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 31 blog entries about Market Reports.

Summary:

Compared to last January, this past month did not project well. Around 370 homes sold. However, they took longer to sell, realized lower values and excess inventory is up. However, this may not matter. Read our outlook for details.

Numbers Sold:

On total just over 370 single family homes sold in Edmonton during January 2019. Unfortunately, this does not compare well with 2018 when almost 440 units sold.

Sales Values:

Home buyers in January 2019 were able to press their advantage and secure significant discounts when compared to last year securing (on average) about an 11% discount. One month is not enough to indicate a longer-term trend. For example, for the whole of 2018 prices dropped by about 1% compared to 2017.

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Summary:

Is the Edmonton condo market turning around? Fewer days on market and reduced inventory may inject some life into the market later in 2019. Read the details for January here.

Days on Market:

Condo buyers in January this year seemed to act with some confidence, snapping up units for sale in only 91 days on average compared to 93 days last year.

Month End Inventory

At the end of January 2019 there was almost 350 FEWER units for sale when compared to January 2018. This may represent the light at the end of the tunnel for sellers as the market suffered from a chronic over supply last year.

However, based on current demand the 1845 units still for sale at the end of January represents a 10-month supply.

Numbers Sold:

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Summary:

December 2018 saw the Edmonton homes sales market slow but values held.

Sales Values:

As home buyers competed for homes in December and against the backdrop of lower supply, sales values rallied. On average, home buyers paid about 3% MORE than did home buyers in December 2017. Average sales prices were just over $367,000 in 2018, compared to approximately $357,000 in 2017.

Numbers Sold:

534 homes were sold in December down by 182 units sold in 2017. This suggests that despite the many very good deals on offer many buyers are sitting on their hands and waiting for a better time. This may be flawed thinking and they are likely to pay the same or more for homes in the mid to long term.

Days on Market:

As might be

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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

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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

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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

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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

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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

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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

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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

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