Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: Busy busy week! We thought our office was busy but it looks like the market is picking up. 62% sales to new listings ratio – that is technically a seller's market. I wasn't expecting that. Is it the start [...]
Archive | March, 2009
To Kandahar With Love – The Power of Action
This is a little off topic so I hope you'll bear with me… Anyone who has worked with our company and has met my mom knows what a dynamic personality she is and most importantly her passion for people and their story. About a month ago she read an article in “Our Canada” magazine about a Capt. in the Canadian military who [...]
Posting Season
Annually a ritual is played out in the Edmonton real estate market. This often over looked influence on the Edmonton real estate market is the Military – posting season is upon us. Annually the military posts its orders to their personnel and ships them all over Canada and the world. Edmonton is the headquarters for Land Forces Western Area and [...]
Edmonton Real Estate Market Weekly Update
Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: New listings: 459 (425, 449, 444)# Sales: 203 (214, 218, 202)Ratio: 44% (50%, 49%, 45%)# Price changes: 235 (266, 238, 275)# Expired Listings: 121 (88, 351, 102)# Withdrawn/terminated/etc. listings: 32 (33, 36, 31)Net loss/gain in listings this week: 103 [...]
A Worthwhile Canadian Initiative
The headline for this article once won an award - for the most boring headline! The article I pulled it from was re-published on the "Invest in Edmonton Real Estate Blog" today and it is absolutely worth reading. It is an article that appeared in Newsweek last month, that talks about the global financial crisis and how Canada is fairing better than [...]
A Dangerous Assumption
When you’re buying a condo there’s a lot to look at. A single detached home where the nuts and bolts are pretty much evident and available to an inspector is relatively easy compared to the issues facing a condo buyer. With a condo there are the added issues of financial management on top of the structural issues.So here goes. You’ve [...]
Marketing Matters
As I read other real estate blogs I realize why people are skeptical of REALTORS. Only the good information is presentend and the only interpretation is a positive spin. We try to present a balanced picture on this blog, but by nature we’re positive. No matter who you read, one thing for sure is the Edmonton real estate market is tough right now in [...]
Edmonton real estate market weekly update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New listings: 425 (449, 444, 405)# Sales: 214 (218, 202, 188)Ratio: 50% (49%, 45%, 46%)# Price changes: 266 (238, 275, 224)# Expired Listings: 88 (351, 102, 131)# Withdrawn/terminated/etc. listings: 33 (36, 31, 26)Net loss/gain in listings this week: 90 [...]
Edmonton Foreclosures 101: Buying a Foreclosure Property
This is the fifth and final post in our series on foreclosures written by Stan Galbraith of Galbraith Law. The previous parts in the series were Foreclosures Part 1, The Redemption Period, Court Ordered Sale and Mortgage Insurance.Buying a Foreclosure PropertyBuying a foreclosure property is a complex endeavor. Four points to remember:The court is the seller.The court has never owned or [...]
New Home Construction in Edmonton Still Slow
As we've been reporting for well over a year, new home construction in Edmonton is still slow. A report released by Canada Mortgage and Housing (CMHC) today shows this year is even slower than last year:Total housing starts in the greater Edmonton area in February were 213, down from 692 last year and 1106 in 2007.So far this year new [...]
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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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