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Sales Surge in Energetic Edmonton Real Estate Market

Sales Surge in Energetic Edmonton Real Estate Market

Real Estate sales in the Greater Edmonton area were up 9.8% from last March. 1647* residential listings sold in the Greater Edmonton Area in March - the most sales we’ve seen in March in at least 7 years.

The average residential sale price was up 2% from last March at $361,870, for the second month in a row we’ve set a new [...]

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Edmonton Real Estate Market is No Joke

Edmonton Real Estate Market is No Joke

Ok so it’s not just our office that’s busy. Just kidding ;) The last time we saw over 800 sales of single family homes in the month of March was in 2007 when there were 874 sales. We didn’t quite hit the level of sales we saw in 2007, but we came close in March. There were 840 sales of [...]

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Shortage of Listings in Greater Edmonton Area Creates Tight Real Estate Market in February

Shortage of Listings in Greater Edmonton Area Creates Tight Real Estate Market in February

The real estate market in the Greater Edmonton Area is heating up, market stats are up across the board compared to last year, except for listings and inventory. Increased demand an lower supply has lead to increasing prices and frustrated buyers. 

There were 1189* residential sales in the Greater Edmonton Area in February, up 11.85% from last February. The sales to [...]

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Edmonton Home Prices Up 7.46% Over Last February

Edmonton Home Prices Up 7.46% Over Last February

February was certainly an interesting month for the real estate market in Edmonton. Single family home sales were particularly strong in February; 648 single family homes sold through the MLS system in Edmonton in February, up 13% over last year, and the highest level we’ve seen in 7 years. 

Condo sales were also up from last year – 319 condos sold [...]

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Listing Inventory Lowest We’ve Seen in 5 Years in Edmonton in January

Listing Inventory Lowest We’ve Seen in 5 Years in Edmonton in January

The REALTORS® Association of Edmonton released their monthly report on the housing market in the Greater Edmonton Area today with the headline “Local housing sales and inventory up in stable market.”
I very rarely do this, but I have to disagree with our Association’s take on the housing market today. In their release (and their headline), they make a lot of [...]

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Single Family Home Prices up 7.2% Over Last January in Edmonton

Single Family Home Prices up 7.2% Over Last January in Edmonton

Sales of single family homes were slightly lower in January than a year previous. There were 441 sales in January in Edmonton compared to 470 last January. This is the first time single family home sales were lower than the previous year in 6 months. 
The inventory of single family homes on the market is about the same as it was [...]

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Real Estate Sales up 8% in Edmonton in 2013

Real Estate Sales up 8% in Edmonton in 2013

All things considered, 2013 was a very good year for the Edmonton real estate market. Total residential sales were up nearly 8% over last year, and prices increased moderately showing strength in our market without putting extra pressure on buyers. People moved to the Edmonton area in droves, and the vacancy rate on rental properties fell to the lowest rate [...]

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Strong Finish to the 2013 Real Estate Market in Edmonton

Strong Finish to the 2013 Real Estate Market in Edmonton

The real estate market ended the year strong in Edmonton, with higher sales and prices than we’ve seen for a few years. 418 single family homes sold in Edmonton in December, up 16% from 361 last year.

Condos sales were also strong, 247 condos sold in December up 24% from last year.

The average price of single family homes continued to rise [...]

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Real Estate Market Ploughs Ahead in Edmonton in November

Real Estate Market Ploughs Ahead in Edmonton in November

Residential sales in the Greater Edmonton Area real estate market were the highest we’ve seen in the month of November since 2009. 

“The Edmonton market continues to perform well with sales up and prices rising,” said RAE President Darrell Cook, in a news release yesterday.

With some of the most affordable housing in the country, one of the lowest unemployment rates [...]

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Real Estate Market Still Ahead of Previous Years in Edmonton in November

Real Estate Market Still Ahead of Previous Years in Edmonton in November

The real estate market in Edmonton stayed ahead of previous years in November. 599 single family homes sold in November, compared to 521 last year and 759 last month – the most homes sold in November in at least 6 years.

Condo sales were also strong in November and were higher than the past three Novembers. 325 condos sold in Edmonton [...]

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