Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 631 (556, 652, 660) # Sales: 285 (270, 355, 307) Ratio: 45% (49%, 54%, 47%) # Price Changes: 559 (399, 412, 681) Expired/Off Market Listings: 195 (193, 175, 190) Net loss/gain in listings this week: 151 (93, 122, 163, -44) Active single family home listings: 4434 (4335, 4278, 4186) Active condo listings: 2506 (2460, 2427, 2405) Homes 4-week running average: $429k ($427k, $425k, $419k) Condos 4-week running average: $232k ($229k, $224k, $222k) Have a great weekend!

501 Views, 6 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: 556 (652, 660, 633) # Sales: 270 (355, 307, 287) Ratio: 49% (54%, 47%, 45%) # Price Changes: 399 (412, 681, 454) Expired/Off Market Listings: 193 (175, 190, 390) Net loss/gain in listings this week: 93 (122, 163, -44, 161) Active single family home listings: 4335 (4278, 4186, 4077) Active condo listings: 2460(2427, 2405, 2361) Homes 4-week running average: $427k ($425k, $419k, $416k) Condos 4-week running average: $229k ($224k, $222k, $220k) Have a great weekend!

511 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: 652 (660, 633, 543) # Sales: 355 (307, 287, 225) Ratio: 54% (47%, 45%, 41%) # Price Changes: 412 (681, 454, 366) Expired/Off Market Listings: 175 (190, 390, 157) Net loss/gain in listings this week: 122 (163, -44, 161, 148) Active single family home listings: 4278 (4186, 4077, 4106) Active condo listings: 2427 (2405, 2361, 2365) Homes 4-week running average: $425k ($419k, $416k, $418k) Condos 4-week running average: $224k ($222k, $220k, $222k) Have a great weekend!

523 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: 660 (633, 543, 641) # Sales: 307 (287, 225, 309) Ratio: 47% (45%, 41%, 48%) # Price Changes: 681 (454, 366, 363) Expired/Off Market Listings: 190 (390, 157, 184) Net loss/gain in listings this week: 163 (-44, 161, 148, 194) Active single family home listings: 4186 (4077, 4106, 3996) Active condo listings: 2405 (2361, 2365, 2310) Homes 4-week running average: $419k ($416k, $418k, $413k) Condos 4-week running average: $222k ($220k, $222k, $221k) Have a great weekend!

481 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: 633 (543, 641, 616) # Sales: 287 (225, 309, 257) Ratio: 45% (41%, 48%, 42%) # Price Changes: 454 (366, 363, 356) Expired/Off Market Listings: 390 (157, 184, 165) Net loss/gain in listings this week: -44 (161, 148, 194, 52) Active single family home listings: 4077 (4106, 3996, 3882) Active condo listings: 2361 (2365, 2310, 2274) Homes 4-week running average: $416k ($418k, $413k, $419k) Condos 4-week running average: $220k ($222k, $221k, $215k) May the 4th be with you (tomorrow)! Funny story... years ago when our twins were born (they were supposed to be born in early May) Sheldon sent out a birth notice to all of our…

526 Views, 5 Comments

The real estate market right now feels different from any market we’ve experienced in Edmonton, from the stress test to the economy, to the inventory of homes on the market, we're seeing some unusual things happen. So, we've put together some tips for those looking to buy or sell a home in the Edmonton area this spring.

#1 Be Patient

Typically, when a negotiation fails, that's the end of it. In other words, if a buyer and seller can't come to terms, and one or both parties walk away, there's generally no getting them back together. I've heard of three scenarios in the past couple of weeks at our brokerage alone, where the seller came back to the table "hat in hand" and made an agreement with the buyer. My partner Sheldon has been in the business for 30…

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After six months of below average sales, and year over year declines, Edmonton single-family home sales improved to near normal levels in April. 769 single-family homes were reported sold in April in Edmonton, up 3% from last year. The market feels different from any market we've experienced in Edmonton - I'm working on a separate article with tips for success including stories from our clients buying and selling in today's market. Condo sales were still well below normal levels - 307 condos were reported sold in April in Edmonton, down 2.8% from last year. I found an interesting article that suggests the multi-family sector is strengthening in Edmonton, it's worth a read. One thing we've noticed is with the increased availability of new rental…

682 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: 543 (641, 616, 693) # Sales: 225 (309, 257, 238) Ratio: 41% (48%, 42%, 34%) # Price Changes: 366 (363, 356, 382) Expired/Off Market Listings: 157 (184, 165, 403) Net loss/gain in listings this week: 161 (148, 194, 52, 133) Active single family home listings: 4106 (3996, 3882, 3767) Active condo listings: 2365 (2310, 2274, 2213) Homes 4-week running average: $418k ($413k, $419k, $421k) Condos 4-week running average: $ 222k ($221k, $215k, $212k) Have a great weekend!

471 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: 641 (616, 693, 513) # Sales: 309 (257, 238, 230) Ratio: 48% (42%, 34%, 45%) # Price Changes: 363 (356, 382, 387) Expired/Off Market Listings: 184 (165, 403, 150) Net loss/gain in listings this week: 148 (194, 52, 133, 166) Active single family home listings: 3996 (3882, 3767, 3731) Active condo listings: 2310 (2274, 2213, 2194) Homes 4-week running average: $413k ($419k, $421k, $417k) Condos 4-week running average: $221k ($215k, $212k, $206k) Have a great weekend!

511 Views, 6 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: 616 (693, 513, 580) # Sales: 257 (238, 230, 226) Ratio: 42% (34%, 45%, 39%) # Price Changes: 356 (382, 387, 315) Expired/Off Market Listings: 165 (403, 150, 188) Net loss/gain in listings this week: 194 (52, 133, 166) Active single family home listings: 3882 (3767, 3731, 3650) Active condo listings: 2274 (2213, 2194, 2134) Homes 4-week running average: $419k ($421k, $417k, $427k) Condos 4-week running average: $ 215k ($212k, $206k, $207k) Have a great weekend!

536 Views, 2 Comments