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

New Listings: 447 (434, 404, 424)
Sales: 390 (417, 368, 325)
Ratio: 87% (96%, 91%, 77%)
Price Changes: 198 (125, 132, 178)
Expired/Off-Market Listings: 180 (121, 99, 107)
Net loss/gain in listings this week: -123 (-104, -63, -8)
Active single-family home listings: 1733 (1747, 1757, 1771)
Active condo listings: 1068 (1065, 1065, 1059)
Homes 4-week running average: $481 ($476, $477, $465)
Condos 4-week running average: $213 ($205, $197, $206)

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Welcome to our first real estate market update of the year for the Greater Edmonton area! As we dive into the data, it becomes clear that the market is already buzzing with activity. With a surge in sales, rising benchmark prices, and a low inventory level, homeowners and prospective buyers are in for an intriguing year ahead. Let's examine the latest trends and indicators that are shaping the real estate landscape in the Greater Edmonton Area.

Sales Surge and Reduced Inventory

Compared to January 2023, the market saw a remarkable 46% increase in sales, showcasing a highly energized market. At the same time, new listings experienced a more modest 4% increase. As a result, inventory dropped by 13% year-over-year, resulting in the lowest inventory…

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This morning, the REALTORS® Association of Edmonton hosted its Annual Housing Forecast, and I'm excited to bring you these insights. Specifically, we'll be diving into the presentation by Shaun Cathcart, Director & Senior Economist, Housing Data and Market Analysis at the Canadian Real Estate Association (CREA).

Long story short, Mr. Cathcart predicts a booming real estate market for Edmonton in 2024. He started his presentation by discussing interest rates, sharing that many economists anticipate the Bank of Canada will begin lowering interest rates in the latter half of this year. While only 1 or 2 rate cuts for this year were predicted as recently as November, the current expectation now stands at 4-6 rate cuts by year-end, which would make a…

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We saw an impressive surge in sales in the Greater Edmonton Area in December compared to a year previous, with a staggering 23.5% increase. New listings also experienced a remarkable 24% increase, giving buyers a wider range of choices to explore. Even with the jump in new listings, end-of-month inventory dropped 8% year-over-year, which remained well below the historical norm.

With 3.76 months of inventory, we find ourselves just under the 4-month threshold for a balanced market. In other words, it's still a seller's market, providing those looking to sell their homes with an advantageous position.

Across the board, benchmark prices have seen a positive upward trend. Single-family homes experienced a steady 3.5% increase in benchmark prices, while…

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The Edmonton real estate market in November was nothing short of extraordinary. Sales jumped by 31% compared to last year in November - 1,637 listings sold. Meanwhile, inventory took a bit of a dip, dropping 15% to 5,447 listings. New listings were up 6%, with a total of 2,126 new listings hitting the market in November. With a mere 3.33 months of supply, it's safe to say the ball is definitely in the sellers' court.

The benchmark price for townhouses shot up by an impressive 7.4% over last year. Apartment-style condos weren't far behind, with a 4.2% increase. And even single-family homes got in on the action, seeing a respectable 2.6% rise in benchmark prices. This suggests that there is more demand for more attainable types of housing, such as…

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The Edmonton real estate market has been nothing short of dynamic in recent months. September 2023 shows impressive statistics that underline the city's enduring appeal. Sales in the Edmonton area surged significantly, showcasing a remarkable 31% increase over the previous September. A standout trend was the strong demand for apartment and townhouse-style condos as buyers sought affordable housing options in response to the region's increasingly competitive rental market.

One key factor fueling this surge in demand is Alberta's record-setting population growth. As more individuals and families choose to call Alberta home, the need for housing has spiked, particularly in cities like Edmonton. Consequently, this influx of newcomers has led to a robust…

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The Greater Edmonton area experienced a surge in sales this August, reaching a record high of 2250 sales. Meanwhile, inventory is at its lowest level for August since 2014, with 6768 properties available at the end of the month.

While new listings did show some improvement compared to last year, the market continues to favour sellers, with only 3 months of inventory available. Additionally, lending rates have caused buyers to delay their purchases or opt for more affordable products.

Within our brokerage, many clients who bought this past summer were new to Canada or moving from another province. Still, just as many were local buyers looking for a new home because of lifestyle changes such as marriage, divorce, children, or work. Similarly, many…

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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: 593 (543, 586, 664)
Sales: 374 (398, 457, 432)
Ratio: 63% (72%, 78%, 65%)
Price Changes: 387 (410, 393, 418)
Expired/Off-Market Listings: 356 (211, 240, 243)
Net loss/gain in listings this week: -137 (-57, -111, -11)
Active single-family home listings: 2925 (2952, 2942, 2941)
Active condo listings: 1840 (1885, 1873, 1888)
Homes 4-week running average: $477 ($474, $476, $466)
Condos 4-week running average: $215 ($222, $219, $225)

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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: 543 (586, 664, 602)
Sales: 398 (457, 432, 379)
Ratio: 72% (78%, 65%, 63%)
Price Changes: 410 (393, 418, 371)
Expired/Off-Market Listings: 211 (240, 243, 395)
Net loss/gain in listings this week: -57 (-111, -11, -172)
Active single-family home listings: 2952 (2942, 2941, 2905)
Active condo listings: 1885 (1873, 1888, 1877)
Homes 4-week running average: $474 ($476, $466, $467)
Condos 4-week running average: $222 ($219, $225, $226)


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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: 586 (664, 602, 516)
Sales: 457 (432, 379, 411)
Ratio: 78% (65%, 63%, 80%)
Price Changes: 393 (418, 371, 398)
Expired/Off-Market Listings: 240 (243, 395, 179)
Net loss/gain in listings this week: -111 (-11, -172, -74)
Active single-family home listings: 2942 (2941, 2905, 2976)
Active condo listings: 1873 (1888, 1877, 1914)
Homes 4-week running average: $476 ($466, $467, $473)
Condos 4-week running average: $219 ($225, $226, $220)

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