March housing starts were down 59% from March ’07 and were down 31% for the first quarter according to a report released by CMHC today. Single family homes are down for the 9th month in a row, representing the lowest level of activity since 1996. Completions meanwhile are actually up 13% from last year – that means more inventory coming [...]
Archive | April, 2008
Trying to Sell Your Home? Be Flexible
While working on an evaluation yesterday, Sheldon thought it would be interesting to compare the absorption rate of vacant properties with seller and tenant occupied properties. The absorption rate shows how long it will take for the existing listings to sell.In general, a vacant property does not show as well as an occupied property, but in this case the [...]
Weekly Update on the Edmonton Real Estate Market
Here is our weekly update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New listings: 566 (823, 869, 780)# Sales: 293 (336, 272, 284)Ratio: 52% (41%, 31%, 36%, 41%)# Price changes: 493 (679,567, 550, 450)# Expired Listings: 115 (181, 125, 408)# Canceled/withdrawn/terminated listings: 39 (65, 65, 60, 39)Net loss/gain in listings [...]
Selling in a Buyer’s Market
My thoughts on how to get your home sold in Edmonton today. [...]
Old Vs. New
Yesterday Sheldon talked about the number of new and vacant properties on the market, and it made me wonder – what’s been happening with the prices of resale homes compared to new homes? At the end of 2007, CMHC explained at the Housing Outlook conference that the gap in pricing between new homes and resale homes had grown quite large [...]
Summer’s Cancelled in Edmonton
Tough sledding in Edmonton as spring and summer are officially cancelled. Is it me or did someone turn on the air conditioning too early and jinx the weather? One day we’re sitting on the deck having a BBQ at plus 20 and then the next we’re shoveling the driveway three times in one day.It’s nice to be back blogging [...]
Weekly Update on the Edmonton Real Estate Market
Here is our weekly update on the Edmonton real estate market. (Last week’s numbers are in brackets, and the week before after that). For the past 7 days: New listings: 823 (869, 780, 574)# Sales: 336 (272, 284, 235)Ratio: 41% (31%, 36%, 41%)# Price changes: 679 (567, 550, 450)# Expired Listings: 181 (125, 408, 83)# Canceled, withdrawn and terminated listings: [...]
Quotes from the Papers
There have been a whole bunch of articles about Alberta and Edmonton and the economy in the past few days. So I thougt I’d just put some of the quotes from these articles here…enjoy:Alberta remains an island of prosperity in a roiling sea of economic uncertainty. Geoffrey Scotton, Calgary HeraldThere almost seems to be distinct economies between Alberta and the [...]
Weekly Update on the Edmonton Real Estate Market
Here is our weekly update on the Edmonton real estate market. (Last week’s numbers are in brackets, and the week before after that). For the past 7 days: New listings: 869 (780, 574, 669)# Sales: 272 (284, 235, 263)Ratio: 31% (36%, 41%, 39%)# Price changes: 567 (550, 450, 465)# Expired Listings: 125 (408, 83, 152)# Canceled, withdrawn and terminated listings: [...]
A Code of Conduct
Well, we’ve had a lot of great debates on the blog lately, and there have also been a lot of not so great debates. We’ve been criticized for deleting comments, and applauded for deleting comments. So yesterday I decided it was time for some ground rules.Wouldn’t you know it, but many in the blogging community are thinking along the [...]
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Edmonton Real Estate Market Weekly Update – Jan. 6/12
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Edmonton Real Estate Market Weekly Update – Jan. 20/11
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Edmonton Real Estate Market Weekly Update – Jan. 13/12
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What’s going on with Condo Prices in Edmonton?
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About Us
The Edmonton Real Estate Blog is written by Sheldon Johnston and Sara MacLennan of Coldwell Banker Johnston real estate; both are licensed real estate associates in the Province of Alberta.
Aside from blogging, Sheldon manages the brokerage and assists clients buying and selling real estate in the Edmonton area, while Sara focuses on marketing and business development. If you're thinking of buying or selling real estate, or if you're interested in a career with one of Edmonton's most successful teams, contact them at blog@teamjohnston.com.
The opinions contained herein are those of the authors and are just that - their opinions. For legal information, consult a lawyer. For mortgage information consult a mortgage professional. For tax information consult an accountant. This information is not intended to solicit clients already under contract.
For more information about us visit our website.
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