The Edmonton Real Estate Blog
monthly-real-estate-report

Home Buyers Can’t Find What They’re Looking For, in Edmonton

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today, saying buyers in the Edmonton area are being a little more cautious these days: “Sales volumes are down, relative to the same time last year,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “It is likely that home […]

Edmonton-real-estate-report

Real Estate Market Correcting in Edmonton in January

Single family home sales were a little sluggish in Edmonton in January, ok maybe a lot sluggish… 308 single family homes sold in Edmonton in January, down 12% from last January and the lowest total since I’ve been keeping track (2005) and maybe longer. I don’t think many people will find this surprising, considering the […]

monthly-real-estate-report

Chart Topping Inventory of Homes on the Market in December

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today and gave some comments on the year as a whole: “2015 was a steady year for real estate in Edmonton. Edmonton and the surrounding areas experienced a decline in sales due to economic uncertainty, but we saw […]

monthly-real-estate-update-newyear

Home Buyers Get More Home for Their Buck in Edmonton in December

As we’ve seen all year, the real estate market in Edmonton in December was pretty average, albeit well below 2014 levels. 379 single family homes were reported sold in Edmonton, down 14% from a year previous and right around the same level we saw in 2010, ’11 & ’12. Condo sales were significantly down in […]

New-MLS-Search-Site

Update: New Edmonton MLS® Listing Search Site is Here!

Our Edmonton area MLS® Listing Search web site just got a major upgrade. Along with a completely new look and feel, visitors to the site will experience the most powerful MLS® listing search available in the Edmonton area. The new search bar, which appears on almost every page, offers many more detailed search options than were […]

monthly-real-estate-report

Lots of Listings to Choose from in the Edmonton Area in November

The inventory of homes for sale at the end of November was up almost 55% in the Greater Edmonton area. Interestingly, word on the street is that there’s not a lot to choose from, so either there’s a lot of over priced, undesirable properties on the market, or those people considering buying are hesitant or […]

Edmonton-real-estate-report

Single Family Homes Sales Still Strong in Edmonton in November

Those looking to buy a home in Edmonton still have lots to choose from compared to last year, even as the inventory continues its seasonal decline. With mortgage rates on the rise, those that still haven’t found what they’re looking for might be inclined to lower their expectations, but most will likely continue to wait. […]

monthly-real-estate-report

Real Estate Prices Up 1.7% in Greater Edmonton Area in October

Interesting times here in Edmonton. While the average price of residential homes sold in Calgary in October dropped 6% from last year, our average price actually increased 1.7%. As we noted in our preliminary report on Sunday, the average residential price was affected by strong luxury sales which made up a larger portion of overall […]

Edmonton-real-estate-report

Luxury Sales Boost Real Estate Prices in Edmonton in October

And the Edmonton real estate market surprises me once again… single family home sales are well down from last year, as we’ve seen all year, while the average price rebounded in October well above last year’s levels. While single family home sales were down the number of luxury sales were unchanged year over year. This […]

RogersPlace

The New Arena Will Bump the Value of Nearby Homes

*Image source: Rogers Place Web Site I found an article in the Calgary Herald this week about the construction of new stadiums, and how they affect real estate values that was very interesting. The article discusses research done by REIN (Real Estate Investment Network). With the new arena (Rogers Place) coming closer to completion every day, this […]

monthly-real-estate-report

Fall Market Brings Opportunities for Buyers in the Edmonton Area

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton real estate market today showing stable prices and decreasing sales. “The strength of prices in the Edmonton market is an excellent indication that we are maintaining stability,” explains Geneva Tetreault, Chair of the REALTORS® Association of Edmonton. “Buyers continue to see the benefits […]

Edmonton-real-estate-report

Single Family Home Prices Finally Start to Come Down in September

Our preliminary look at September’s market stats shows the results we’ve been expecting for awhile now; after seeing decreased demand and increased supply all year, the average price of single family homes has finally dropped on a year over year basis. When the final numbers are released, I expect we will find we are in phase […]

monthly-real-estate-report

Lots of Real Estate to Choose from in the Greater Edmonton Area in August

Plenty of people are trying to sell real estate in the Greater Edmonton Area with new listings and inventory up substantially over last year. The REALTORS® Association of Edmonton released their monthly report on the market yesterday showing increasing supply, lower demand, and stable prices. I was expecting to see the average residential sale price come […]

Edmonton-real-estate-report

Real Estate Prices Down Slightly in Edmonton in August

Here is our preliminary report on the real estate market in Edmonton for August. As we’ve seen all year, sales are down year over year, but for the first time this year, prices are down, just slightly. So, lets have a look at the stats… 789 single family homes sold in Edmonton in August, down 10% […]

monthly-real-estate-report

Edmonton Real Estate Market Hangs Tough Amidst Lower Demand and Higher Supply

The REALTORS® Association of Edmonton released their monthly stats on the greater edmonton real estate market this week showing the same trend we’ve seen all year – higher average prices and lower sales than the same time last year. Meanwhile, the Calgary Real Estate Board released an updated forecast on the Calgary market, from which we […]

Edmonton-real-estate-report

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 […]

monthly-real-estate-report

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 […]

monthly-real-estate-update-canada

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 […]

monthly-real-estate-report

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 […]