Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 358 (334, 329, 460) # Sales: 111 (144, 188, 213) Ratio: 31% (43%, 57%, 46%) # Price Changes:  189 (185, 224, 229) Expired/Off-Market Listings: 195 (395, 161, 187) Net loss/gain in listings this week: 52 (-205, -20, 60) Active single-family home listings: 3289 (3244, 3351, 3354) Active condo listings: 2039 (2010, 2096, 2103) Homes 4-week running average: $400k ($400k, $402k, $409k) Condos 4-week running average: $209k ($225k, $214k, $212k) I was hoping to see even fewer new listings than last week... there are a lot of listings on the market now that are not allowing showings which is really pointless. Hoping the new listings are actually allowing at least virtual showings (where the agent tours the property and the buyers watch on FaceTime or something similar) because there are people that want to buy, but are finding it frustrating not being able to see anything. Have a great weekend! Posted by Liv Real Estate on
Email Send a link to post via Email

Sara, Do you think that the normal busy spring season(May-June) for real estate, will it be pushed back to the Fall or late summer or will it simply not occur this year. People like to move in the summer when the weather is better and also it ties in with the school year. Thanks for having this website and blog. You publish a lot of vital and current information on the Edmonton market. Everyone has an opinion, but it is nice to see some facts.

Posted by DK on Thursday, April 9th, 2020 at 11:57pm

Are some people willing to buy a house without physically setting foot inside the house?

Posted by GM on Friday, April 10th, 2020 at 6:40am


Is there any way you can set up the comments section to notify you if someone has left a new message?

Posted by GM on Friday, April 10th, 2020 at 6:42am

On rare occasions, it happens... Sheldon had a client call him from the Lion's Gate Bridge in Vancouver (he'd been stuck there in traffic for 2 hours) and said: "find me an acreage, I'm coming home." He bought it, sight unseen from Vancouver, and still lives there today (20 years later). In the current environment, agents are showing homes to their clients by walking through on a video call and describing the sounds/smells/spaces that don't come across over the phone. After that, if the client is really interested in the property, an in-person showing is arranged (assuming the seller is willing).

Posted by Sara MacLennan on Sunday, April 12th, 2020 at 10:08pm

Originally, I thought that the spring market would just be pushed back, and that may still be the case for other parts of the country. But we also have low oil prices to deal with, so, unfortunately, I don't think our economy is going to come out of this as well as other areas. Thanks for commenting :)

Posted by Sara MacLennan on Sunday, April 12th, 2020 at 10:18pm

Send some of those buyers out to Alberta.

Posted by GM on Wednesday, April 15th, 2020 at 12:30am

Here in Toronto, we are still getting multiple offers on a property. The consensus is there may be some sellers that are desperate to sell, but most of them will just sit there waiting for market to turn around.

I guess a lot of sellers get burned when they sold a property back in 2017. Most expect market will recover in GTA next year.

Just provide some updates here.

Posted by Jason on Wednesday, April 15th, 2020 at 6:40am

Leave A Comment

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