Edmonton Single Family Home Sales Jump in November - UPDATED
Posted by Liv Real Estate on
The REALTORS® Association of Edmonton has released their monthly report on the Greater Edmonton real estate market for November, so I've updated our monthly report (original Edmonton stats are at the end of this post). Residential sales were up 12.42% over last November, which the Association attributes to the upcoming mortgage rule changes. While I agree the rule changes are likely part of the equation, I think rising interest rates (and expiring rate holds) are also a factor, as is the growing population, and the improving economy.
Here's our snapshot of the Greater Edmonton Real Estate market, followed by our monthly charts:
Edmonton Stats:
After spending much of the year slower than last year, our initial report on the Edmonton real…454 Views, 7 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: 300 (343, 311, 408)
# Sales: 233 (224, 214, 227)
Ratio: 78% (65%, 69%, 56%)
# Price Changes: 269 (293, 275, 344)
# Expired/Off Market Listings: 463 (216, 237, 217)
Net loss/gain in listings this week: -396 (-97, -140, -36)
Active single family home listings: 3010 (3225, 3271, 3335)
Active condo listings: 2271 (2417, 2440, 2488)
Homes 4-week running average: $445k ($431k, $435k, $427k)
Condos 4-week running average: $234k ($231k, $236k, $235k)
Three homes have sold over $3 million in the past 30 days, 2 of which are in the past week - this is likely inflating the average price of single-family homes on the chart below. I'm…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 343 (311, 408, 407)
# Sales: 224 (214, 227, 215)
Ratio: 65% (69%, 56%, 53%)
# Price Changes: 293 (275, 344, 376)
# Expired/Off Market Listings: 216 (237, 217, 581)
Net loss/gain in listings this week: -97 (-140, -36, -389)
Active single family home listings: 3225 (3271, 3335, 3345)
Active condo listings: 2417 (2440, 2488, 2488)
Homes 4-week running average: $431k ($435k, $427k, $425k)
Condos 4-week running average: $231k ($236k, $235k, $239k)
I found an interesting report this week, called the "Annual Growth Monitoring Report" which states that "at a current population of 932,546, the City of Edmonton is the fastest…
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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: 408 (407, 418, 442)
# Sales: 227 (215, 250, 254)
Ratio: 56% (53%, 60%, 57%)
# Price Changes: 344 (376, 381, 429)
# Expired/Off Market Listings: 217 (581, 231, 256)
Net loss/gain in listings this week: -36 (-389, -63, -68)
Active single family home listings: 3335 (3345, 3537, 3562)
Active condo listings: 2488 (2488, 2654, 2662)
Homes 4-week running average: $427k ($425k, $426k, $424k)
Condos 4-week running average: $235k ($239k, $245k, $249k)
I've included the inventory charts again this week, as the trend for inventory is headed more towards normal, but is still higher than previous years, so it's still a…
Today the REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market in October saying:
“We continue to see stability in the all-residential average and median prices, and this stability has been primarily due to strong sales of single family homes, which are a staple of our marketplace,” explains James Mabey, Chair of the REALTORS® Association of Edmonton.
Here is our snapshot on the market in October:
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 418 (442, 399, 536)
# Sales: 250 (254, 241, 246)
Ratio: 60% (57%, 60%, 46%)
# Price Changes: 381 (429, 382, 469)
# Expired/Off Market Listings: 231 (256, 234, 624)
Net loss/gain in listings this week: -63 (-68, -76, -334)
Active single family home listings: 3537 (3562, 3602, 3617)
Active condo listings: 2654 (2662, 2678, 2711)
Homes 4-week running average: $426k ($424k, $423k, $421k)
Condos 4-week running average: $250k ($249k, $250k, $250k)
Well, after a brief period of optimism, CHMC stepped up to the plate and took some wind out of our sails (or should I say "sales?") yesterday. There are growing concerns about…
For the first time in a long time, I'm seeing a lot of positive headlines related to Edmonton, and Alberta as a whole, the economy and the real estate market. I don't know about you, but I kind of forgot what that's like! Here's what people are saying...
A report released Monday by the Real Estate Investment Network named Edmonton the top spot to invest in Alberta, and one of the top 10 in Canada, saying Edmonton is poised to outperform the rest of the province for the next 5 years or so. Our stable economy, affordable housing, falling rent and rising vacancies indicate that Edmonton is in the middle of a slump, making it a good time to buy.
“The fix-and-flippers, the HGTV-watching guys, it’s not the greatest market for them, because it’s a slower…