Blogs

January 2022 Greater Edmonton Real Estate Activity   If you were selling a home in Edmonton, then January 2022 was a particularly good month for you!  It was a busy month with more single-family homes sold than there were in January of the previous 5 years. We also saw the average selling price in Edmonton go up 3.3% from this time last year. With ‘inventory’ (the number of homes available ...

December 2021 Greater Edmonton Real Estate Activity We ended 2021 with a bang! While the sales during the holiday season declined from November, we finished the year with record year-to-date sales. In 2021, 24,652 residential properties sold versus an average of about 17,000 over the past four years. The strong sales for the year were reflected in the decrease in inventory to a new low of 4 ...

November 2021 Greater Edmonton Real Estate Activity Wow, we had strong sales for this time of year as Buyers were unusually active this past November. Sales increased 30.9% when compared to last November and only dropped by 2.1% from October. We would normally expect around 1200-unit sales, but we realized a total of 1823, only forty-three less than what we saw in an extraordinarily strong O ...

Your browser does not support the video tag. October 2021 surprised me a bit with a total of 1866 unit sales, an increase of 11.7% compared to 2020 and only 0.5% below what we saw in September. Typically, as we move into the fall season sales cool but not this year. While the Single-Family category was strong, the sales of Condominiums were 26% higher year-over-year and Duplex/Rowh ...

September 2021 Greater Edmonton Real Estate ActivitySeptember saw the Single-Family home sales report lower than the previous year which is something we haven’t seen for while. This category has led the Edmonton real estate sales during this COVID period but appears to be shifting into a more balanced zone. While sales were down 2.8% year-over-year they were still strong from a historical per ...

August 2021 Greater Edmonton Real Estate Activity We had another strong month of sales this August when compared to previous years indicating that the strong buyer demand we’ve experienced still has legs. With an increase in inventory, we saw a moderation in the overall sales price’s month-over-month and a shift into a more balanced market. What to expect this September? We usually see redu ...

July 2021 Greater Edmonton Area Real Estate Activity As is typical when we move into the summer season the hot weather of July brought a bit of a cooling in the overall sales when compared to June 2021. “The Edmonton market in July saw a balance in residential unit sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “The year-over-year residential unit sales were only slightly ...

June 2021 Greater Edmonton Area Real Estate Activity We once again saw record monthly sales but noticed some moderation in the Single-Family category. It declined 6.94% month-over-month while the Condominium and Duplex categories held steady. The good news for Buyer’s is the increase in inventory along with the number of new listings. Adding more choice will help balance the market and ease ...

May 2021 Greater Edmonton Area Real Estate Activity “The Edmonton market in May saw a significant increase in year-over-year residential unit sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to May of last year, while month-over-month activity has started to cool off compared to April. Whil ...

  April 2021 Greater Edmonton Area Real Estate Activity   The spring market in the Edmonton area is cooking! Sales in April continued the strong trend that began in May 2020 with the Single-Family category the most active selling on average in only 30 days. It’s definitely a “seller’s market” with in some cases homes receiving multiple offers. We saw a nice increase in the number of new l ...