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Edmonton Real Estate Market Sleepy in August

Edmonton Real Estate Market Sleepy in August

The official numbers have been released (the numbers I reported yesterday were just for Edmonton, not the entire board) showing small price drops across all categories. The average single family home dropped slightly for the second consecutive month in August after having plateaued at just over $388,000 from March to June. Condominium prices have dropped [...]

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Bubble or no bubble? Two research groups sound off… Plus Edmonton Market Stats for August

Bubble or no bubble? Two research groups sound off… Plus Edmonton Market Stats for August

Before I get to the stats for August I do want to discuss a couple of reports that were released this week. The first by a "centre-left" think tank about the Canadian housing market. The report called "Canada’s Housing Bubble – An Accident Waiting to Happen" suggests that at least 6 of Canada’s major markets [...]

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Edmonton Real Estate Market Weekly Update – Aug. 27, 2010

Edmonton Real Estate Market Weekly Update – Aug. 27, 2010

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 (486, 462, 435)
# Sales: 187 (217, 222, 191)
Ratio: 44% (45%, 48%, 44%)
# Price changes: 346 (354, 344, 324)
# Expired/Off Market Listings: 260 (250, 227, 494)
Net loss/gain in listings this week: -22 (19, [...]

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What Real Estate is Selling the Best in Edmonton?

What Real Estate is Selling the Best in Edmonton?

One way of determining demand in an area, or for a type of property is to look at the absorption rate. The absorption rate tells you how many months it will take to sell the current inventory if the sales level remains stable. I have broken the Edmonton real estate market into a number of [...]

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Edmonton Real Estate Market Weekly Update – Aug. 20, 2010

Edmonton Real Estate Market Weekly Update – Aug. 20, 2010

Edmonton Real Estate Market 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: 486 (462, 435, 456)
# Sales: 217 (222, 191, 198)
Ratio: 45% (48%, 44%, 43%)
# Price changes: 354 (344, 324, 341)
# Expired/Off Market Listings: 250 (227, 494, 174)
Net loss/gain in listings [...]

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Edmonton real estate market weekly update – August 13, 2010

Edmonton real estate market weekly update – August 13, 2010

Edmonton Real Estate Market 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: 462 (435, 456, 492)
# Sales: 222 (191, 198, 276)
Ratio: 48% (44%, 43%, 56%)
# Price changes: 344 (324, 341, 390)
# Expired/Off Market Listings: 227 (494, 174, 221)
Net loss/gain in listings [...]

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Edmonton Real Estate Market Weekly Update – August 6, 2010

Edmonton Real Estate Market Weekly Update – August 6, 2010

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 435 (456, 492, 455)
# Sales: 191 (198, 276, 228)
Ratio: 44% (43%, 56%, 50%)
# Price changes: 324 (341, 390, 363)
# Expired/Off Market Listings: 494 (174, 221, 226)
Net loss/gain in listings this week: -250 (84, [...]

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Cooler Real Estate Prices in Edmonton Still Up From Last Year

Cooler Real Estate Prices in Edmonton Still Up From Last Year

The REALTORS® Association of Edmonton released the stats for real estate sales in July today showing that housing prices cooled in July. Single family dwelling prices slid 3.1% while condo prices were down a marginal 1.5% and the overall residential average price dropped 1.7% to $329,734 from $335k last month. The overall median sale price [...]

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Edmonton sees slow real estate market in July

Edmonton sees slow real estate market in July

We’ve been tracking low sales and high inventory in Edmonton for a few months now, wondering when prices would be affected. It looks like prices have finally taken a hit this month, and a pretty big one at that. The average sale price of single family homes in Edmonton in July was $388,549 down from [...]

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Edmonton real estate market Weekly Update – July 30, 2010

Edmonton real estate market Weekly Update – July 30, 2010

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 456 (492, 455, 529)
# Sales: 198 (276, 228, 218)
Ratio: 43% (56%, 50%, 41%)
# Price changes: 341 (390, 363, 369)
# Expired/Off Market Listings: 174 (221, 226, 204)
Net loss/gain in listings this week: 84 (-5, [...]

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