The Edmonton Real Estate Blog

There were 934 residential sales in the Greater Edmonton area in January compared to 820 last year and 881 last month.* We are seeing significant increases in the number of showings on our listings, and some of our buyer clients are running into multiple offers. The spring market may come a little early this  year due to historically low mortgage [...]

In January there were 450 single family home sales in Edmonton – up significantly from 382 last year and 358 last month. It looks like this may be the one bright spot in the real estate market as prices and sales are down in most other categories. 

Condo sales improved slightly from last year, but were down from last month – [...]

Sales of single family homes were about the same as last year and within the normal range for December in Edmonton. There were 382 sales of single family homes, compared to 380 last year and 557 last month:

After three months of lower sales than the previous year, condo sales in Edmonton improved slightly to 225 compared to 206 last year [...]

Residental MLS® sales were right where we expected them to be in November – about average for this time of year. There were 1149* residential sales in Edmonton:

The average MLS® sale price was $321,135 in November, compared to $319,479 last year and $319,985 last month. The median sale price was $310,000 compared to $308,000 last year and $313,000 last month:

The [...]

No surprises for single family home sales this November – 557 single family homes traded hands through the MLS® system in Edmonton. This is up slightly from 539 last November and down from 611 last month (normal for this time of the year). We expect December to look much like it has for the past several years as well.

Condo sales [...]

The REALTORS® Association of Edmonton released the monthly sales stats today stating: “Average prices for all types of residential property softened in October as part of the seasonal trend.” And I would have to agree that what we are seeing right now is typical for October. 
Residential sales followed the normal seasonal trend dropping from 1435 sales in September to 1240* [...]

The Edmonton real estate market did what it typically does in October – prices dropped compared to September. Interestingly, single family home sales and prices are up from last October, while condo sales and prices both dropped.
Sales of single family homes were strong in Edmonton in September; there were 611 sales of single family homes in September, compared to 554 [...]

The biggest debate on the blog last month was about my new method of reporting sales:

Last year the REALTORS® Association of Edmonton started adjusting past reported numbers each month. This is because REALTORS® have a number of days to report a sale, so when the numbers are released by the board, many of the sales are not yet reported and [...]

Sales of single family homes held strong in Edmonton in September; 691 single family homes sold in September compared to 716 last month and 554 last year. 

Condo sales on the other hand took a significant drop; 277 condos sold in September compared to 398 last month and 286 last year. Although the number of condo sales were similar to 2010 [...]