Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New listings: 297 (321, 356, 430)# Sales: 169 (162, 146, 155)Ratio: 57% (50%, 41%, 36%)# Price changes: 347 (321, 357, 376)# Expired Listings: 139 (231, 150, 578)# Canceled/withdrawn/terminated listings: 26 (36, 47, 47)Net loss/gain in listings this week: -37 [...]
Archive | November, 2008
Which Edmonton Areas Are Selling the Best?
Every once in a while I do an analysis of the different areas of Edmonton, to see where homes are selling and where they are taking a little more time. The absorption rate is the number of listings currently on the market, divided by the number of sales in the past 30 days; it tells you how many months it [...]
How not to sell a property in Edmonton right now
It sucks right now to sell a property with a Tenant. Yes it does. Uh huh, and here’s the proof.In the past 30 days (as of this morning) There were a total of 619 sales in the Edmonton market. 416 of those were single family and 203 were condos.Of the 416 single family sales in Edmonton on 11 of those [...]
Weekly Update on the Edmonton Real Estate Market – The sky is falling! Really!
Dammit…I’ll be honest i’ve made comments about chicken little and I’ve pooh poohed their sky is falling theory. Man do they have some pull because yesterday the sky did literally fall above Edmonton. Depending on your point of view, a meteorite came crashing to Earth last night blazing across the sky. I say depending on your point of view because [...]
Real Estate Red Flags
Here are some phrases you may find on a listing or purchase contract that should raise a red flag in your mind: "As is, where is"This is a phrase you’ll find commonly on listings that are in foreclosure, an estate sale, in disrepair, not lived in by the seller and many other instances. What this phrase basically means is that [...]
Edmonton Foreclosure Primer
We hear this a lot lately:What about foreclosures? Do you have any foreclosures? With all the media hype about what’s happening in some (I say some because it is definitely not all) American markets a lot of people are wondering if we in Edmonton are being affected by foreclosures.To be clear, our legal system and the foreclosure process here [...]
Weekly Update on the Edmonton Real Estate Market
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New listings: 356 (430, 373, 467)# Sales: 146 (155, 149, 177)Ratio: 41% (36%, 40%, 38%)# Price changes: 357 (376, 375, 471)# Expired Listings: 150 (578, 279, 166)# Canceled/withdrawn/terminated listings: 47 (47, 33, 47)Net loss/gain in listings this week: 13 [...]
Edmonton’s Future
Almost 600 people showed up at City Hall yesterday to hear what city planners have in store for Edmonton for the next 30 years. The plan is to make a city where the "car is no longer king." I heard last week that Edmonton has the most car accidents per capita in Canada (sorry I don’t have a link for [...]
City of Edmonton. For Sale.
Have you ever wondered what does the city of Edmonton have for sale? Both the City of Edmonton and Alberta Public Works utilize the Multiple Listing Service (MLS) to sell their properties. The city of Edmonton actually has its own licensed broker that you could deal with directly. You can also have your own representation by your own REALTOR who [...]
Thank you!
Last year Sheldon wrote a post for remberance day that really captures our feelings about rememberance day. Only thing I would add to that post is we would like to thank the mothers and fathers, spouses and children of our great Canadian soldiers. You are the forgotten soldiers who give the men and women in uniform the strength to do [...]
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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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