Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: New listings: 449 (444, 405, 432)# Sales: 218 (202, 188, 197)Ratio: 49% (45%, 46%, 46%)# Price changes: 238 (275, 224, 216)# Expired Listings: 351 (102, 131, 91)# Canceled/withdrawn/terminated listings: 36 (31, 26, 30)Net loss/gain in listings this week: -156 [...]
Archive | March, 2009
Edmonton Real Estate Inventory Update
The final numbers for February were released by the Realtors Association of Edmonton the other day. Inventory, compared to last year is lower, and so far is increasing at a slower rate, but it is still much higher than normal: The biggest difference between this month and last month seems to be the absorption rate, which has dropped from 9 [...]
Buying Your First Home in Edmonton – Online Seminar
Back by popular demand!If you are iInterested in learning about buying real estate in Edmonton, here is your chance to learn from the comfort of your own home! Sheldon Johnston of Coldwell Banker Johnston Real Estate and co-author of the Edmonton Real Estate Blog will host an online seminar covering the basics of buying property in Edmonton. Date: March 9, [...]
Foreclosures 101: Mortgage Insurance
This is the fourth 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 and Court Ordered Sale.Mortgage InsuranceThe only time the courts issue an order for foreclosure is when there is little or no equity in the property. Even then, it is only done when the [...]
Edmonton Home Buyers Get a Better Deal in February
The average residential MLS sale price in February was $308,970, down 2.5% from $317,049 in January 2009. The average residential sale price in February 2008 was $338,347 in February 2008, $321,307 in 2007 and $211,531 in 2006. Looking just at Edmonton (as opposed to the entire MLS are) the average sale price of single family homes was $349,740 (down from $361,442 [...]
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Edmonton Real Estate Market Weekly Update – May 11/12
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Edmonton: The epicenter of North America
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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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