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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 74 blog entries about Market Reports.

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…

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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…

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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…

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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…

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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…

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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

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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…

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In October 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

So far this October, average sales prices have been around $382,000 compared to $365,000 last year and around $376,000 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 so far in October is only 51 days, compared to 65 days last year and 58 days in…

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So far in October sales prices are continuing to punch 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

So far this October, average sales prices have been around $390,000 compared to $365,000 last year and around $376,000 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 7% UP on this time last year.

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 October is…

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September Market Report

Sales prices are breaking records in Edmonton at this time. In September, homes sold for about $300 more than September 2019.

Sales Values

In September 2020, average sales prices were around $379,686 compared to $379,499 last year & around $374,000 in 2018. In general, prices have strengthened since March. 

Sales Volume

 

After record breaking results in June & July, we are pleased to see sales volume came back strongly in September this year. Recorded sales were 19% UP, compared to last September when 944 sales were registered. Total homes sold this September was an impressive 1121 units. 

Days on Market

In September 2020, home buyers wasted no time selecting & purchasing their next home. Average days on market in…

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