The Edmonton Real Estate Blog

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 [...]

While real estate sales are significantly higher than they were at this time last year (34% higher), the average sale price decreased slightly, a 0.42% drop. In August the average sale price for residential real estate in the Greater Edmonton area was $324,217 compared to $325,588 last August and $334,054 last month. The median price meanwhile was $315,000 in August [...]

While real estate sales reached a respectable level, prices dipped in Edmonton in August. The average sale price for single family homes was $381,320 in Edmonton in August, compared to $390k last month and last year. The median price was $353,750 compared to $356,500 last month and was up from $352,250 last year. It is not unusual to see prices [...]

The Edmonton real estate market saw minor improvements in July, lead mostly by single family home sales. There were 702 sales of single family homes in Edmonton in July, compared to 592 last July and 835 in June (it is normal to see sales decrease in July compared to June):

Condo sales were also up compared to last year with 398 [...]

The REALTORS® Association of Edmonton released the final numbers for Edmonton’s real estate market in June today. They pointed out a number of economic indicators from various sources, including:

Statistics Canada reported that Alberta boasted the highest spike in population in the first quarter with a 0.4% increase.
Although the Bank of Canada seems reluctant [...]