Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 570 (577, 516, 424) # Sales: 255 (227, 224, 235) Ratio: 45% (39%, 43%, 55%) # Price Changes: 258 (275, 219, 248) # Expired/Off Market Listings: 163 (322, 124, 140) Net loss/gain in listings this week: 152 (28, 168, 49) Active single family home listings: 2,582 (2,510, 2,479, 2,400) Active condo listings: 2,188 (2,113, 2,100, 2,017) Homes 4-week running average: $436k ($425k, $418k, $420k) Condos 4-week running average: $238k ($231k, $240k, $245k) Have a great weekend! Posted by Liv Real Estate on
Email Send a link to post via Email

I think spring will be better then most people think. Not great, but not bad. Been keeping my eye on a couple properties and they sold within days, one for list price.

Posted by karlhungus on Thursday, March 9th, 2017 at 9:59pm

It looks like it's gonna be hot in Spring

Posted by Wally on Friday, March 10th, 2017 at 5:53am

From what I've seen, Edmonton houses under $600k are selling within days. It's going to be a hit spring.

Posted by Tom on Saturday, March 11th, 2017 at 12:36am

In Calgary too they are selling within days. It could be buyers are rushing before the interest rate goes up because otherwise it is unjustifiable specially that the vacancy rate is very high. I've read stories of landlords lowering their rents in Calgary by as much as 30% and oil price is still relatively very low compared to 2014 and before and in that case house prices were supposed to be heading down for a bit longer before they start to recover instead.

Posted by Wally on Saturday, March 11th, 2017 at 2:21am

See chart:

Edmonton is dirt cheap according to this chart.

Posted by GM on Saturday, March 11th, 2017 at 4:33am

Buy as many SFH as you can.... good opportunity now as the oil is under $48 again....

Posted by bubu on Sunday, March 12th, 2017 at 1:53am

It could also be buyers dropping prices to try to sell before the proposed rise in capital gains tax in the March 22nd budget speech. Nothing is etched in stone but everyone seems to know about it. The question is what day will be valuation day? I can't see such a huge tax grab as being retroactive. I'm guessing valuation day will be either March 22nd or April 01, 2017. In Toronto the owners of second and third properties are too stupid to list thereby owing hundreds of thousands of dollars more in tax upon sale.

Posted by Tony on Sunday, March 12th, 2017 at 3:08am

According to this chart Edmonton real estate is not a growth story - it is always cheap!

Posted by Stu on Wednesday, March 15th, 2017 at 3:00am

Leave A Comment

Please note that your email address is kept private upon posting.