The Edmonton Real Estate Blog
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Higher Real Estate Prices in Edmonton Continue to Surprise

The real estate market in Edmonton continues to surprise me with lower sales and higher prices than last year. Based on the trend I’ve been following on a weekly basis, I think July will be the last month this year with higher average prices than last year, but I’ve been wrong before. Real estate sales […]

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Weekly Market Update, July 31/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 554 (535, 581, 599) # Sales: 334 (347, 371, 343) Ratio: 60% (65%, 64%, 57%) # Price Changes: 378 (372, 386, 399) # Expired/Off Market Listings: 203 (167, 213, 194) Net loss/gain […]

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Weekly Update, July 24/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 535 (581, 599, 553) # Sales: 347 (371, 343, 368) Ratio: 65% (64%, 57%, 67%) # Price Changes: 372 (386, 399, 378) # Expired/Off Market Listings: 167 (213, 194, 383) Net loss/gain […]

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Weekly Market Update, July 17/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 581 (599, 553, 515) # Sales: 371 (343, 368, 380) Ratio: 64% (57%, 67%, 74%) # Price Changes: 386 (399, 378, 380) # Expired/Off Market Listings: 213 (194, 383, 183) Net loss/gain […]

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Weekly Market Update, July 10/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 599 (553, 515, 610) # Sales: 343 (368, 380, 391) Ratio: 57% (67%, 74%, 64%) # Price Changes: 399 (378, 380, 416) # Expired/Off Market Listings: 194 (383, 183, 187) Net loss/gain […]

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Confidence in Edmonton Real Estate Market Increases in June

The REALTORS® Association of Edmonton released their monthly report on the real estate market today, here’s our snapshot summarizing their stats: REALTORS® Association of Edmonton President, Geneva Tetreault had positive comments on the market: “The reality of what we are seeing in the market is that the slight hesitation from buyers that came with the […]

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Weekly Update, July 3/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 553 (515, 610, 660) # Sales: 368 (380, 391, 384) Ratio: 67% (74%, 64%, 58%) # Price Changes: 378 (380, 416, 433) # Expired/Off Market Listings: 383 (183, 187, 167) Net loss/gain […]

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Surprisingly Strong Real Estate Sales in Edmonton in June

Well, I wasn’t expecting this… there was a bit of a rebound this month. Sales of single family homes reached the second highest level in the past 8 years in Edmonton last month. 1109 single family homes sold in Edmonton in June, down 5.5% from last year’s peak. Considering that we’ve seen year over year […]

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Weekly Market Update, June 26/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 515 (610, 660, 710) # Sales: 380 (391, 384, 440) Ratio: 74% (64%, 58%, 62%) # Price Changes: 380 (416, 433, 408) # Expired/Off Market Listings: 183 (187, 167, 240) Net loss/gain […]

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Weekly Update, June 19/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 610 (660, 710, 530) # Sales: 391 (384, 440, 304) Ratio: 64% (58%, 62%, 57%) # Price Changes: 416 (433, 408, 319) # Expired/Off Market Listings: 187 (167, 240, 58) Net loss/gain […]

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Weekly Update, June 12/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 660 (710, 530, 561) # Sales: 384 (440 (304, 336, 375) Ratio: 58% (62%, 57%, 60%) # Price Changes: 433 (408, 319, 368) # Expired/Off Market Listings: 167 (240, 58, 168) Net […]

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Weekly Market Update, June 5/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 710 (530, 561, 676) # Sales: 440 (304, 336, 375) Ratio: 62% (57%, 60%, 55%) # Price Changes: 408 (319, 368, 394) # Expired/Off Market Listings: 240 (58, 168, 146) Net loss/gain […]

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Greater Edmonton Real Estate Prices Still on the Rise

For the first time this year we saw fewer new listings than we saw in the same month last year; according to numbers released by the REALTORS® Association of Edmonton today new listings were slightly down (2%) in the Greater Edmonton Area in May. While a 2% drop may not seem significant, when you consider […]

Edmonton-real-estate-report

Real Estate Prices Still on the Rise in Edmonton Amid Slower Sales

Our preliminary report on the Edmonton real estate market in May shows single family home sales were fairly average, but lower than we’ve seen for the past few years (especially last year). 906 single family homes sold in Edmonton in May, down nearly 18% from last year. Condo sales were ahead of most recent years […]

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Weekly Update, May 29/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 530 (561, 676, 699) # Sales: 304 (336, 375, 310) Ratio: 57% (60%, 55%, 44%) # Price Changes: 319 (368, 394, 378) # Expired/Off Market Listings: 58 (168, 146, 311) Net loss/gain […]

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Weekly Market Update, May 22/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 561 (676, 699, 539) # Sales: 336 (375, 310, 345) Ratio: 60% (55%, 44%, 64%) # Price Changes: 368 (394, 378, 349) # Expired/Off Market Listings: 168 (146, 311, 284) Net loss/gain […]

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Weekly Market Update, May 15/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 676 (699, 539, 608) # Sales: 375 (310, 345, 334) Ratio: 55% (44%, 64%, 55%) # Price Changes: 394 (378, 349, 330) # Expired/Off Market Listings: 146 (311, 284, 135) Net loss/gain […]

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Weekly Market Update, May 8/15

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 699 (539, 608, 653) # Sales: 310 (345, 334, 292) Ratio: 44% (64%, 55%, 45%) # Price Changes: 378 (349, 330, 371) # Expired/Off Market Listings: 311 (284, 135, 214) Net loss/gain […]

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The Phantom Listing Menace – Inventory and Prices on the Rise in Edmonton

Canadian Home and Mortgage Corporation (CMHC) released a report last week, focused on housing market risk factors such as overheating, acceleration in house prices, overvaluation, and overbuilding. They concluded that there is a low risk for all these factors in the Edmonton market. “While price growth has increased slightly since 2011, price increases remain in line with […]

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Real Estate Sales Just Average While Prices Continue to Rise in Edmonton

With the provincial election looming, there is certainly some uncertainty about the future of our province. So far this year the real estate market has been downright average in terms of sales, but well behind last year’s peak. Sales of single family homes remained right around the average level for this time of year. 853 homes […]