Edmonton, June 05, 2017:
In the Edmonton Census Metropolitan Area (CMA), all residential unit sales for May 2017 are up 25.37% relative to April 2017, and down 2.78% compared to May 2016. Relative to this period of time last year, the year-to-date sales are up 38.19% month over month and 2.70% year over year.
Absorption is 5.35 Months of Inventory. Contact me to discuss what this means for the Edmonton Real Estate Market.
Edmonton Real Estate
Edmonton, May 2, 2017:
In the Edmonton Census Metropolitan Area (CMA), prices in all residential categories increased both month over month and year over year. The single family home average price increased in April 2017 to $439,438, up 0.07% compared to March 2017 and up 0.03% relative to April 2016. The condominium average price was $257,740 in April 2017, an increase of 6.23% over March 2017 and an increase of 2.32% compared to April 2016. Duplexes and rowhouses average price increased to $357,815, 2.58% higher than March 2017 and 4.97% higher than April 2016.
Edmonton Real Estate Market Report for the month of March, 2017
Emonton, April 4, 2017:
In March, 1,474 MLS® system listed properties sold in the Edmonton Census Metropolitan Area (CMA), which is an increase of 31.8% over February 2017, and an increase of 1.8% relative to March 2016. New listings were also up this month to 3,080, an increase of 26.7% compared to February 2017 and increase of 1.4% in March 2016.
“We generally see activity in the housing market start to increase at this time of year,” says James Mabey, REALTORS® Association of Edmonton Chair. “Buyers can look forward to more inventory to choose from and sellers can count on more buyers in the marketplace.”
Average prices are increasing in all categories compared to…
Thank you reading our February 2017 Edmonton Housing market report.
3 important takeaways from February's numbers:
Point 1. Reported unit sales continued to outperform 2016 in the Edmonton Census Metropolitan Area (CMA), with all residential categories increasing 26.6% in February 2017.
That is good news.
Point 2. INVENTORY . Year over year almost 15% decrease in the number of listings. ***
Point 3. Although the board does not cover this in the monthly report The Absorption rate is 4.95 Months total for Single Family homes & condominiums. If you're looking for an indication of where the market is headed, I always suggest looking at this calculation and even going further in the detail by looking at the absorption rate for Zone /…
The Edmonton real estate market had an overall positive performance in 2016 despite ongoing economic uncertainty throughout the province. Where are we headed in 2017?
Single family homes in Edmonton performed well in 2016, ( compared to the rest of Alberta ) with a slight drop in overall unit sales and average prices. The overall unit sales are predicted to continue to decline until the middle of 2017, ending the year approximately 1.7% under 2016 numbers.
Single Family Homes : -5.4 %
Duplex / Rowhouse: +8.3%
A summary of the Edmonton Real Estate for 2016 from the 2017 REALTORS Forecast today :
Edmonton Real Estate Sales for November 2016
Edmonton, December 2, 2016: The average monthly selling price for single family homes increased by 3.95% and 6.39% for duplexes and rowhouses relative to October 2016. Condominiums experienced a minor decrease in price of 1.68% relative to October 2016. Prices for single family homes grew 1.76% relative to November 2015. November’s unit sales dropped 11.41% relative to the same period last year. This is encouraging for the Edmonton Real Estate market as we close out the 2016 year.
The all-residential listings average selling price increased 2.52% to $373,174. Single family homes increased to $440,496 and duplex/rowhouses increased to $353,818. Condominium average prices decreased slightly to
The average sale price of single family homes for the city was $429,325
The Median price was $389,450
Average days on the market was 51 for single family homes and 59 days for Condos to move.
9 properties sold that were over 1 million dollars. The most expensive being sold in the neighbourhood of Glenora.
The average price of Edmonton condos was down 1.7% to…
The single family home market in Edmonton is performing 4.6% down in sales volume from this time last year. (753 homes were reported sold). (11 of which were over 1 million dollars)
363 condos sold in Edmonton in August, down 12% from last year.
The average price per square foot for single family homes was down 1% to $282 and condos were down 2.8% to $243.
At 1,433 units reported sold, all residential sales in the Edmonton CMA were down 5% m/m and down 2% y/y. 861 single family homes were reported sold in August 2016, down 3% from the previous year. Reported condo sales at 406 were down 6% over August 2015. Duplex/rowhouse sales at 136 were up 11% over last year. New residential listings were down 5%…