Covid 19 has changed our market. 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 week, every month and every quarter with this information. Read our reports first before you sell or buy any home in the metro Edmonton area...
Many of you will be wondering how the Covid 19 health crisis has affected our market and we are pleased to publish the following results.
There is always a market in the larger centres like Edmonton and despite a one off incident like Covid 19, over 4,800 home buyers decided to take the plunge and purchase a home equal to an adjustment of about 18%.
Buyers have been able to negotiate with many worried home sellers and on average home buyers were able to secure a discount of about 5% compared to last year. To many people this will come as a surprise. Many people we talk believe that values have dropped by much more.
It’s taking about a week longer to sell than last year. Not that significant.
During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets.
Here is our report for the last 7 days. Week ending July 3rd 2020.
Community
# Homes Sold
Days on Market
Average Price Paid
Edmonton
282
63
$358,677
St Albert
29
35
$450,062
Sherwood Park
25
53
$410,176
For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us
The number of homes sales in June 2020 surpassed that of 2019 and 2018.
1288 homes sold in June 2020 compared to 1287 in 2019 and only 1267 homes sold in 2018.
Sales values are lower than for the last 2 years and home sellers are currently allowing about a 5% discount when compared to 2019.
The average price paid for a home in metro Edmonton in June 2020 was $360,346 compared to $378,813 last year.
However, the average price paid in May 2020 was $358,891 and so values have climbed and especially so since March when average prices were only $345,828 which is right when the Covid 19 pandemic really hit home in Edmonton.
For the balance of the year, we anticipate strong pent up demand and due to reduced inventory levels, (there is
During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.
Here is our report for the last 7 days. Week ending June 26th, 2020.
Community
# Homes Sold
Days on Market
Average Price Paid
Edmonton
257
53
$348,242
St Albert
34
43
$468,435
Sherwood Park
33
40
$400,097
For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us
During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.
Here is our report for the last 7 days. Week ending June 19th, 2020.
Community
# Homes Sold
Days on Market
Average Price Paid
Edmonton
303
56
$388,444
St Albert
40
41
$449,736
Sherwood Park
27
45
$388,055
For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us
During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.
Here is our report for the last 7 days. Week ending June 12th, 2020.
Community
# Homes Sold
Days on Market
Average Price Paid
Edmonton
230
56
$328,750
St Albert
25
40
$381,920
Sherwood Park
27
37
$383,500
For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us
During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.
Here is our report for the last 7 days. Week ending June 5th, 2020.
Community
# Homes Sold
Days on Market
Average Price Paid
Edmonton
234
58
$353,112
St Albert
23
39
$396,523
Sherwood Park
23
61
361,297$
For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us
During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.
Here is our report for the last 7 days. Week ending May 29th, 2020.
Community
# Homes Sold
Days on Market
Average Price Paid
Edmonton
189
54
$354,617
St Albert
11
30
$418,000
Sherwood Park
12
56
$407,141
For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us
During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.
Here is our report for the last 7 days. Week ending May 22nd, 2020.
Community
# Homes Sold
Days on Market
Average Price Paid
Edmonton
181
65
$371,782
St Albert
12
63
$408,125
Sherwood Park
9
45
$442,944
For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us
During the Covid 19 health crisis its especially important that you watch for the latest trends as our market reacts to the crisis. Each week we will publish a market report for each of the main metro Edmonton markets for your review.
Here is our report for the last 7 days. Week ending May 15th, 2020.
Community
# Homes Sold
Days on Market
Average Price Paid
Edmonton
152
66
$339,912
St Albert
16
49
$385,406
Sherwood Park
14
60
$436,978
For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us
