Blogs

The January residential sales picked up where 2020 left off with higher year-over-year sales! When compared to January 2020, the total residential unit sales increased by 47.1%. Single-Family sales led the way with an increase of 50.1% followed by Condominiums at 43.8% and Duplexes at 43.1%. The average residential sales price was basically steady when compared to December 2020 although up 3 ...

December 2020 Edmonton and Area Real Estate Activity Report This strange year of 2020 ended as a Seller’s market! We had a total of 17,036 homes sold in 2020, 487 more than 2019. Since May, the overall sales exceeded the prior year resulting in a 17.29% decline in inventory. While the sales declined when compared to November (typical for the time of year), the Sales to Listing Ratio’s were a ...

October 2020 Edmonton and Area Real Estate Activity Report October was another strong month for real estate sales in the Edmonton area when compared to the same month in 2019. Buyers were most active in the Single-Family category with sales up +38.02% followed by Duplexes at +24.13% and Condominiums at +2.37%. In fact, since last June, strong monthly sales have brought the year to date total ...

September 2020 Edmonton and Area Real Estate Activity Report The sales in all the residential categories once again exceeded the same month of 2019. Leading the charge was the Single-Family category up by an amazing +42.79% year over year, followed by Condominiums at +7.26% and finally the Duplexes at +1.7%. While we are still down on the total year to date sales, the activity is positive n ...

August 2020 Edmonton and Area Real Estate Activity Report We continued to see a strong demand for homes in the Single-Family and Duplex categories when compared to the same period in 2019 with Condo’s only slightly behind last year by four units. While the strong pace of sales declined somewhat in comparison to July, the overall demand shows some interesting trends. The pace of home sales in ...

July 2020 Edmonton Area Real Estate Activity Report  The Edmonton area real estate activity continued the momentum from June with sales in all categories up when compared to this past June and July 2019. In comparison to July 2019, the sales of Single-Family homes increased by 9.5%, Condominium’s by 11% and the Duplex/Town Home’s by a whopping 48%! Home prices held steady year over year des ...

June 2020 Real Estate Activity Report Wow, we expected the market would be a bit more active once some of the COVID precautions were eased but the Real Estate activity this June surpassed our expectations. Overall residential sales increased a whopping 77% when compared to May and exceeded June 2019 by 16%! It appears the pent-up demand that built up over March and April released in June. Sa ...

May brought higher sales than in April as we started to move out of the COVID-19 isolation. That said, sales and the number of new listings were down for May 2019. The average home prices dipped year over year in large part due to the reduced sample size and the reduction of higher priced home sales. What will June look like? We've seen an increase in both buyer and seller activity as we got ...

Wow, what a month! First, I want to wish everyone good health during this very difficult time in our history. Together we will get through this and with the strength of unity will meet this challenge head on. Regarding the Edmonton real estate activity, as demonstrated in the graphic, people are still buying and selling homes. That said, it doesn’t truly reflect the decline in activity which ...