August was a surprise. It started off slowly but by month end, sales volume rose comfortably and exceeded last year’s volume. Prices have moderated from the peak of spring and summer, but they remain above last year’s values.

Sales Prices

In August 2021, average sales prices were $383,180 which is about 2% UP when compared to August 2020. In July 2021, prices were higher at around $391,083. We have almost certainly seen the peak for the year, although prices may recover between September and December 2021. 

Sales Volume

Last August there were 1070 total Edmonton sales registered. This year and after a slow start, 1172 sales were registered at the time of writing which is 10% UP on last year. Considering that the market has been…

In July, average sales prices moderated, and home sellers gave up some of the equity they gained during the late winter and spring market. This would be expected during a normal year and is line with earlier years. Days on market stayed low.

Sales Values

In July 2021, average sales prices were $391,086 which is about 6% UP when compared to July 2020. In June 2021, prices were higher at around $405,000. We have almost certainly seen the peak for the year, although prices may recover between September and December 2021. 

Sales Volume

Last July there were 1461 total Edmonton sales registered. This year only 1248 sales were registered which close to July 2019. Considering that the market has been ‘over performing’ all year, this…

In June, average sales prices moderated and came down just a touch and as expected. Sales volume however continued to surprise with record sales numbers. Days on market stayed low, compared to last year.

Sales Values

In June 2021, average sales prices were $404,467, 12% UP when compared to June 2020. In May 2021, prices were a tad higher at $405,047. Have we seen the peak for the year? I would expect prices to moderate with the possibility of a second ‘mini peak” during the last 3 to 4 months of the year.

Sales Volume

Last year there were 1370 total Edmonton sales registered in June. This year, June 2021 confirmed record breaking activity with 1507 sales registered. I expect to report a gradual drop off in activity over the…

In May, sales prices blew through the roof compared to last year, although sales volume did flatten off. With strong buyer demand during the summer months and lower inventory, we anticipate brisk activity over the next 3 to 6 months.

Sales Values

In May 2021, average sales prices climbed to a record high at $405,047, well above the average price of $395,567 in March. Have we seen the peak for the year? No one knows for sure and certainly in a normal year, we would see sales prices peak in May and June.

Days on Market

Our days on market stat. continues to amaze. Buyers have been snapping up homes ever more quickly since the start of the year. Average days on market in May was only 32 days, compared to 62 days in 2020 and 49 days in…

In April, sales volume blew through the roof compared to last year, although price gains moderated. With strong buyer demand and lower inventory, we anticipate brisk activity during the next few months.

Sales Values

In April 2021, average sales prices stayed high at $395,567, just below the average price of $396,006 in March. Have we seen the peak for the year? No one knows for sure and certainly in a normal year, we would see sales prices peak in May and June. 

Days on Market

Our days on market stat. continues to amaze. Buyers have been snapping up homes ever more quickly since the start of the year. Average days on market in April was only 39 days, compared to 62 days in 2020 and 57 days in 2019.

Sales Volume

Last year…

In March, sales volume blew through the roof compared to last year. With strong buyer demand and lower inventory, we anticipate brisk activity during the second quarter of 2021.

Sales Values

In March 2021, average sales prices were just under $396,000 compared to just under $346,000 last year, or 14% UP. Prices have strengthened during the last 3 months and we anticipate that they will stay high. 

Days on Market

Buyers have been snapping up homes very quickly. Average days on market in March was only 41 days, compared to 60 days in 2020 and 55 days in 2019.

Sales Volume

Last year there were around 775 total sales registered in March and here we are at month end with 1448 units reported sold, equal to an 87% increase over…

In February, sales volume blew through the roof compared to last year. With strong buyer demand and lower inventory, we anticipate brisk activity during the first quarter of 2021.

Sales Values

In February 2021, average sales prices were just under $375,000 compared to just under $360,000 last year, or 4% UP. Prices have strengthened since March 2020 and we anticipate that they will stay high. 

Days on Market

Buyers have been snapping up homes very quickly. Average days on market in February was only 50 days, compared to 60 days in 2020 and 63 days in 2019.

Sales Volume

Last year there were around 753 total sales registered in February and here we are at month end with 899 units reported sold, equal to a 19% increase over…

In January, sales volume blew through the roof compared to last year. With strong buyer demand and lower inventory, we anticipate brisk activity during the first quarter of 2021.

Sales Values

In January 2021, average sales prices were $368,589 compared to $353,227 last year or 4% UP. Prices have strengthened since March 2020 and we anticipate that they will remain higher, heading into 2021. Despite the effects of Covid 19, sales prices beat the previous year’s values in August, October and November and January 2021. 

Days on Market

Buyers have been snapping up homes very quickly. Average days on market in January was only 64 days, compared to 78 days in 2020 and 77 days in 2019.

Sales Volume

Last year there were around…

In December, sales volume stayed strong and for the most part sales values held well too. With strong buyer demand and lower inventory, we anticipate brisk activity during the first quarter of 2021.

Sales Values

In December 2020, average sales prices were $359,000 compared to $368,000 last year (when values spiked) and around $358,000 in 2018. Prices have strengthened since March and we anticipate that they will remain higher, heading into 2021. Despite the effects of Covid 19, sales prices beat the previous year’s values in August, October and November. However, the drop in values in March had an impact on the year. Average prices across 2020 were $365,000 compared to $378,000 in 2019, a price adjustment of about 2% down.

Days on Market

In November sales prices punched through the roof when 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

In November, average sales prices have been around $378,000 compared to $360,000 last year and around $382,000 in 2018. Prices have strengthened since March and we anticipate that they will remain higher for the balance of the year. Based on these numbers home prices are 5% UP on this time last year. 

Days on Market

Home buyers have been snapping up homes very quickly. Average days on market in November was only 55 days, compared to 70 days last year and 64 days in 2018.

Sales…