The Edmonton Real Estate Blog
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Luxury Sales Boost Average Home Price in Edmonton Area

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today showing lower demand and higher supply than last year, much like we’ve seen all year. In these conditions, it’s surprising that the overall average residential sale price increased by 1%, but this was partially due to a number […]

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Bigger Homes Sold in Edmonton Keep Average Prices High

Our preliminary monthly report on the Edmonton real estate market revealed some interesting stats. The average size of single-family homes sold in Edmonton reached it’s highest point since I started tracking the market in 2005 (1,573 square feet). Unlike most parts of the country, the average size of homes sold in Edmonton has been trending […]

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Mortgage Rule Changes Bump up Home Sales in October

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton real estate market yesterday saying: “The housing market in Edmonton continues to experience relative stability, with increased sales and steady prices year-over-year for October,” said Steve Sedgwick, Chair of the REALTORS® Association of Edmonton. “We typically see the market slow during the […]

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Slight Increase in Sales of Single-Family Homes in October Comes With Falling Prices

Sales of single-family homes were up slightly from last year in Edmonton in October. 689 homes were reported sold in October, up 2.7% from last year, a trend that is not likely to continue for the rest of the year. The “bump” was likely caused, at least in part, by the new mortgage rules that came […]

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Prices Remain Stable in Greater Edmonton Area While Sales Stay Slow

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today saying: “We expect to see listings and sales slow as winter approaches. We may begin to see the effects of slight downward pressure on prices, but do not expect to see any drastic movement as our market […]

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Buyers Get More Home for Their Buck in Edmonton in September

Sales of single family homes in Edmonton were downright average in September: 733 single family homes were reported sold in September, down 8.9% from last year and right in the middle of the totals we’ve seen for the past 8 years: Condo sales on the other hand were tied with 2011 for the lowest number sales […]

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Greater Edmonton Real Estate Market Stable in August

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate Market today showing sales in the normal range for this time of year, but lower than the past few years. “Alberta’s economy has been under enormous pressure for some time, but the residential real estate market in the Edmonton Census […]

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Real Estate Market Typical in August, Albeit Slower than the Past Few Years

The single family home market in Edmonton is performing a bit better than the condo market, all things considered. With a high inventory of resale apartment condos competing with glitzy new downtown highrises, where many sales are not reported through the MLS® system (builders often sell directly), selling a condo in Edmonton can be a bit […]

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Greater Edmonton Real Estate Prices Remain High Despite Sluggish Sales

The REALTORS® Association of Edmonton released their monthly report on the greater Edmonton real estate market this week with some unexpected results. The overall average residential price continued to rise to a new record high in July, while sales decreased, and inventory increased on a year over year basis. Here’s our snapshot on the market […]

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Real Estate Prices Hang Tight in Edmonton in July Amidst Lower Sales

We continue to see buyers getting more house for their buck in Edmonton in July, along with slower sales and higher inventory than last year. It’s starting to look a bit like 2009, when the first half of the year was pretty normal in terms of sales, and the second half slowed down quite bit. […]

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Buyers Getting More Bang for Their Buck in the Greater Edmonton Area

The greater Edmonton area real estate market looked a lot like May, in June with similar numbers of sales, inventory and days on market. Prices remain stable on a year over year basis, as they’ve been since February. “Although June’s residential unit sales are up slightly over May, we did not see the numbers set […]

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Condo Prices up in Edmonton in June

After a rather promising May, the real estate market in Edmonton was a bit of a let down in June, the only bright spot being condo prices. Sales of single family homes were down 16% from last June (934 single family home sales were reported). Condo sales have been sluggish all year and although we […]

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Inventory of Homes on the Market Continues to Rise in the Greater Edmonton Area

The inventory of homes on the market continued to climb in the Greater Edmonton area in May, up 12% from last May and 45% from two years ago, but still significantly lower than the record levels we saw in 2008. Residential sales were 5.3% lower than last May, but I don’t think we’ve hit our […]

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Edmonton Single Family Home Sales Up From Last Year in May

For the first time this year, single family homes sales are ahead of last year in Edmonton! Say what? Condos are another story but we’ll get to that in a minute. There were 931 single family home sales reported on the MLS® in May in Edmonton, up 2.8% from last May and in the normal […]

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Edmonton Area Home Sellers Hang Tight as Prices Hold Steady in April

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate market today showing stable prices and rising inventory, a continuing trend for 2015. There are a few factors at play in the market right now. The first factor I’ll mention, which I’ve written about a few times, is that there are […]

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Warm April Weather Brings Cooler Home Sales to Edmonton

Our preliminary market report for April shows single family homes sales in Edmonton in April were slightly below average for this time of year. 798 single family home were reported sold in April, down 6.4% from last year. Condo sales were quite slow in Edmonton in April, 354 condos were reported sold, down nearly 13% […]

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Real Estate Prices Steady in Greater Edmonton Area With Inventory on The Rise

The REALTORS® Association of Edmonton released their monthly report on the real estate market today showing a growing inventory of homes on the market and steady prices. Looking at the first quarter of 2016, sales were down 6.9% compared to the first quarter of 2015. With that being said, many homes are selling with multiple offers, one […]

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Luxury Sales Boost Average Price of Edmonton Single Family Homes in March

A big rebound in the average price of single family homes in Edmonton in March was due in large part to an increase in luxury sales, including two sales over $3million. The market as a whole was surprisingly strong in Edmonton in march; 731 single family homes were reported sold in Edmonton in March, just […]

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Real Estate Prices Stable in Greater Edmonton Area, Despite High Supply & Low Demand

  Based on year over year comparisons, we’ve seen lower sales and higher inventory every month for over a year, and yet, prices are holding relatively stable in the greater Edmonton area. The REALTORS® Association of Edmonton released their monthly report on the real estate market in the Greater Edmonton area today, pointing out the substantial increase […]

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Preliminary Real Estate Market Report; Feb. 2016

Single family home sales picked up to about the level we saw in 2011 and 2009 in Edmonton in February. 479 single family homes sold in Edmonton in February, down 8.8% from the same month last year. Condo sales meanwhile fell below the levels we’ve seen for the past 8 years; 220 condos sold in […]