Same per s foot for condo and home ? Are you sure ? Seems crazyPosted by Curtis on Thursday, April 1st, 2021 at 1:49am
No sorry that was a typo... it's fixed. Thanks for pointing that out!Posted by Sara MacLennan on Thursday, April 1st, 2021 at 1:58am
compared to Calgary we are quite behind, Calgary sold over 2700 homes in March.Posted by Renu Bhattacharya on Thursday, April 1st, 2021 at 2:31am
Today's stats are for the city of Edmonton only, not the greater area. On CREB's site I see 1866 detached sales, they don't separate single family and condo the same way we do so it's not entirely clear but they did and pretty much always do have more sales than us...they also have a few hundred thousand more people than us. They had their highest March sales since 2007, we had our highest March sales for single family homes since at least 2005 (when I started tracking stats). I will update this post with complete stats when RAE releases them. Here are CREBs stats https://www.creb.com/-/media/Public/CREBcom/Housing_Statistics/07_2020_Calgary_Monthly_Short_Summary.pdf?la=en
thank you Sara, great info, hope Edmonton also does as well as rest of the country.Posted by Renu Bhattacharya on Thursday, April 1st, 2021 at 5:42am
Strange that sales are exploding but prices aren't changing much at all.Posted by GM on Thursday, April 1st, 2021 at 6:34am
Record high! Hopefully we blast through this and keeping climbing. A 1000 sq. ft. renovated bungalow on my street in Forest Heights was listed for $499,000 and just sold for $565,000 after a five person bidding war.Posted by Tom on Thursday, April 1st, 2021 at 11:22pm
I suppose the definition of "aren't changing much" is quite subjective...
"The average sale price for single-family homes reached a record high for March at $451,205, up 13% from last March, keeping in mind prices dropped 9% from February to March last year due to the beginning of the COVID pandemic. The median price was up 10% to $400,000. The average price for condos was up 7.3% to $223,431 and the median price was up 4% to $201,500.
I'd say prices are up quite a bit!
I had one other thought about this... Calgary tends to have higher highs and lower lows than Edmonton which tends to be more steady.Posted by Sara MacLennan on Friday, April 2nd, 2021 at 6:24am
[…] more than 400 sales was in June 2015 when we had 440, and in June 2014 we had 408. The preliminary monthly report for March was posted yesterday and will be updated next week when the REALTORS Association publishes their […]Posted by Weekly Market Update Apr. 2/21 - The Edmonton Real Estate BlogThe Edmonton Real Estate Blog on Friday, April 2nd, 2021 at 6:59am
Calgary is destroying us, 2903 sales and there prices are killing it. I'm still baffled how Calgary can beat us so bad.