National headlines have focused on record real estate sales recently, and the Greater Edmonton Area is no exception - we haven't seen this many sales in August since the boom in 2006. After peaking in July, single-family sales in Edmonton came back down to normal levels in August while sales outside Edmonton skyrocketed. Sales in our neighbouring cities and towns such as St. Albert, Sherwood Park, Beaumont and Spruce Grove were up 66% compared to last year which lifted the overall Edmonton CMA sales up 20%. This is a trend we're seeing across North America as many people working from home don't feel the need to be as close to their workplace, and are opting for more space further from the core. According to an internal poll, the majority of buyers 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: 517 (534, 527, 504) # Sales: 289 (298, 309, 320) Ratio: 56% (56%, 59%, 63%) # Price Changes: 377 (346, 363, 374) Expired/Off-Market Listings: 191 (197, 203, 302) Net loss/gain in listings this week: 37 (39, 15, -118) Active single-family home listings: 3449 (3427, 3391, 3376) Active condo listings: 2377 (2336, 2345, 2312) Homes 4-week running average: $428k ($428k, $428k, $429k) Condos 4-week running average: $222k ($220k, $219k, $219k) Have a great weekend!

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We are open and ready to help; whether you need a totally contact-free experience, would like to limit contact, or are comfortable with physically distant meetings, we can and have done it all, and will happily adapt our process to meet your needs. The city of Edmonton mandated the use of masks in public spaces on August 1 (and most surrounding areas followed suit shortly after), but this does not necessarily mean masks must be worn inside private residences. We've helped hundreds of clients buy and sell homes safely in the past few months and in our experience buyers and sellers in the Edmonton area have been very conscientious and flexible. Here are some of the ways we can help you stay safe:

Contactless or Physically Distanced Listings

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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: 534 (527, 504, 483) # Sales: 298 (309, 320, 318) Ratio: 56% (59%, 63%, 66%) # Price Changes: 346 (363, 374, 325) Expired/Off-Market Listings: 197 (203, 302, 202) Net loss/gain in listings this week: 39 (15, -118, -37) Active single-family home listings: 3427 (3391, 3376, 3429) Active condo listings: 2336 (2345, 2312, 2339) Homes 4-week running average: $428k ($428k, $429k, $426k) Condos 4-week running average: $220k ($219k, $219k, $217k) Have a great weekend! [gallery columns="3"]

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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: 527 (504, 483, 533) # Sales: 309 (320, 318, 356) Ratio: 59% (63%, 66%, 67%) # Price Changes: 363 (374, 325, 357) Expired/Off-Market Listings: 203 (302, 202, 155) Net loss/gain in listings this week: 15 (-118, -37, 22) Active single-family home listings: 3391 (3376, 3429, 3466) Active condo listings: 2345 (2312, 2339, 2339) Homes 4-week running average: $428k ($429k, $426k, $423k) Condos 4-week running average: $219k ($219k, $217k, $217k) 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: 504 (483, 533, 564) # Sales: 320 (318, 356, 347) Ratio: 63% (66%, 67%, 62%) # Price Changes: 374 (325, 357, 361) Expired/Off-Market Listings: 302 (202, 155, 176) Net loss/gain in listings this week: -118 (-37, 22, 41) Active single-family home listings: 3376 (3429, 3466, 3457) Active condo listings: 2312 (2339, 2339, 2328) Homes 4-week running average: $429k ($426k, $423k, $418k) Condos 4-week running average: $219k ($217k, $217k, $217k) Have a great weekend!

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The spring market clearly had a delayed peak due to COVID-19 this year. Our weekly stats have shown a downward trend for the past few weeks, so I expect that July was the peak of the real estate market in Edmonton this year. We have clients moving for all kinds of reasons at the moment, upsizing, downsizing, relocating, first time buyers, and everything in between; we're all spending a lot more time at home, and for some, our priorities and needs have shifted. I will update this post when the REALTORS@reg; Association of Edmonton releases its monthly report on the real estate market in Edmonton. "There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too early to say things are shifting back to pre-pandemic…

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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: 483 (533, 564, 546) # Sales: 318 (356, 347, 353) Ratio: 66% (67%, 62%, 65%) # Price Changes: 325 (357, 361, 402) Expired/Off-Market Listings: 202 (155, 176, 163) Net loss/gain in listings this week: -37 (22, 41, 30) Active single-family home listings: 3429 (3466, 3457, 3444) Active condo listings: 2339 (2339, 2328, 2319) Homes 4-week running average: $426k ($423k, $418k, $420k) Condos 4-week running average: $217k ($217k, $217k, $215k) I apologize for the delay in posting the weekly stats, we had issues with our proxy server, which were not easy to solve over the long weekend. Hopefully, this doesn't happen again. Posting…

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