Market Reports RSS Feed

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 70 blog entries about Market Reports.

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…

252 Views, 0 Comments

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

359 Views, 0 Comments

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…

322 Views, 0 Comments

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…

328 Views, 0 Comments

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…

245 Views, 0 Comments

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…

347 Views, 0 Comments

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…

200 Views, 0 Comments

 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…

502 Views, 0 Comments

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…

306 Views, 0 Comments

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…

551 Views, 0 Comments