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
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 [...]
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 [...]
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 [...]
Edmonton Real Estate Market Slow, but “Normal”
Inventory continued its climb in Edmonton in June, reaching the second highest level for June on record. Last month we thought we were close to the peak of inventory, but we didn’t know sales would slow as much as they did this month. The REALTORS® Association of Edmonton released the June sales stats today calling [...]
Edmonton Real Estate Sales Continue to Decline in June
Edmonton residential real estate sales went from record highs last June, to record lows this June. Only 699 single family homes sold in Edmonton in June compared to 1092 last June. Sales of single family homes have stayed right in line with 2008 levels, as we’ve been predicting all year:
Condos followed a similar pattern, well [...]
Edmonton Housing Market “Relaxed” in May
The REALTORS® Association of Edmonton released the monthly stats today calling the housing market "relaxed."
“Financial incentives, changes to mortgage qualifying rules and the threat of increasing mortgage rates caused the local market to peak a little earlier this year,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “Buyers, sellers and REALTORS® can all [...]
Edmonton Luxury home market surges
The average residential sale price of Single family homes increased significantly in Edmonton in May, 2010. This was unexpected, but don’t get too excited as averages can be very misleading. It looks like the average was thrown off by a higher number of luxury sales – there were nearly twice as many sales of high [...]
Edmonton Real Estate Inventory on the Rise
The REALTORS® Association of Edmonton released their report on the Edmonton real estate market today showing the lowest residential sales since 2003. For the first time this year sales are lower than last year, and seem likely to follow the trend set in 2008: The average residential sale price dropped 1.25% from last month to [...]
Condos Perform Better than Single Family Homes in Edmonton in April
After strong sales and price increases in March, the housing market in Edmonton in April slowed down considerably. At a time when sales and prices are typically steadily rising, sales of single family homes were not typical. In April, single family home sales were about the same as March, and April 2009.
There were 452 [...]
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Edmonton Home Sellers Stand Their Ground
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Market Value – Just How Much is That Home Worth?
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Prices Catch up to the Market
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Weekly Update on the Edmonton Real Estate Market
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The Edmonton Real Estate Blog is published by Coldwell Banker Johnston real estate.
The authors, Sara MacLennan and Sheldon Johnston are both licensed real estate associates in the province of Alberta.
The opinions contained herein are those of the authors and are just that - their opinions. For legal information, consult a lawyer. For mortgage information consult a mortgage professional. For tax information consult an accountant. This information is not intended to solicit clients already under contract.
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