coming up with creative ways to plan and use their outdoor spaces. Many have already created spaces that are refined, luxurious and harmonious with their lifestyles. Having a space that complements the look and feel of a luxury home is important, but new trends suggest that there is more at play when it comes to making the right decisions for your outdoor spaces.

1. Outdoor Design Brings Value

It might be alarming to hear that many people still think that designing and creating an outdoor living space means arranging some trees and shrubs and picking up a patio set from a furniture designer or department store. With Edmonton’s short summers (and harsh winters), taking the time and resources to build a luxury outdoor space might seem, well,  extreme. But a well designed outdoor area can add considerable value to a property. Some estimate that as much as 20% of the overall value can be added to your home, with a 100-200% recovery value when you sell your property. Very few home improvements generate those high returns.

2. Outdoor Landscaping Brings Harmony

I’ve seen my share of grand designs, and they can be dramatic at first glance. But it gets awkward when visitors and guests realize that the space lacks harmony. One of the most easily overlooked details of luxury outdoor design is also one of the most obvious when it’s done incorrectly. Professionals help to plan out the placement of softscape (trees, shrubs, grasses) and hardscape (walls, water features, sculptures and walkways) to best balance the harmony of the area and the activity of homeowners and guests.

3. Outdoor Spaces Should be Versatile

One of the advantages of planning an outdoor living space is that you get ot ask the difficult questions right up front.

“How can I get use of my outdoor space in October or November, when we know that there will be snow on the ground?”

“What activities do I want to be able to perform while entertaining? Do I want to cook while still being able to attend to my swimming guests?”

A seasoned landscape planning professional will look at these questions, not as constraints, but as possibilities. Ultimately, the activities that you plan for you and your guests is critical in determining what will end up where.

Before anyone begins landscaping or even planning their outdoor space, I suggest that they think about what it is that they want to do with their outdoor space, and how they want to use it. The great thing about building an outdoor living space is that it has a very good chance of returning value, so take the time and energy required to make it exactly how you want it.

If you’re looking for a luxury home in Edmonton, or you are looking to sell your luxury home, get in touch. I’d love to have a conversation.

Edmonton Valley Line LRT

Thu, 27 Mar by The Paranych Team

Edmonton Valley Line LRT received provincial funding!

After the Alberta Government released the 2014 Provincial Budget, which did not include $365 million still needed to get the Edmonton Valley Line LRT built, many Edmontonians had their doubts the project would still go through. However, those thoughts were put to rest when Alberta Premier Alison Redford announced the province will provide up to $600 million to help finance the project. The financial aid breakdown is as follows:

  • • Up to $250 million over the course of three years under GreenTRIP.
  • • Under the new Building Canada Fund up to $150 million in matching provincial funding.
  • • An interest-free loan of up to $200 million to be repaid by The City of Edmonton over 10 years.

The Edmonton Valley Line LRT will run from Mill Woods to 102 Avenue in Downtown Edmonton. As of today, construction is scheduled to begin in 2016 and will hopefully open to the public by the end of 2020. This news was especially well received by residents in southeast Edmonton who have waited nearly a decade for an LRT expansion.

  • • Other Edmonton LRT lines include:
  • • Capital Line: from northeast Edmonton to Heritage Valley
  • • Metro Line: from St. Albert to Health Sciences LRT Station
  • • Festival Line: from Sherwood Park to Ellerslie

Check out the City of Edmonton website for more information on future Edmonton LRT lines.

Are you looking for a southeast Edmonton Luxury home? Get in touch with Team Paranych today! This team will help you find the best Luxury Edmonton real estate that fits your needs and lifestyle.

Why Choose ParanychLuxury For Your Real Estate Needs?

Fri, 28 Feb by The Paranych Team

Edmonton Luxury Market Up By 81% Since 2009

It’s no surprise that the demand for Luxury homes is rising. Alberta’s booming economy continuously attracts international buyers and fosters affluent residents. These factors put pressure on the Edmonton Luxury Market as more and more people demand Million Dollar Homes. As I’m sure you know, this increased demand will create a better inventory and more luxury real estate opportunities.

Last month, RE/MAX of Canada released their 2014 Upper End Market Trends. Some interesting points from that report can be found below:

  • Edmonton’s Luxury housing market has rose 81% since 2009.
  • Compared to other cities such as Vancouver, Edmonton’s luxury market has a price point starting at $750,000.
  • Low interest rates combined with equity gains will contribute to the Edmonton Luxury market’s healthy trend well into the rest of 2014.

Looking To Buy Or Sell Luxury Homes? Choose Our Award-Winning Team

No matter your Luxury real estate need, when you choose the executive and professional team of Rob Halabi you’re guaranteed positive results. We understand that your luxury property requires a specific, high quality marketing strategy, so we customize your marketing plan to fit your needs. We also ensure you receive maximum exposure using the following proven methods:

  • Online Media
  • Social Media
  • Mainstream Media
  • Traditional Print

If you want to buy an Edmonton luxury home, we also help you find the best executive homes or condominiums in Edmonton, St. Albert, Sherwood Park, Sturgeon and more!

For more information on how we successfully market and sell luxury homes, get in touch with us. Alternatively, you can also view the video below to learn more about our methods and approach to luxury real estate:







Hot Trends In Luxury Real Estate

Thu, 19 Dec by The Paranych Team

Looking To Buy An Edmonton Luxury Home?

This Christmas, whether you’re searching the market for your next property, or interested in making some more upgrades to your luxurious Edmonton home- knowing the latest trends can help you keep your property looking its best. We’ve gathered the Top 5 Hottest Trends in the Edmonton Luxury Real Estate market and included them below:

  1. Marble. Who doesn’t love a kitchen with beautiful marble kitchen countertops in their Edmonton Luxury property? Whether it’s a marble bath, or gorgeous marble floors, this trend is on the rise! White marble, in particular, adds an extra touch to your home’s interior that is unsurpassed.
  2. Three-car Garage. The majority of Edmonton Luxury homeowners have more than one vehicle, so a three-vehicle garage helps keep things less crowded. If you’re often entertaining guests at your Edmonton Luxury home, having the additional space doesn’t hurt.
  3. Entertainment Spaces. What’s the point of owning a Million-Dollar home if it doesn’t come with certain luxuries? Luxury Edmonton homeowners love their media rooms, saunas, and pool areas. Even a large spacious basement that can be turned into a secondary suite or “man-cave” is considered a must-have.
  4. Green Living. We’re happy to see this trend is on the rise! There is an increasing demand for “green” homes and “green” materials. This includes: environmentally friendly building materials, environmentally friendly paint, and environmentally friendly solar panels.
  5. Outdoor Spaces. There’s nothing like sitting on the roof deck or terrace enjoying an ice cold drink on a hot Summer’s day. Many of these outdoor living spaces are also incorporating fully equipped kitchen areas, outdoor fireplaces, comfortable furniture, and audio systems.

 

Are you looking for an Edmonton Luxury property that has all these hot trends? Contact The Paranych Team today for a complimentary Home Buyers Consultation. Alternatively, you can also search our Listings to fall in love with your next Luxury home.

Buying or Selling An Edmonton Luxury Home?

Wed, 20 Nov by The Paranych Team

It may be Winter, but the Edmonton Luxury Market is hot, hot, hot! All the different options in Edmonton properties can make it difficult to choose the right Edmonton Luxury home. And if you’re selling your Edmonton Luxury Home for the first time, it can be just as tough to find the Right Buyer. Thankfully, if you’re new to the Edmonton Luxury Homes Real Estate Market, ParanychLuxuryHomes.COM can be your real estate guides!

Characteristics Of An Edmonton Luxury Home

Location Matters. When looking to buy an Edmonton Luxury Home for sale, it’s all about location, location, location! Edmonton has many Luxury communities where you can find your next property to call home, so it is important to look for the area that is best suited to you and your family’s lifestyle.
Buying Or Selling A Paranych Luxury Home?
Surrounding Amenities Is the Luxury home located in Southwest Edmonton? Does it have a breathtaking view of the River Valley? Take into consideration its the surrounding amenities and how they fit into your lifestyle. For many Luxury Homebuyers in Edmonton, whether or not the home backs onto a prestigious golf course can be a deal-maker or a deal-breaker.

Uniqueness in architecture. In the market, you can choose Luxury homes of Contemporary, Modernist, Grand Victorian, and Classic Georgian styles; however, a true Luxury home must have its own unique set of qualities. Look for that special touch or feature that sets it apart from other cookie-cutter homes. Whether it’s a custom kitchen, or a custom built roof terrace, make sure the Luxury home also has excellent quality finishes and superb design.

Who Are The Luxury Home Buyers?

According to a recent article in the Globe and Mail, the majority of Luxury Home Buyers in Canada come from finance, investment, banking field, or legal fields. They range from successful entrepreneurs, large business owners, or international business owners. The average Luxury Home Buyers are between 40 to 50 years old, couples with two or three kids, and have incomes of $100,000 or higher.

Looking To Buy An Edmonton Luxury Home?

We can help you find the ideal Million-Dollar Home with all the right characteristics. Give them a call today and start packing!

Getting Your Luxury Home Ready for an Edmonton Winter

Thu, 29 Nov by The Paranych Team

There’s no denying it…winter has hit The City of Edmonton. Like most Canadian winters, the next three months will bring shorter days, colder nights, and an accumulation of snow on your driveway. Before the temperature drops even further and the windchill picks up, its important for home owners to make sure their Edmonton luxury homes are ready.

How is your furnace and heating system doing? When was the last time you dusted your baseboard heaters? Although seemingly small, these tasks are fundamental to maintaining a warm house during the upcoming cold snaps. Furnace filters should be cleaned once a month and replaced every three months. Keep in mind that all the repairs and maintenance will be worthless if air cannot circulate properly. So, make sure your heating vents are clear of obstructive furniture.

Want to make your Edmonton luxury home sparkle with Christmas decorations? Before you get caught up in the holiday decor, assure that your smoke and carbon monoxide detector are working properly. Both items should be approved by the Canadian Standards Association (CSA). Certification will be listed on the packaging. Testing your detectors regularly and changing the batteries often could save your family’s life. Also before decorating, assure that the extension cords you use are certified and free of any tears or cuts.

Do you have easy access to your home’s energy meter? To assure it is getting a clear and accurate reading, keep all obstacles cleared away. Items such as garden hoses, shovels and ladders should be moved before more snow falls and hides them. Keep a path cleared from the sidewalk to your meter and ensure that the gates leading to your meter are ice and snow free.
For more tips on preparing your home for the winter months visit our blog: Get Your Home Ready for an Edmonton Winter at Paranych.com.

Luxury Real Estate In The Community Of Summerside

Thu, 23 Feb by The Paranych Team

Welcome to Summerside, a newer Edmonton community located on the southern edge of the city. Summerside is recognized as a fast growing residential neighbourhood enjoyed primarily by young, growing families. While there is a small selection of condos and townhouses, Summerside’s development primarily consists of single family detached homes.  Amongst the homes there are numerous sweeping estates for those looking for a more luxury lifestyle.

Discover more about the community of Summerside on Paranych.com or search for All Summerside Luxury Homes here.

 

 

 

In The News: Edmonton House Prices Surge in Last Decade

Mon, 14 Nov by The Paranych Team

Last week, RE/MAX released a report on the current state of the Canadian Housing Market and the major changes it has undergone in the last 20 years, which was featured in an Edmonton Journal news article. The report contained information on several major Canadian real estate markets, including Edmonton.

You can read the section on the Edmonton market in the report excerpt below, or check out the full press release and downloadable report on the RE/MAX website.

Alberta, Edmonton

A red-hot economy fuelled unprecedented price appreciation in Edmonton over the past decade, but rising values have had as much to do with new home construction as they have supply and demand. Canada’s second strongest performing market – up 165% since 2000 – has seen close to $19 billion in residential building permits issued during the same period, virtually tripling values reported in the previous decade.

Average price has climbed from $124,203 in 2000 to $328,803 in 2010, peaking in 2007 at $338,636. Prices have since stabilized and regained some of the ground lost during the recession and subsequent fall out. More balanced market conditions have emerged, with buyers gaining a slight advantage.

New condominium construction has led the way in recent years, with an abundance of newer units coming on stream. Condominium now represent close to 28% of total residential housing sales in Edmonton, with an entry-level price point of $234,982 (YTD September 2011). Rental conversions have also occurred at a steady pace, given that affordability is top of mind with many purchasers. Yet, single-family dwellings remain most popular, with year-to-date (January to September) average price hovering at $325,252.

The city’s newer housing stock tends to be found in the peripheral areas, surrounding Edmonton proper. With more than 8,000 properties currently listed for sale, little movement is expected in average price in the months ahead. Although inventory levels are down somewhat from one year ago, supply remains considerably higher than the 5,500 to 6,000 units traditionally on the market at this time of year.

Renovation is on-going in the city, representing approximately just over 5% of building permits issued so far this year. Infill is a relatively uncommon phenomenon. Upscale communities such as Glenora have seen some properties priced at $400,000 to $500,000 torn down to make way for larger, custom-built homes, but, to date, the trend has yet to gain traction.

Edmonton remains one of the fastest growing metropolitan areas in the country, with a 10% increase in population in the last census, bringing the number of residents to 1,034,945 in 2006. Job opportunities remain plentiful in the area, thanks to an unemployment rate that is well under the national average. As economic performances improves, so too will the residential housing outlook.

Even Marked Up, Luxury Goods Fly Off Shelves

Sat, 06 Aug by The Paranych Team

According to an article in the New York Times, it seems that all levels of the luxury market have been steadily increasing both in price and in demand. Canada tends to reflect on a similar level when it comes to the luxury market. In the Edmonton Real Estate market, we have also seen an increased demand for high end luxury homes. Luxury homes are designed with the lifestyle needs of an individual in mind, with an unmatched quality that a standard home would have difficult matching.

This article portrays an excellent picture for where luxury goods will be moving over the next couple months. It seems prices are moving up, which is a great indicator for home prices as well. If you would like to discuss your luxury home buying or selling options  with the Paranych Luxury Home team, please contact us today.

From the New York Times:

Even with the economy in a funk and many Americans pulling back on spending, the rich are again buying designer clothing, luxury cars and about anything that catches their fancy. Luxury goods stores, which fared much worse than other retailers in the recession, are more than recovering — they are zooming. Many high-end businesses are even able to mark up, rather than discount, items to attract customers who equate quality with price.

The luxury category has posted 10 consecutive months of sales increases compared with the year earlier, even as overall consumer spending on categories like furniture and electronics has been tepid, according to the research service MasterCard Advisors SpendingPulse. In July, the luxury segment had an 11.6 percent increase, the biggest monthly gain in more than a year.

What changed? Mostly, the stock market, retailers and analysts said, as well as a good bit of shopping psychology. Even with the sharp drop in stocks over the last week, the Dow Jones is up about 80 percent from its low in March 2009. And with the overall economy nowhere near its recession lows, buying nice, expensive things is back in vogue for people who can afford it.

“Our business is fairly closely tied to how the market performs,” said Karen W. Katz, the president and chief executive of Neiman Marcus Group. “Though there are bumps based on different economic data, it’s generally been trending in a positive direction.”

Tiffany’s first-quarter sales were up 20 percent to $761 million. Last week LVMH, which owns expensive brands like Louis Vuitton and Givenchy, reported sales growth in the first half of 2011 of 13 percent to 10.3 billion euros, or $14.9 billion. Also last week, PPR, home to Gucci, Yves Saint Laurent and other brands, said its luxury segment’s sales gained 23 percent in the first half. Profits are also up by double digits for many of these companies.

BMW this week said it more than doubled its quarterly profit from a year ago as sales rose 16.5 percent; Porsche said its first-half profit rose 59 percent; and Mercedes-Benz said July sales of its high-end S-Class sedans — some of which cost more than $200,000 — jumped nearly 14 percent in the United States.

The success luxury retailers are having in selling $250 Ermenegildo Zegna ties and $2,800 David Yurman pavé rings — the kind encircled with small precious stones — stands in stark contrast to the retailers who cater to more average Americans.

Apparel stores are holding near fire sales to get people to spend. Wal-Mart is selling smaller packages because some shoppers do not have enough cash on hand to afford multipacks of toilet paper. Retailers from Victoria’s Secret to the Children’s Place are nudging prices up by just pennies, worried they will lose customers if they do anything more.

While the free spending of the affluent may not be of much comfort to people who are out of jobs or out of cash, the rich may contribute disproportionately to the overall economic recovery.

“This group is key because the top 5 percent of income earners accounts for about one-third of spending, and the top 20 percent accounts for close to 60 percent of spending,” said Mark Zandi, chief economist of Moody’s Analytics. “That was key to why we suffered such a bad recession — their spending fell very sharply.”

Just a few years ago, luxury retailers were suffering. Too many items were chasing too few buyers, and high-end stores began cutting prices. As a result, consumers awaited 70 percent discounts rather than buying right away. Sales of luxury goods fell 17.9 percent in October 2008 from a year earlier, SpendingPulse said, and double-digit declines continued through May 2009.

Read the entire article at the New York Times, Even Marked Up, Luxury Goods Fly Off Shelves

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