Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 480 (371, 399, 415)
Sales: 366 (280, 242, 212)
Ratio: 76% (75%, 61%, 51%)
Price Changes: 190 (210, 170, 185)
Expired/Off-Market Listings: 265 (162, 172, 154)
Net loss/gain in listings this week: -151 (-71, -15, 49)
Active single-family home listings: 1401 (1488, 1571, 1655)
Active condo listings: 1769 (1791, 1804, 1808)
Homes 4-week running average: $447 ($442, $457, $457)
Condos 4-week running average: $220 ($223, $208, $205)



781 Views, 1 Comments

A record number of single-family homes were reported sold in January in Edmonton. 713 sales were reported, up 33% from last January and 10% from the previous record in 2007. Based on our weekly reports, I was expecting sales to be up compared to last year, but I wasn't expecting an increase of over 30%. Condo sales were up to the highest level seen since 2008; 267 condos were reported sold in Edmonton in January, up 45% from last year! If you missed it, be sure to check out our 2022 forecast to learn what is driving demand in Edmonton.

In the Greater Edmonton area,New listings and inventory were both down 10%, and sales were up 14%, leaving the absorption rate at 3.5 months which is significantly lower than we've seen in January for the past five…

991 Views, 4 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: 371 (399, 415, 288)
Sales: 280 (242, 212, 170)
Ratio: 75% (61%, 51%, 59%)
Price Changes: 210 (170, 185, 114)
Expired/Off-Market Listings: 162 (172, 154, 565)
Net loss/gain in listings this week: -71 (-15, 49, -447)
Active single-family home listings: 1488 (1571, 1655, 1693)
Active condo listings: 1791 (1804, 1808, 1768)
Homes 4-week running average: $442 ($457, $457, $460)
Condos 4-week running average: $223 ($208, $205, $206)


670 Views, 3 Comments

Well, it's that time of year when I get to try and predict what's going to happen with the real estate market and check back on last year's prediction. I attended the REALTORS® Association of Edmonton annual forecast last week and the Calgary Real Estate Board (CREB®) forecast earlier today, and I have some interesting insights to share with you. But first, let's have a look at my prediction from last year:


"We don't expect the pace of sales to stay ahead of previous years for much longer, we're still dealing with pent-up demand due to extremely low-interest rates and people wanting more space for working and learning from home. The Bank of Canada has committed to keeping rates low for 2021, but the Alberta economy is not expected to get back to…

1470 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: 399 (415, 288, 140)
Sales: 242 (212, 170, 154)
Ratio: 61% (51%, 59%, 110%)
Price Changes: 170 (185, 114, 55)
Expired/Off-Market Listings: 172 (154, 565, 184)
Net loss/gain in listings this week: -15 (49, -447, -198)
Active single-family home listings: 1571 (1655, 1693, 1917)
Active condo listings: 1804 (1808, 1768, 1962)
Homes 4-week running average: $457 ($457, $460, $456)
Condos 4-week running average: $208 ($205, $206, $205)

593 Views, 0 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: 415 (288, 140, 201)
Sales: 212 (170, 154, 290)
Ratio: 51% (59%, 110%, 144%)
Price Changes: 185 (114, 55, 117)
Expired/Off-Market Listings: 154 (565, 184, 213)
Net loss/gain in listings this week: 49 (-447, -198, -302)
Active single-family home listings: 1655 (1693, 1917, 2009)
Active condo listings: 1808 (1768, 1962, 2037)
Homes 4-week running average: $457 ($460, $456, $434)
Condos 4-week running average: $205 ($206, $205, $204)

869 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: 288 (140, 201, 246)
Sales: 170 (154, 290, 235)
Ratio: 59% (110%, 144%, 96%)
Price Changes: 114 (55, 117, 146)
Expired/Off-Market Listings: 565 (184, 213, 244)
Net loss/gain in listings this week: -447 (-198, -302, -233)
Active single-family home listings: 1693 (1917, 2009, 2136)
Active condo listings: 1768 (1962, 2037, 2127)
Homes 4-week running average: $460 ($456, $434, $433)
Condos 4-week running average: $206 ($205, $204, $210)


856 Views, 6 Comments

It was a busy December for real estate agents in Edmonton with more sales than we normally see during the holiday season. Higher than normal luxury sales brought the average price of single-family homes up, while the average price per square foot declined. Unlike many other markets in Canada, new listings also increased (although not as much as sales) so the upward pressure on prices was not as great in the Edmonton area as it was in Calgary and other markets.  I will post a market forecast after the REALTORS Association of Edmonton Housing Forecast on January 19, it will be interesting to hear what the experts have to say about the economy and housing market. I will update this post with the Greater Edmonton Area stats when the REALTORS® Association of…

981 Views, 0 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: 140 (201, 246, 298)
Sales: 154 (290, 235, 235)
Ratio: 110% (144%, 96%, 79%)
Price Changes: 55 (117, 146, 183)
Expired/Off-Market Listings: 184 (213, 244, 191)
Net loss/gain in listings this week: (-302, -233, -128)
Active single-family home listings: 1917 (2009, 2136, 2255)
Active condo listings: 1962 (2037, 2127, 2201)
Homes 4-week running average: $456 ($434, $433, $437)
Condos 4-week running average: $205 ($204, $210, $213)





694 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: 201 (246, 298, 352)
Sales: 290 (235, 235, 336)
Ratio: 144% (96%, 79%, 95%)
Price Changes: 117 (146, 183, 233)
Expired/Off-Market Listings: 213 (244, 191, 501)
Net loss/gain in listings this week: -302 (-233, -128, -485)
Active single-family home listings: 2009 (2136, 2255, 2347)
Active condo listings: 2037 (2127, 2201, 2201)
Homes 4-week running average: $434 ($433, $437, $444)
Condos 4-week running average: $204 ($210, $213, $221)

712 Views, 1 Comments