The real estate market finished out the year strong with the most sales we've seen in the Greater Edmonton Area (GEA) in December since 2007. After a rocky start, total sales in 2020 finished 3% ahead of 2019, with single-family homes in the communities outside of Edmonton - particularly St. Albert and Sherwood Park - seeing the largest gains. The benchmark price for single-family homes was up 4.1% compared to last December, while apartment-style condos continued to see declines (3.5% down from last year). The REALTORS Association of Edmonton® will hold their annual forecast on January 13 and will include a forecast from Benjamin Tal of CIBC World Markets Inc., who happens to be my favourite economist, and I will be liveblogging the event right here.…

67 Views, 1 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 178 (220, 301, 322) # Sales: 204 (186, 188, 252) Ratio: 115% (85%, 62%, 78%) # Price Changes: 84 (135, 185, 223) Expired/Off-Market Listings: 189 (208, 193, 482) Net loss/gain in listings this week: -215 (-174, -80, -412) Active single-family home listings: 2371 (2476, 2569, 2625) Active condo listings: 1950 (2007, 2052, 2055) Homes 4-week running average: $415k ($421k, $431k, $436k) Condos 4-week running average: $222k ($223k, $224k, $223k) Today is usually the slowest day of the year for us, in terms of traffic on our websites and inquiries; this is the first time I've been busy handling inquiries and requests to see…

32 Views, 10 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 220 (301, 322, 313) # Sales: 186 (188, 252, 232) Ratio: 85% (62%, 78%, 74%) # Price Changes: 135 (185, 223, 240) Expired/Off-Market Listings: 208 (193, 482, 172) Net loss/gain in listings this week: -174 (-80, -412, -91) Active single-family home listings: 2476 (2569, 2625, 2829) Active condo listings: 2007 (2052, 2055, 2222) Homes 4-week running average: $421k ($431k, $436k, $432k) Condos 4-week running average: $223k ($224k, $223k, $223k) Have a great weekend!

27 Views, 5 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 301 (322, 313, 320) # Sales: 188 (252, 232, 248) Ratio: 62% (78%, 74%, 78%) # Price Changes: 185 (223, 240, 280) Expired/Off-Market Listings: 193 (482, 172, 190) Net loss/gain in listings this week: -80 (-412, -91, -118) Active single-family home listings: 2569 (2625, 2829, 2913) Active condo listings: 2052 (2055, 2222, 2236) Homes 4-week running average: $431k ($436k, $432k, $433k) Condos 4-week running average: $224k ($223k, $223k, $225k) Have a great weekend!  

32 Views, 9 Comments

For the 5th month in a row, sales were well ahead of normal levels (well above the past 10 years) in the Greater Edmonton Area (GEA). Sales were up 27% over last year in November. Year to date sales are now 1.5% ahead of last year. I was a little concerned that new listings would continue to outpace previous years, as it was in September and October, and bring the inventory level up faster than sales. However, the listings slowed down and then inventory actually dropped 15% lower than last year. With demand increasing and supply decreasing, we saw the overall benchmark price increase by 2% and the single-family benchmark increase by 3%. The apartment/condo sector continues to struggle and the benchmark price dropped 3.5% compared to last year. Altus…

55 Views, 3 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 322 (313, 320, 377) # Sales: 252 (232, 248, 246) Ratio: 78% (74%, 78%, 65%) # Price Changes: 223 (240, 280, 257) Expired/Off-Market Listings: 482 (172, 190, 192) Net loss/gain in listings this week: -412 (-91, -118, -61) Active single-family home listings: 2625 (2829, 2913, 2992) Active condo listings: 2055 (2222, 2236, 2252) Homes 4-week running average: $436k ($432k, $433k, $436k) Condos 4-week running average: $223k ($223k, $225k, $228k) Have a great weekend!

29 Views, 0 Comments