Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 606 (587, 557, 665) # Sales: 230 (210, 260, 238) Ratio: 38% (36%, 47%, 36%) # Price Changes: 306 (339, 285, 281) # Expired/Off Market Listings: 171 (173, 172, 364) Net loss/gain in listings this week: 205 (204, 125, 63) Active single family home listings: 3242 (3097, 2949, 2860) Active condo listings: 2444 (2346, 2269, 2207) Homes 4-week running average: $431k ($425k, $429k, $438k) Condos 4-week running average: $235k ($238k, $239k, $237k) Have a great weekend!

531 Views, 4 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 587 (557, 665, 457) # Sales: 210 (260, 238, 189) Ratio: 36% (47%, 36%, 41%) # Price Changes: 339 (285, 281, 206) # Expired/Off Market Listings: 173 (172, 364, 178) Net loss/gain in listings this week: 204 (125, 63, 90) Active single family home listings: 3097 (2949, 2860, 2778) Active condo listings: 2346 (2269, 2207, 2222) Homes 4-week running average: $425k ($429k, $438k, $444k) Condos 4-week running average: $238k ($239k, $237k, $235k) Have a great weekend!

522 Views, 11 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 557 (665, 457, 452) # Sales: 260 (238, 189, 206) Ratio: 47% (36%, 41%, 46%) # Price Changes: 285 (281, 206, 250) # Expired/Off Market Listings: 172 (364, 178, 145) Net loss/gain in listings this week: 125 (63, 90, 101) Active single family home listings: 2949 (2860, 2778, 2743) Active condo listings: 2269 (2207, 2222, 2145) Homes 4-week running average: $429k ($438k, $444k, $442k) Condos 4-week running average: $239k ($237k, $235k, $234k) Have a great weekend.

525 Views, 27 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 665 (457, 452, 511) # Sales: 238 (189, 206, 189) Ratio: 36% (41%, 46%, 37%) # Price Changes: 281 (206, 250, 197) # Expired/Off Market Listings: 364 (178, 145, 155) Net loss/gain in listings this week: 63 (90, 101, 167) Active single family home listings: 2860 (2778, 2743, 2688) Active condo listings: 2207 (2222, 2145, 2089) Homes 4-week running average: $438k ($444k, $442k, $456k) Condos 4-week running average: $237k ($235k, $234k, $225k) Quite a lively discussion on last week's post... I love the debate and the intelligent arguments that are brought up, and the constructive criticism, but the name calling, trolling, and…

500 Views, 17 Comments

Read Full Post

Here is our snapshot of the Greater Edmonton Area real estate market based on the monthly report released by The REALTORS® Association of Edmonton (Edmonton only comments and charts follow):  

Edmonton Stats

After a more active January, the real estate market cooled off a bit in Edmonton in February; single-family home sales were above average and condo sales were roughly average in January and sales in both categories (while up month over month) dropped to below average levels in February. 506 single family homes were reported sold in Edmonton in February, down 13% from last February. Condo sales were also down 13% from last February; 230 condos were reported sold in Edmonton. The average price of single-family homes sold in Edmonton…

550 Views, 1 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 457 (452, 511, 461) # Sales: 189 (206, 189, 177) Ratio: 41% (46%, 37%, 38%) # Price Changes: 206 (250, 197, 215) # Expired/Off Market Listings: 178 (145, 155, 393) Net loss/gain in listings this week: 90 (101, 167, -109) Active single family home listings: 2778 (2743, 2688, 2571) Active condo listings: 2222 (2145, 2089, 2003) Homes 4-week running average: $444k ($442k, $456k, $443k) Condos 4-week running average: $235k ($234k, $225k, $222k) Looks like sales will be lower than last February when the monthly totals are calculated next week, perhaps single-family home prices have already peaked for this year? That would be…

565 Views, 45 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 452 (511, 461, 459) # Sales: 206 (189, 177, 174) Ratio: 46% (37%, 38%, 38%) # Price Changes: 250 (197, 215, 212) # Expired/Off Market Listings: 145 (155, 393, 163) Net loss/gain in listings this week: 101 (167, -109, 122) Active single family home listings: 2743 (2688, 2571, 2632) Active condo listings: 2145 (2089, 2003, 2042) Homes 4-week running average: $442k ($456k, $443k, $429k) Condos 4-week running average: $234k ($225k, $222k, $226k) Well if this article doesn't prove real estate markets are local, I don't know what does: "Canadian home sales, listings slump in January with arrival of new mortgage rules." In…

532 Views, 14 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 511 (461, 459, 474) # Sales: 189 (177, 174, 179) Ratio: 37% (38%, 38%, 38%) # Price Changes: 197 (215, 212, 257) # Expired/Off Market Listings: 155 (393, 163, 187) Net loss/gain in listings this week: 167 (-109, 122, 108) Active single family home listings: 2688 (2571, 2632, 2562) Active condo listings: 2089 (2003, 2042, 1987) Homes 4-week running average: $456k ($443k, $429k, $426k) Condos 4-week running average: $225k ($222k, $226k, $222k) There have been 16 sales of single-family homes over $1million in the past 30 days, which explains at least in part, the drastic increase in the average price this week.

484 Views, 9 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 461 (459, 474, 458) # Sales: 177 (174, 179, 133) Ratio: 38% (38%, 38%, 29%) # Price Changes: 215 (212, 257, 196) # Expired/Off Market Listings: 393 (163, 187, 225) Net loss/gain in listings this week: -109 (122, 108, 100) Active single family home listings: 2571 (2632, 2562, 2491) Active condo listings: 2003 (2042, 1987, 1946) Homes 4-week running average: $443k ($429k, $426k, $406k) Condos 4-week running average: $222k ($226k, $222k, $227k) Have a great weekend!

537 Views, 2 Comments

Read Full Post

These charts really tell the story about what is happening with the Edmonton real estate market. Sales are up 14% over last year, while inventory is up 7% over last year to the highest level we've seen in January in 10 years. A lot of buyers seem to have moved their purchase forward due to rising mortgage rates. The average price is up 0.64% over last year and the median price is down 2.9%: Our preliminary stats on the Edmonton real estate market in January showed:

  • Single-family home sales were up 12% over last January, while condo sales were up 29%
  • Single-family prices were up 3.2% to $438,852 and condo prices were down 8.9% to $221,736
  • The average price per square was equal to last year at $281 for single-family and down $18 to…

517 Views, 0 Comments

Read Full Post