Market Reports

For the latest information about the Edmonton home and condo sales market read our reports first...

Found 18 blog entries about Market Reports.

 

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

82 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

111 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

266 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

288 Views, 0 Comments

Summary:

Home buyers jumped into the market with enthusiasm this year. There were more homes purchased in January 2018 than in January 2017. However, values did soften and buyers have been taking their time to make selections.  It took 11 day longer to find a buyer this year, than in 2017.

Numbers Sold:



There were 71 MORE homes sold in January 2018 compared to the same month last year and this is good news indeed. The total number of condos and single-family homes sold was 667.

Month End Inventory

Compared to the end of January 2017 there was 421 MORE listings for sale year. The equates to a 7 month supply. In general, a 3 or 4 months’ supply of homes for sale is preferred to keep the market vigorous.

Days on Market:

Not

338 Views, 0 Comments

Summary:

Perhaps spurred on by the impending changes to lending rules in Canada effective January 1st, 2018 homes sales volume picked up nicely in December. However, sales prices experienced a correction and days on the market increased.

Numbers Sold:

In December 2017 there were 107 MORE homes sold than in December 2016. That is 716 homes sold in 2017, compared to only 609 homes sold in 2016. Encouraging.

However, month-end inventory levels went up to 4708 homes for sale compared to only 3815 homes sale in December 2016. This represents an increase of 893 homes or 7 months supply.

Days on Market:

Homes went under contract in 69 days this December to 66 days in December 2016. This could be significant when the higher levels of

203 Views, 0 Comments

 

Summary:

October 2017 proved to be a positive experience for home sellers across the Edmonton market. The market put its nose up. Sales values increased. Days on market is about the same and the inventory surplus is starting to come down.

Sales Values:

The average sales price of a home in Edmonton in October 2017 was around $376,000 compared to approx. $372,000 in 2016. This means that home sales values were UP again by 1% over the same period last year or just over $4,000 on average.

Days on Market:

It took 58 days to put most homes under contract in October 2017 compared to 57 days in 2016. This is not significant in our view and speaks to the underlying strength of our market here in Edmonton.

Numbers Sold:

344 Views, 0 Comments

Summary:

The market took an interesting turn in September. Days on market was up, inventory levels are high and prices declined. Could this be a great time to buy?

Days on Market:


In September 2017 most home sellers put their homes under contract in 55 days, up one day from September 2016. Frankly given the elevated levels of inventory, we are not surprised that the market would slow a little. Buyers simply have more time to pick and choose their next home.

Numbers Sold:



988 homes sold in Edmonton during the month of September 2017, compared to 1090 homes sold in 2016. Does this mean more people are holding off and renting instead? Current inventory is also high. At the end of September 2017 there was 6308 homes for sale across

321 Views, 0 Comments

Summary:

Home sales values strengthened in August and homes took only 54 days to sell on average. Will this pattern continue? We suggest you read the outlook section below.

Sales Values

 

August home sales prices showed a nice increase over the same month in 2016. Home sellers this year received approximately $2924 MORE than did home sellers last year. The average sales price for August 2017 was $375,099 compared to $372,175 last year. We would consider this to be a balanced & healthy market.

Days on Market

 

August home sellers both in 2017 and 2016 fared the same, in terms of time on the market. 54 days was how long it took sellers to put their homes under contract. This is a very good sign from most perspectives.

Numbers

262 Views, 0 Comments

Summary:

In July, the Edmonton homes sales market continued to perform strongly. Values are holding. Days on market is down. However, inventory levels continue to climb. There is now a 6-month supply of homes for sale, based on current demand.

Days on Market

Homes for sale in Edmonton continued to sell quickly this past July. The average seller was putting their home under contract in only 51 days, down one day compared to 2016. This suggests ongoing and underlying confidence on the part of home buyers.

Sales Values

July prices remained stable. Edmonton home sellers in July received just $291 less than did those in 2017. The average sales price for July was $387,535 compared to $387,826. We would consider this to be a balanced

280 Views, 0 Comments