Edmonton Real Estate Blog - edmonton real estate market

Edmonton Real Estate Market Update For February 2014

The latest Edmonton real estate market stats for February 2014 are in and showing quite a bit of promise. With an amazing 24% increase in home sold, buying season is getting an early (and strong) start this year.

There is no question that February was a busy month for realtors in the Edmonton area. Greg Steele, President of the REATLORS Association of Edmonton, echoed these sentiments while noting that spring is only beginning and we should look forward to higher sales this month and moving forward into 2014. This is great news if you are selling but also if you are buying as a slight increase in listings will provide some balance to the market and give buyers more options.

Check out some of the highlights from the Edmonton real estate stats for…

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Edmonton Real Estate Market Update For January 2014

Not too much is out of the ordinary for the Edmonton real estate market update for January 2014. With a 10% increase in sales from the previous month, it seems that we are breaking the post-Christmas sales slump tradition.

Price stability and more property available for sale this month has resulted in a more balanced market with buyers and sellers being given more time to consider all of their options for housing needs. The average days on market dropped nearly two weeks to 61 days (down from 73), which is even more impressive when you consider the fact that there have already been four property sales over $1 million this year already.  

Check out some of the highlights from the Edmonton real estate stats for January 2014 in the infographic below.

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Edmonton Real Estate Market Update for June

As reported by the Edmonton Journal, last month Edmonton home sales jumped a healthy 7.6% compared to a year ago, according to the Realtors Association of Edmonton. In total, the June housing market saw 54% of listed homes sell for a total of $584 million (1,768 sales; 3,260 listings).

A couple of key factors behind this boost in sales are, of course, the hot Alberta economy and those good ol’ historically low interest rates – which make home ownership a reality for many people, especially first time home owners and former renters. 

However, another factor that is boosting home sales appears to be a slight dip in average selling prices, which further makes ownership affordable and attractive. The average price for a single family home fell 2.86% in…

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Edmonton Real Estate Marketing Heating Up

Though it may be freezing cold outside, the real estate market in Edmonton is heating up again!

As reported last Friday by the Edmonton Journal, Edmonton home buyers are enjoying a happy combination of: competitive home prices, healthy inventory, strong national sales growth, and historically low interest rates. All of that led to a boost in November MLS sales – the first such increase in five months. 

According to the Realtors Association of Edmonton: 

•  The average price of a single-detached home sold for $362,657 -- .5% lower than October 2010, and 2.5% lower than October 2009.

• Condo prices dipped to an average of $229,604 – a 2% dip from October 2009, and a 3% drop from November 2009.

• The average number of days a house remained…

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