Our preliminary look at the real estate market in Edmonton in January shows sales and prices down, after an extended period of higher than normal inventory and lower than normal demand. 369 single family homes were reported sold in Edmonton in January, down 15% from last January. Last January sales were slightly higher than normal, as buyers wanted to get into the real estate market before the new "stress test" mortgage rules came into place. If you look at January 2015-2017, the number of single family sales this January were in the normal range. 183 condos were reported sold, down 18% from last January. The average sale price of single family homes was down 5% from last January to $391,815 and the median price was down 1.3%. The average price for…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 450 (476, 450, 235) # Sales: 138 (143, 120, 113) Ratio: 31% (30%, 27%, 48%) # Price Changes: 208 (286, 248, 167) # Expired/Off Market Listings: 174 (241, 245, 720) Net loss/gain in listings this week: 138 (92, 85, -598) Active single family home listings: 3198 (3073, 2999, 2958) Active condo listings: 1892 (1858, 1809, 1762) Homes 4-week running average: $401k ($403k, $414k, $431k) Condos 4-week running average: $215k ($213k, $216k, $214k) Have a great weekend!  

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 476 (450, 235, 89) # Sales: 143 (120, 113, 68) Ratio: 30% (27%, 48%, 76%) # Price Changes: 286 (248, 167, 71) # Expired/Off Market Listings: 241 (245, 720, 174) Net loss/gain in listings this week: 92 (85, -598, -153) Active single family home listings: 3073 (2999, 2958, 3293) Active condo listings: 1858 (1809, 1762, 1983) Homes 4-week running average: $403k ($414k, $431k, $423k) Condos 4-week running average: $213k ($216k, $214k, $205k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 450 (235, 89,218) # Sales: 120 (113, 68, 158) Ratio: 27% (48%, 76%, 72%) # Price Changes: 248 (167, 71, 178) # Expired/Off Market Listings: 245 (720, 174, 306) Net loss/gain in listings this week: 85 (-598, -153, -246) Active single family home listings: 2999 (2958, 3293, 3401) Active condo listings: 1809 (1762, 1983, 2031) Homes 4-week running average: $ 414k ($431k, $423k, $424k) Condos 4-week running average: $216k ($214k, $205k, $205k) The REALTORS® Association of Edmonton held their annual forecast seminar this week and predicted another year of high inventory and low demand, which will put more pressure on prices in…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 235 (89,218, 237) # Sales: 113 (68, 158, 160) Ratio: 48% (76%, 72%, 68%) # Price Changes: 167 (71, 178, 236) # Expired/Off Market Listings: 720 (174, 306, 210) Net loss/gain in listings this week: -598 (-153, -246, -133) Active single family home listings: 2958 (3293, 3401, 3577) Active condo listings: 1762 (1983, 2031, 2068) Homes 4-week running average: $431k ($423k, $424k, $420k) Condos 4-week running average: $214k ($205k, $205k, $205k)   (*Note, the graph legend will be updated shortly to show 2019, but the new numbers are still charted on graph(s) above). Have a great weekend:)

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As expected, the real estate market was slower than normal in December. 376 single-family homes were reported sold in December - down 19% from last December. 142 condos were reported sold in December - down 32% from last year. The average price of single-family homes was down 4% from last December to $430,287 and the median price was down 0.7% to $377,750. The average price of condos was down 14% from last December to $204,349 and the median price was down 7% to $194,500. The average price per square foot for single-family homes was down $4 to $276 and for condos was down $13 to $210 from last December.  

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