Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 548 (551, 584, 616) # Sales: 323 (319, 331, 323) Ratio: 59% (58%, 57%, 52%) # Price Changes: 532 (478, 455, 512) Expired/Off Market Listings: 227 (204, 224, 404) Net loss/gain in listings this week: -2 (28, 29, -111, 151) Active single family home listings: 4423 (4416, 4430, 4387) Active condo listings: 2544 (2538, 2495, 2474) Homes 4-week running average: $419k ($424k, $423k, $424k) Condos 4-week running average: $236k ($231k, $232k, $231k) 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: 551 (584, 616, 631) # Sales: 319 (331, 323, 285) Ratio: 58% (57%, 52%, 45%) # Price Changes: 478 (455, 512, 559) Expired/Off Market Listings: 204 (224, 404, 195) Net loss/gain in listings this week: 28 (29, -111, 151, 93) Active single family home listings: 4416 (4430, 4387, 4434) Active condo listings: 2538 (2495, 2474, 2506) Homes 4-week running average: $424k ($423k, $424k, $429k) Condos 4-week running average: $231k ($232k, $231k, $232k) 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: 584 (616, 631, 556) # Sales: 331 (323, 285, 270) Ratio: 57% (52%, 45%, 49%) # Price Changes: 455 (512, 559, 399) Expired/Off Market Listings: 224 (404, 195, 193) Net loss/gain in listings this week: 29 (-111, 151, 93, 122) Active single family home listings: 4430 (4387, 4434, 4335) Active condo listings: 2495 (2474, 2506, 2460) Homes 4-week running average: $423k ($424k, $429k, $427k) Condos 4-week running average: $232k ($231k, $232k, $229k)   Have a great weekend!

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Estimating Edmonton renovation costs before you buy.

By Camillo Esposito, Owner of Independent Bath & Renovations: https://www.independentbath.com/ You found a house or a condo in a mature neighbourhood you love but it needs some attention for you to call it home. Established neighbourhoods provide mature trees and landscaping, shopping, a central location and a ton of convenience many people are drawn to. The trade-off is updates and repairs are sometimes required for homes in older neighbourhoods. The challenge becomes, how can remodelling costs be calculated to ensure the combined totals of your mortgage and improvements do not exceed your budget? Ballparking renovations can be a minefield for established contractors as the scope of work is unique…

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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: 616 (631, 556, 652) # Sales: 323 (285, 270, 355) Ratio: 52% (45%, 49%, 54%) # Price Changes: 512 (559, 399, 412) Expired/Off Market Listings: 404 (195, 193, 175) Net loss/gain in listings this week: -111 (151, 93, 122, 163) Active single family home listings: 4387 (4434, 4335, 4278) Active condo listings: 2474 (2506, 2460, 2427) Homes 4-week running average: $424k ($429k, $427k, $425k) Condos 4-week running average: $231k ($232k, $229k, $224k) Have a great weekend!

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Prices are still falling in Edmonton, but there are some positive signs in the real estate market. Inventory has dropped, listing activity has dropped and sales activity has increased. Here's our infographic for the Greater Edmonton Real Estate market in May: If you've followed this blog for a while, you may recognize the chart below, and it's due for a comeback. The chart shows that when you compare sales and prices on a year over year basis, a cycle forms. We've been in phase 5 or 6 for quite some time, where sales are lower than or about the same as a year earlier, and prices are lower. Last month we saw sales increase year over year and this month sales are up as well, pushing us into phase 8 in the cycle. We still have higher than normal…

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