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)

Posted by Sara MacLennan on
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RE/MAX's prediction has us around $500K for an average detached house this year. But by the look of it, we're going to blow by that half million dollar mark pretty early in the year once the Spring market starts up. There's so little supply of SFD!

Posted by Tom Smith on Friday, January 7th, 2022 at 2:02pm

What's up with SFH prices?
Jumping... for what reason?

Posted by GM on Friday, January 7th, 2022 at 2:33pm

GM: There's so little supply, and a lot of people are trying to buy before mortgage rates increase substantially later in the year. As well, there are a lot of investors from Toronto and Vancouver who are used to $1.5 million bungalows, and see bungalows in mature neighbourhoods in Edmonton as a steal for $500K to $600K. And Alberta is seeing a lot of net migration from people priced out of Toronto and Vancouver. For the few detached homes that are being listed, there's typically pretty intense bidding wars for them. It's crazy out there! I haven't seen the market this hot since 2006/07. I can't imagine how large of a jump in prices for SFDs we'll experience this Spring.

Posted by Tom Smith on Friday, January 7th, 2022 at 3:37pm

There have been a lot of $1million+ sales in the last 30 days, including one over $3million.

Posted by Liv Real Estate on Friday, January 7th, 2022 at 4:32pm

I think we need to know other stats like median, minimum and maximum to know if the trend is going up or down.

Posted by Leily on Tuesday, January 11th, 2022 at 1:01pm

Hey Leily,
You're absolutely right, I post a much more thorough report the local real estate market on a monthly basis. You can check out the most recent one here -

The weekly updates are just a snapshot.
Thanks for your comment!

Posted by Liv Real Estate on Tuesday, January 11th, 2022 at 1:35pm

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