Market Reports

Staying informed when are selling a home or buying one is crucial so that you make the right choices at the right time. We pride our ourselves on being 'first to market' every month with this infomation. Read our reports first before you sell or buy any home in the metro Edmonton area... 

Found 28 blog entries about Market Reports.

Summary:

If you are ready to buy a home this could be the time to jump into the market. Prices have remained low this last 2 months. We don’t expect this trend to continue. 

Sales Values:

Home buyers continued to push their advantage in November. Home buyers were able to secure deep discounts compared to this time last year. On average, home buyers paid $369,336 equivalent to a 4% discount over last year, although it should be noted that buyers paid premium prices in November 2017, to beat the lending rule changes coming into effect January 2018.

Numbers Sold:

750 buyers purchased homes in November 2018 down by 155 units last year. This suggests that despite the outstanding deals to be had, many buyers are sitting on their hands

83 Views, 0 Comments


Summary:

The market definitely faltered in October. Against the backdrop of a very strong September, this is surprising. However, based on years gone by, we do expect November and December to be excellent months for home sellers.

Sales Values:

In October, it was home buyers that got the upper hand. Home buyers were able to push for noteworthy discounts. On average, home buyers paid $364,804 which is equal to 3% LESS than this time last year. It should be stressed that this pattern is not common. In general home values, particularly for single family homes, have remained robust throughout 2018. 

Numbers Sold:

Sales volume was also down. In October this year 813 homes were sold down by 196 units for October 2017. Was it weather

179 Views, 0 Comments

Summary:

For those ready to downsize this could be the ideal moment. The current home selling market is essentially a story of 2 halves. Single family homes are selling for MORE than homes sold last year. Condominium values are down. What a great time to cash out and buy a discounted condo. Read below for the detail.

Sales Values:


On average, home sellers in Edmonton received about 1% or $5460 MORE than did home sellers in 2017. This growth is almost exclusively coming from the single-family segment. Unfortunately for condo sellers, values are 4% down on this time last year. If you are thinking about buying a condo could this be the time to jump into the market?

Numbers Sold:

Don’t let the graph fool you. In September 2018 a

217 Views, 0 Comments

Summary:

Are we in a buyers’ market or a sellers’ market? In my view we are in a balanced market especially when we look at how many homes sold and the prices they sold for. Read below for the details.

Sales Values:

Don’t let the graph fool you. Sellers gave up only 1% in value when compared to home sellers last year. Homes sold in Edmonton for only $3,700 LESS (approx.) than last year. This is so insignificant potential home sellers should proceed confident that they can sell for a good price.

Numbers Sold:

In August 2018 a total of 1087 homes sold. In August 2017 there was 1149 sold. The difference? 62 units. In my view this is not significant.

Days on Market:

Days on market jumped by 8 days that is homes sold in 62

401 Views, 0 Comments

Summary:

The Edmonton home selling market continued to show its strength in July. We witnessed almost the same number of transactions as last year. Days on market was similar. Values have been challenged a little.

Days on Market:

In July home sellers were witnessing success in only 54 days, up 3 days from last year. Home sellers who are still on the market after about 60 days, should be asking their REALTOR® for advice, as there is something wrong with their positioning.

Month End Inventory:

Although month end inventory was 1020 units UP on the same time last year, this number has come down from June which was at 1245 unsold homes for sale.

We expect that this number will further slide as unmotivated home sellers start to

179 Views, 0 Comments

Summary:

As we reach the peak of our market, home sellers are witnessing success in a reasonably short time period. Average days on market was just 53 days in June. However, sales values are aggressively being challenged and buyers can now pick up some significant bargains, if they know how to approach the market. Read the details by scrolling through the report.

Days on Market:

Homes continued to sell in a reasonably short period of time. On average home sellers were under contract in 53 days up by 3 days in June 2017. If your home has been on the market for a lengthy period it might be time to make some changes to your positioning. 

Month End Inventory

This part of the story continues to grow. We have witnessed a steady

308 Views, 0 Comments

 

Summary:

Although sales volume was ever so slightly down in May compared to the same month last year, buyers purchased more quickly and paid a little more than they did last year. Read the details by scrolling through the report.

Sales Values:

Against the backdrop of very high inventory levels, home sellers did well in May. On average we saw home values across Edmonton increase by almost $2300. However, allowing for inflation, this is still a relative flat increase. It should also be noted that this increase was carried by single family sales. The condo market is currently over served and asking prices are being challenged.

Days on Market:

Days on market was also a pleasant surprise. Home buyers will most often take their

223 Views, 0 Comments

Summary:

If you are in the market for a new home, this is the time to buy. There is a now a wide selection of homes available and you may be able to negotiate a significant discount.

Read the details by scrolling through the report.

Numbers Sold:

Perhaps the best news for sellers in April 2018 is that we saw 1131 homes sell. This confirms the overall size and strength of the market in Edmonton. However, this is the time when we look for sales volume to remain robust and perhaps even increase. There were 39 fewer sales than in 2017.

Days on Market:

Home buyers continue to take their time when selecting homes in April 2018. Average days on market increased by 2 days compared to the same time last year. Considering the much

195 Views, 0 Comments

Summary:

Despite the back drop of higher inventory levels compared to March 2017, home sales values remained stable. However, unit sales were down marginally and days on market jumped by 2 days. Read the details by scrolling through the report.

Sales Values:

During March 2018 homes were selling for almost as much as last year. This year on average home sellers received around $650 MORE than in 2017.

Month End Inventory

Compared to the end of March 2017 there was 764 MORE listings for sale this year. This equates to a 6 month supply.

In most circumstances we hope for a 3 or 4 months’ supply of homes for sale to maintain some rigor in the market.

Numbers Sold:

In total, 152 FEWER homes sold in March 2018 compared to

374 Views, 0 Comments

Summary:

After we saw sales values drop in January, they rallied nicely in February. This speaks to underlying confidence that home buyers have in the Edmonton market. We all have to live somewhere and renting is not a long term option for most.

Sales Values: 

Home sellers witnessed some uplift in January.

Sales values were on average $371,698, an impressive $7,300 UP on February 2017.

Month End Inventory

Compared to the end of February 2017 there was 480 MORE listings for sale this year. This equates to a 6 month supply.

Normally an extremely high supply currently a 3 or 4 months’ supply of homes for sale is preferred to keep the market vigorous.

Numbers Sold:

The actual number of sales dropped by 76 units. In

412 Views, 0 Comments