The Edmonton Real Estate Blog
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Legal Suites Coming to Duplexes and Skinny Homes in Edmonton

Many people are not aware that suites in duplexes and townhomes are not legal in Edmonton, and this week City Council voted to prepare the bylaw amendments to allow secondary suites in duplex units and skinny homes. It’s going to take a long time though, don’t expect to see legal suites in duplexes and skinny homes […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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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 […]

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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 […]

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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 […]