Well, it's that time of year when I get to try and predict what's going to happen with the real estate market and check back on last year's prediction. I attended the REALTORS® Association of Edmonton annual forecast last week and the Calgary Real Estate Board (CREB®) forecast earlier today, and I have some interesting insights to share with you. But first, let's have a look at my prediction from last year:


"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 committed to keeping rates low for 2021, but the Alberta economy is not expected to get back to…

39 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: 399 (415, 288, 140)
Sales: 242 (212, 170, 154)
Ratio: 61% (51%, 59%, 110%)
Price Changes: 170 (185, 114, 55)
Expired/Off-Market Listings: 172 (154, 565, 184)
Net loss/gain in listings this week: -15 (49, -447, -198)
Active single-family home listings: 1571 (1655, 1693, 1917)
Active condo listings: 1804 (1808, 1768, 1962)
Homes 4-week running average: $457 ($457, $460, $456)
Condos 4-week running average: $208 ($205, $206, $205)

250 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: 415 (288, 140, 201)
Sales: 212 (170, 154, 290)
Ratio: 51% (59%, 110%, 144%)
Price Changes: 185 (114, 55, 117)
Expired/Off-Market Listings: 154 (565, 184, 213)
Net loss/gain in listings this week: 49 (-447, -198, -302)
Active single-family home listings: 1655 (1693, 1917, 2009)
Active condo listings: 1808 (1768, 1962, 2037)
Homes 4-week running average: $457 ($460, $456, $434)
Condos 4-week running average: $205 ($206, $205, $204)

433 Views, 3 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: 288 (140, 201, 246)
Sales: 170 (154, 290, 235)
Ratio: 59% (110%, 144%, 96%)
Price Changes: 114 (55, 117, 146)
Expired/Off-Market Listings: 565 (184, 213, 244)
Net loss/gain in listings this week: -447 (-198, -302, -233)
Active single-family home listings: 1693 (1917, 2009, 2136)
Active condo listings: 1768 (1962, 2037, 2127)
Homes 4-week running average: $460 ($456, $434, $433)
Condos 4-week running average: $206 ($205, $204, $210)


503 Views, 6 Comments

It was a busy December for real estate agents in Edmonton with more sales than we normally see during the holiday season. Higher than normal luxury sales brought the average price of single-family homes up, while the average price per square foot declined. Unlike many other markets in Canada, new listings also increased (although not as much as sales) so the upward pressure on prices was not as great in the Edmonton area as it was in Calgary and other markets.  I will post a market forecast after the REALTORS Association of Edmonton Housing Forecast on January 19, it will be interesting to hear what the experts have to say about the economy and housing market. I will update this post with the Greater Edmonton Area stats when the REALTORS® Association of…

586 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: 140 (201, 246, 298)
Sales: 154 (290, 235, 235)
Ratio: 110% (144%, 96%, 79%)
Price Changes: 55 (117, 146, 183)
Expired/Off-Market Listings: 184 (213, 244, 191)
Net loss/gain in listings this week: (-302, -233, -128)
Active single-family home listings: 1917 (2009, 2136, 2255)
Active condo listings: 1962 (2037, 2127, 2201)
Homes 4-week running average: $456 ($434, $433, $437)
Condos 4-week running average: $205 ($204, $210, $213)





485 Views, 3 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: 201 (246, 298, 352)
Sales: 290 (235, 235, 336)
Ratio: 144% (96%, 79%, 95%)
Price Changes: 117 (146, 183, 233)
Expired/Off-Market Listings: 213 (244, 191, 501)
Net loss/gain in listings this week: -302 (-233, -128, -485)
Active single-family home listings: 2009 (2136, 2255, 2347)
Active condo listings: 2037 (2127, 2201, 2201)
Homes 4-week running average: $434 ($433, $437, $444)
Condos 4-week running average: $204 ($210, $213, $221)

431 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: 246 (298, 352, 332)
Sales: 235 (235, 336, 318)
Ratio: 96% (79%, 95%, 96%)
Price Changes: 146 (183, 233, 225)
Expired/Off-Market Listings: 244 (191, 501, 195)
Net loss/gain in listings this week: -233 (-128, -485, -181)
Active single-family home listings: 2136 (2255, 2347, 2626)
Active condo listings: 2127 (2201, 2201, 2355)
Homes 4-week running average: $433 ($437, $444, $447)
Condos 4-week running average: $210 ($213, $221, $215)

502 Views, 4 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: 298 (352, 332, 399)
Sales: 235 (336, 318, 325)
Ratio: 79% (95%, 96%, 81%)
Price Changes: 183 (233, 225, 275)
Expired/Off-Market Listings: 191 (501, 195, 240)
Net loss/gain in listings this week: -128 (-485, -181, -166)
Active single-family home listings: 2255 (2347, 2626, 2745)
Active condo listings: 2201 (2201, 2355, 2385)
Homes 4-week running average: $437 ($444, $447, $450)
Condos 4-week running average: $213 ($221, $215, $217)




571 Views, 3 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: 352 (332, 399, 469)
Sales: 336 (318, 325, 304)
Ratio: 95% (96%, 81%, 65%)
Price Changes: 233 (225, 275, 357)
Expired/Off-Market Listings: 501 (195, 240, 263)
Net loss/gain in listings this week: -485 (-181, -166, -98)
Active single-family home listings: 2347 (2626, 2745, 2814)
Active condo listings: 2201 (2355, 2385, 2427)
Homes 4-week running average: $444 ($447, $450, $447)
Condos 4-week running average: $221 ($215, $217, $220)

Weekly real estate prices, 4 week running average.

563 Views, 4 Comments