Edmonton Single-Family Home Prices up 6.8% from Last Year – UPDATED

Interesting times in the Edmonton real estate market for sure… sales of all property types were well ahead of the past few years, and while single-family prices were up, condo prices are still lagging due to higher than normal supply. The biggest real estate related news this month comes from the Bank of Canada, which […]

Real Estate Market Busier Than Normal in September

Sales cooled off in September in the Greater Edmonton area but we’re still well above normal. 1883 homes sold, roughly equal to last year. More listings are coming on than normal for this time of year, which has pushed us almost to a balanced market with 3.9 months of supply. Luxury sales remain strong, with […]

Real Estate Sales Remain Strong in August in Edmonton – UPDATED

Both listings and sales remain above normal levels in the Greater Edmonton Area, which kept the inventory in the normal range (although slightly up from last year). Things shifted closer to balance but we’re still hanging on to a seller’s market with just under four months of supply (3.74 months to be exact). The benchmark […]

Edmonton Real Estate Market Cools During a Hot July – UPDATED

During one of the hottest months Edmonton has ever seen, the real estate market certainly cooled off in July. While it’s normal for sales to drop from June to July, a 19% drop is bigger than normal, however, we did come down from an all-time high and sales were up 2% from last July. The […]

New Record High Price for Single Family Homes in Edmonton in June – UPDATED

The average price of single-family homes sold in Edmonton reached a new all-time high in June – $473,876, up 15% from last June! The median sale price also reached a record high – a 12% year-over-year increase at $418,000. Luxury sales were well above normal levels with a home selling for $5million, another for $3.15million […]

Real Estate Prices Reach New High in Greater Edmonton Area – UPDATED

The average price for residential real estate hit a new high in the Greater Edmonton Area (GEA) in May – $401,390, up 23% over the last year and the median price was up 8% to $375,000. Admittedly, averages can be very misleading, which is why the benchmark price is a much better indicator of what’s […]

Record Setting Real Estate Sales in April – UPDATED

April saw the most sales in any month since at least 2008 (that’s as far back as my spreadsheet goes). There were 2,868 residential sales in the Greater Edmonton Area in April, up 104% over the 5-year average (last April was an anomaly due to COVID so it’s more reasonable to compare to the 5-year […]

Sales of Edmonton Homes Reach Record Levels – UPDATED

Well, I knew the market was hot, but I didn’t think we’d see sales more than double what they were last year at this time – residential sales in the Greater Edmonton area were up 109% in March. The benchmark price for single-family homes is up 5.6% year over year and 1.7% over last month.  […]

Real Estate Sales up 51% in Edmonton in February

After bottoming out in December 2019, single-family home prices have rebounded. The benchmark price for single-family homes in the greater Edmonton area is up 5.4% from the same time last year. Homes in lower price ranges continue to move quickly, often selling with multiple offers. Fixed-rate mortgage rates are on the rise, which could spur […]

Highest January Single-Family Home Sales in Over 10 Years – UPDATED

Sales in the Greater Edmonton area were up 46% over last January! 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 […]

Greater Edmonton Area Real Estate Market Finishes the Year Strong!

The real estate market finished out the year strong with the most sales we’ve seen in the Greater Edmonton Area (GEA) in December since 2007. After a rocky start, total sales in 2020 finished 3% ahead of 2019, with single-family homes in the communities outside of Edmonton – particularly St. Albert and Sherwood Park – […]

Busier Than Normal Market in the Greater Edmonton Area

For the 5th month in a row, sales were well ahead of normal levels (well above the past 10 years) in the Greater Edmonton Area (GEA). Sales were up 27% over last year in November. Year to date sales are now 1.5% ahead of last year. I was a little concerned that new listings would […]

Edmonton Real Estate Sales up 25% in October – UPDATED

The real estate market is looking more normal this fall, after a very busy summer. We’re seeing more listings come on the market, and buyers now have the benefit of extremely low mortgage rates and more listings to choose from. New listings are well above normal levels for this time of year (13% up from […]

Busy Real Estate Market in Edmonton in September – UPDATED

Single-family home sales were above normal levels in Edmonton in September, spurred on by historically low interest rates. Residential sales were up 35% in September compared to last year, in the greater Edmonton area. Benchmark prices for single-family homes and townhouses are up over 2% from pre-covid levels. I will update this post when the […]

Moving to the ‘burbs – Sales Outside Edmonton Jump in August – UPDATED

National headlines have focused on record real estate sales recently, and the Greater Edmonton Area is no exception – we haven’t seen this many sales in August since the boom in 2006. After peaking in July, single-family sales in Edmonton came back down to normal levels in August while sales outside Edmonton skyrocketed. Sales in […]

Real Estate Market Reaches Annual Peak Late in Edmonton – UPDATED

The spring market clearly had a delayed peak due to COVID-19 this year. Our weekly stats have shown a downward trend for the past few weeks, so I expect that July was the peak of the real estate market in Edmonton this year. We have clients moving for all kinds of reasons at the moment, […]

Sales Rebound in June in Edmonton – UPDATED

Pent up demand for real estate in Edmonton brought sales back up to normal levels for June. Sales rebounded, surpassing the numbers reported for the past 4 years in Edmonton and pushing us into a seller’s market (just barely with 3.8 months supply) for the first time since 2015. Watch our Facebook page for a […]

Edmonton Real Estate Market Starts Rebound in May – UPDATED

The Edmonton real estate market rebounded in May after COVID-19 took a serious bite out of the April market, but it’s still considerably slower than we normally see at this time of year. There are plenty of buyers out looking (our website traffic is up over 40% from last May, with over 4.6million pageviews), but […]

COVID-19 Takes a Bite Out of the Real Estate Market in April – UPDATED

We don’t often see sales decline in April compared to March, and I don’t think we’ve ever seen them drop to back down to December/January levels, but that’s what COVID-19 has done to the real estate market in Edmonton. Perhaps some are surprised to see any homes sold at all; we and many in the […]

March Market Report – UPDATED

And we were off to such a good start… alas, it was not to be. The question on my, and many people’s minds, is what is COVID-19 going to do to the real estate market? Obviously, the short term impact can already be seen – when the spring market is normally heating up, two weeks […]