Happy Canada Day! 
I hope everyone is enjoying the day as much as we are. I was planning on doing a full report on the Edmonton residential MLS® sales in June, however, it appears as though the REALTORS® Association computer hit some sort of a glitch, and did not run the daily stats last night. From what I can see, the numbers reported today are exactly the same as yesterday (2425 sales, average residential sale price $327, 935, single family $370,696, condos $247,173). With it being a holiday I can't call anyone and find out what is going on.
That being said, I can give some information on what is happening in Edmonton specifically (as opposed to the whole MLS® region).
Single family home sales in Edmonton have been increasing essentially at the same high rate all year:
I may have an update for you tomorrow, depending on what happens with the daily stats, otherwise I won't have the final numbers until July 6 when the official numbers are released.
I would have thought that this was good news,but it seems that peoples losses are far greater than the recent gains,its sad really,so many have lost so much.
Yeah Sam – but too many have gained too much up before the declines… I do feel sorry for the people that did buy first time in 2007 but that is just they way it is. Don’t buy unless you are ready for the risk.
I am a new realtor and am eager to build a new client base, times have never been better, the economy is booming with a massive amount of work upcoming, its never been a better time to buy a family home.
Check out my new blog.
” its never been a better time to buy a family home.” Better time = 2005
I second that mc. If you bought during 2005 or prior, you are sitting in a great position with at least 100K in equity and decent payments. I do know people who bought in 04 and took out a HELOC and invested in stocks. The banks were really pumping that option as I recall. They’ve lost pretty much all their paper equity and are now refinancing with CMHC fees! Ouch!
Zoogle – uhhh… no offense but your blog is crappy compared to this one… I checked it out and it stunk. As a reader of real estate blogs (and a web developer by profession), if you want to advertise your blog through this site, maybe you should have the respect to at least ask the owners to link to you if they so choose? They have linked to other sites if you see the side bar to the right. I would rule you out as my Realtor simply because of your “limited” blog and your potentially disrespectful method of advertising through this blog and possibly others. Try buying google advertising – no wait, you probably need content on your site before that is worth it.
You did not get it, you should read the title of his blog… Do you think a realtors would name his blog Alberta Bubble?
I would rule you out as my Web Developer simply because you didn’t make the association realtor and Alberta Bubble!
Zoogle is a bubble head!
Cheers!