Market Reports

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... 

Found 64 blog entries about Market Reports.

Sales prices are punching through the roof compared to the last 2 years. High sales values, combined with reduced inventory, means potential home sellers should consider entering the market now and anticipate an excellent outcome.

Sales Values

Home buyers have been snapping up homes more quickly than at any other time over the last 3 years. Average days on market so far in September is only 52 days, compared to 62 days last year and 55 days in 2018.

Days on Market


Home buyers have been snapping up homes more quickly than at any other time over the last 3 years. Average days on market so far in September is only 52 days, compared to 62 days last year and 55 days in 2018.

Sales Volume (mid month)

Last year there were around

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 Sales prices are breaking records in Edmonton at this time. In August, homes sold for 1% more than August last year.

Sales Values

In August 2020, average sales prices were around $375,160 compared to $371,381 last year & around $375,000 in 2018. That’s a jump of 1% & prices have strengthened since March.

Days on Market

 

In August 2020 home buyers wasted no time selecting & purchasing their next home. Average days on market in August was only 50 days, compared to 62 days last year & 54 days in 2018. 

Sales Volume

 

After record breaking results in June & July we are pleased to see sales volume stay strong in August this year. Recorded sales were only 19 units down, compared to last August when 1089 sales were

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Many people will be surprised to learn that prices across Edmonton are around the same as last year and the year before. Since sales values slumped in March due to Covid 19, we have seen a steady recovery, but will it be sustained?

Sales Values

So far this August, average sales prices have been around $370,000 compared to $371,000 last year and around $375,000 in 2018. Prices have strengthened since March and we anticipate that they will remain stable for the balance of this year.

Days on Market

Home buyers have purchased quickly. Average days on market so far in August is only 54 days, compared to 62 days last year and 54 days in 2018.

Sales Volume

Last year there were around 1090 sales registered in August and here we

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July home sales surged and records were broken. For the second month running the number of homes sales in July easily surpassed the number of homes sold in July 2019 and July 2018.

1461 homes sold in July 2020 compared to 1286 in 2019 and only 1127 homes sold in 2018.

Home buyers were also snapping up homes quickly. Average days on market in July 2020 was only 53 days compared to 54 days in 2019.

Unfortunately, sales values continue to show disappointing results, (for home sellers that is). For home buyers the Covid 19 crisis has provided a unique one off opportunity to purchase at a discount.

The average price paid in July 2020 was $367,546 compared to $378.740 in 2019, a difference of 3%.

However, since the slump in March caused

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During the Covid 19 health crisis, its especially important that you watch for the latest trends, as our market reacts to the crisis. Every other week we publish a market report for Edmonton Alberta.

Here is our report for the last 14 days. Week ending July 17th, 2020.

Year

# Homes Sold

Days on Market

Average Price Paid

2018

612

54

$379,057

2019

675

59

$363,023

2020

620

53

$369,638

 

For more details and specific information about the communities that interest you, please call the office at 780-760-2014 or email us Team@AmbergateRealtyAdvisors.ca

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Highlands & Bellevue*

Jan to June 2019

Jan to June 2020

Change

 

 

 

 

# Homes Offered

75

62

-13

 

 

 

 

# Homes Sold

40

22

-18

Absorption Rate

53%

36%

-17%

 

 

 

 

Average Sold Prices

$368,362

$382,961

+4%

Days on Market

63

65

+ 2 days

 

 

 

 

 * Source Edmonton MLS® System Highlands & Bellevue – Single Family

Fewer homes were offered, & far

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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.

At the end of June, there were 5829 homes and

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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

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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

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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

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