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…

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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: 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…

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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: 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.

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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: 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!

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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…

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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: 459 (474, 458, 243) # Sales: 174 (179, 133, 107) Ratio: 38% (38%, 29%, 44%) # Price Changes: 212 (257, 196, 134) # Expired/Off Market Listings: 163 (187, 225, 661) Net loss/gain in listings this week: 122 (108, 100, -525) Active single family home listings: 2632 (2562, 2491, 2406) Active condo listings: 2042 (1987, 1946, 1891) Homes 4-week running average: $429k ($426k, $406k, $419k) Condos 4-week running average: $226k ($222k, $227k, $238k) Have a great weekend!

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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: 474 (458, 243, 89) # Sales: 179 (133, 107, 108) Ratio: 38% (29%, 44%, 121%) # Price Changes: 257 (196, 134, 77) # Expired/Off Market Listings: 187 (225, 661, 146) Net loss/gain in listings this week: 108 (100, -525, -165) Active single family home listings: 2562 (2491, 2406, 2682) Active condo listings: 1987 (1946, 1891, 2120) Homes 4-week running average: $426k ($406k, $419k, $419k) Condos 4-week running average: $222k ($227k, $238k, $239k) Well, I have no technological excuse for my late post this week, I simply forgot. Which is a first. I apologize for the delay getting the weekly stats up. It has certainly been an…

350 Views, 7 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: 458 (243, 89, 233) # Sales: 133 (107, 108, 206) Ratio: 29% (44%, 121%, 88%) # Price Changes: 196 (134, 77, 123) # Expired/Off Market Listings: 225 (661, 146, 275) Net loss/gain in listings this week: 100 (-525, -165, -248) Active single family home listings: 2491 (2406, 2682, 2773) Active condo listings: 1946 (1891, 2120, 2166) Homes 4-week running average: $406k ($419k, $419k, $429k) Condos 4-week running average: $206k ($238k, $239k, $239k) Have a great weekend!

323 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: 243 (89, 233, 292) # Sales: 107 (108, 206, 194) Ratio: 44% (121%, 88%, 66%) # Price Changes: 134 (77, 123, 173) # Expired/Off Market Listings: 661 (146, 275, 186) Net loss/gain in listings this week: -525 (-165, -248, -88) Active single family home listings: 2406 (2682, 2773, 2928) Active condo listings: 1891 (2120, 2166, 2222) Homes 4-week running average: $419k ($419k, $429k, $433k) Condos 4-week running average: $238k ($239k, $239k, $238k) (*Note, the graph legend will be updated shortly to show 2018, but the new numbers are still charted on graph(s) above). Have a great weekend:)

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The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton real estate market today: “2017 was a steady year for real estate in Edmonton and many of the surrounding municipalities, where sales and prices were quite stable for the majority of the year,” said Darcy Torhjelm, REALTORS® Association of Edmonton Chair. “For most of the year we continued to see home buyers take advantage of low mortgage rates and a slightly increased inventory, while sellers enjoyed solid prices for their properties.” “Now that the holiday season is over and a new year is here, we expect listings and sales to begin to ramp up again,” said Torhjelm. “We encourage both potential buyers and sellers to talk to their local REALTOR® about their…

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