POSTS BY AUTHOR: JENNIFER
Posted on Dec 4th, 2013 by Jennifer
The sudden onslaught of winter did not slow real estate sales in November according to the REALTORS® Association of Edmonton. One month sales in November were the highest in five years. The figures are based on sales through the MLS® System in the Edmonton CMA.
The number of all-residential sales in the Edmonton CMA in November was 1033 reported, which was the highest number of sales in the month since 2009. There were 622 sales of single family homes, 323 condo sales and... read more...
Posted on Nov 5th, 2013 by Jennifer
The all-residential average price in the Edmonton CMA is $337,599 a +2.5% change compared to October 2012. The median price for a home in Edmonton is up at $327,250 compared to $315,600 last October.
All-residential sales totalled 1,454 in October, a positive change of 15.6% from the same month last year when there were 1,258 residential sales. There were 888 Single-family sales, 449 condo sales and 90 duplex/rowhouse sales (reported sales in brackets).
"Total annual sale... read more...
Posted on Oct 7th, 2013 by Jennifer
The REALTORS® Association of Edmonton released market housing statistics for the year to date (YTD) including the month of September. The all-residential average price for the first three quarters of the year in the Edmonton CMA is $350,741 as compared to $340,090 in 2012. In September, the allresidential average was $352,057, up 5.4% from a year ago and up from $351,455 in the previous month.
Year-over-year sales were also up 19.4% with 1,357 sales in September. There were ... read more...
Posted on Sep 5th, 2013 by Jennifer
The local housing market will not feel any pressure from the recent mortgage rate increases, according to the REALTORS® Association of Edmonton. Several of the major banks increased their mortgage rates in August because of changes in the bond market. The higher rate will increase the monthly payments on a typical mortgage or decrease the total amount that a buyer can borrow from their financial institution.
"Buyers applying for a mortgage now may have to buy a slightly less ... read more...
Posted on Aug 8th, 2013 by Jennifer
Sales of residential properties are up in double digit increments in all categories when compared to last
year, according to the REALTORS® Association of Edmonton. Total residential sales in July were up 24.9% year-over-year with 1,875 sales. Prices were also up year-over-
year in all categories.
The average price for a single family detached (SFD) property in the Edmonton Census Metropolitan Area in July was $410,372, down 0.5% from June but up 3.4% from a year ago. Con... read more...
Posted on Jul 9th, 2013 by Jennifer
In the first six months of the year, housing prices in the Edmonton Census Metropolitan Area (CMA) showed slow, steady increases. The all-residential average price was up 5.6% from the average price on December 31, 2012. Compared to June 2012, the current average price is up 4.2%.
"Economic conditions in the Edmonton area are generally positive and this is reflected in our local housing market," said EREB President. "Prices have risen slowly through the first six months and there is n... read more...
Posted on Jun 6th, 2013 by Jennifer
Housing sales activity in the Edmonton Census Metropolitan Area (CMA) slowed in May. Housing sales dropped 10% when compared to May 2012. Sales of single family detached homes (SFD) were down 14.4% Y/Y and duplex/rowhouse sales were down 20.3%. In contrast, condo sales were up 4.9% compared to May 2012.
"There is a lot of activity in the real estate market at this time of year but some buyers are having difficulty finding their perfect home," said EREB President. "While inventory... read more...
Posted on May 7th, 2013 by Jennifer
With the a later than expected arrival of spring, average prices for housing in the Edmonton Census Metropolitan Area (CMA) decreased month-over-month in April after a surprising uptick in March. The all-residential price (including single family detached, condominiums, duplexes and row-houses) decreased 1.8% over March to $348,535. Compared to April 2012, the all-residential price was up 2.0%.
"The second quarter is the most active time of year for rea... read more...
Posted on Apr 4th, 2013 by Jennifer | 1 Comment
Edmonton REALTORS reported that residential property prices in the Edmonton area were up again in March. The all-residential price (includes single family detached, condominiums, duplexes and rowhouses) rose 3.5% in a month and single family detached prices were up 3.9%. Compared to March 2012, the all residential price was up 4.3% and the single family home price was up 7.0%.
"The average price increases are influenced by the prices paid on particular proper... read more...
Posted on Mar 7th, 2013 by Jennifer
The REALTORS® Association of Edmonton reports that the housing market in the Edmonton area remains active. Residential listing activity was up 10% as compared to January and sales increased by 18.2%. The all-residential price (includes single family detached, condominiums, duplexes and rowhouses) rose 4.3% in a month.
While the average price for a single family detached home broke through a psychological barrier at $400,973 in February ($399,832 in Januar... read more...
Posted on Feb 6th, 2013 by Jennifer
Local housing market continues to grow
Year-over-year average prices and sales were up for most types of residential property in the Edmonton Census Metropolitan Area (CMA) in January. Single family dwelling average prices were down 1.93% from December but up 7.7% when compared to January 2012. Condominium prices were also down (-3.1%) month-over-month but up 1.7% year-over-year. The all-residential price was up year-over-year at $328,525 (+2.5%). THe average p... read more...
Posted on Jan 10th, 2013 by Jennifer
SOLID GROWTH IN 2012 REPORTED BY REALTORS
The local housing market in 2012 ended as it began, with robust sales, slowly increasing prices, stability and an optimistic swagger.
The average all-residential price in December was $333,140, up 1.5% from the previous month. The price in December 2011 was $316,020. Sales during December were 31% down from November and 16.8% down from last December.
"Although sales and listing activity were slower this December than... read more...
Posted on Dec 6th, 2012 by Jennifer
AVERAGE HOUSING PRICES MAKE DRAMATIC LEAP IN NOVEMBER
A significant lift in single-family detached prices from $372,061 in October to $382,923 in November drove up the all-residential average price from $324,924 to $331,198 (up 3.32% Y/Y).
Condominium prices, which surged upwards in October, dropped back to the September level for an average of $230,493. This is about 1% higher than a year ago. Duplex and rowhouse prices were $312,041 on average... read more...
Posted on Nov 5th, 2012 by Jennifer
The Realtors Association of Edmonton reports that housing prices in October were up compared to a year ago and are the highest in October in the past five years.
The all residential average price for the Edmonton MLS was up 0.6% at $325,924 when compared to October 2011. The average price of a single family detached home was $372,061 up 2.1% over a year ago. Condos were priced on average at $234,177 which was an uptick of 1.8% from a month ago and up 5.4% fro... read more...
Posted on Oct 22nd, 2012 by Jennifer
In September, there were 1,269 residential sales in the greater Edmonton market as compared to 1,442 in September 2011.
Despite the recent cooling trent, residential sales year-to-date are still up 7.2% as compared to last year at this time. There have been 14,565 residential sales to the end of the third quarter as compared to just 13,729 last year.
"There were changes to the mortgage qualification rules in March," said Realtor Association of Edmonton President. "... read more...
Posted on Sep 11th, 2012 by Jennifer
Residential property sales in August slowed both month-to-month and year-to-year, mirroring a trend that has evolved nationally all summer.
Sales of all types of residential properties in August (1,430) were down 17.4% from July and down 10.7% from a year ago. The number of people offering their properties for sale also slowed but not as sharply as sales. There w e r e 2 , 7 3 2 r e s i d e n t i a l properties listed on MLS in August; down 2.2% from a month ... read more...
Posted on Aug 13th, 2012 by Jennifer
The average price of resale residential property softened in July according to figures released by the Realtors Association of Edmonton.
The average single family detached price in the service area of the Edmonton Multiple Listing Service was down 2.3%, the average condominium price was down 2.1% and the duplex/row house price was off 3.25%.
"Housing prices continue to follow seasonal patterns but residential unit sale are 3.6% higher than last July," said Realtor Association ... read more...
Posted on Jun 5th, 2012 by Jennifer
Home buyers in Edmonton are facing one of the most affordable markets in Canada. Housing affordability index for Edmonton was just 32.4% of a typical household income.
"While housing prices are higher in Edmonton than last month, they are inching up in manageable increments," said REALTORS® Association of Edmonton President."The total amount a home buyer has available for a home purchase is based on the amount they can afford to pay ea... read more...
Posted on May 3rd, 2012 by Jennifer
Edmonton's April real estate activity reported continued month-over-month growth as the Spring market advanced.
Overall sales increased over March figures by 8.4%, as new listings dropped by 0.2%. Compared to last April, sales of houses and townhouses increased by 29.72% and 4.70% respectively, condo apartments also saw increased sales over last April by 0.43%.
Single-family property sales in April numbered 825 homes at a median sale pric... read more...
Posted on Apr 9th, 2012 by Jennifer
Edmonton's March real estate activity showed healthy month-over month results as the Spring market went into full bloom.
Overall sales increased over February figures by 31.13%, and listings grew by 20.43%. Compared to last March, s a l e s o f h o u s e s a n d townhouses increased by 13.83% and 6.82% respectively, while sales of condo apartments fell below sales last March by 20.0%.
Sing... read more...
Posted on Mar 7th, 2012 by Jennifer
The Edmonton and area real estate market mirrored fluctuations recorded in most Western Canadian markets. Sales increased substantially compared to January, but fell short of activity one year ago.
The exception to the pattern was in sales of single-family detached homes, which numbered 568 this February, higher than both last year and last month by 16.6% and 38.2% respectively. The median price ($347,875) was 0.8% higher than January 2012 and 2.3$ higher tha... read more...
Posted on Feb 17th, 2012 by Jennifer
The Edmonton and area real estate market followed the usual trend this January, with prices generally lower than the previous month and sales on par. Except for the condo market, year-over-year prices and residential sales were up.
"We are predicting a slow but steady growth pattern for the market in 2012 and, as usual, this year started off slowly but is already showing signs of strength as we roll into spring," said REALTORS® Association of Edmonton President. "Listin... read more...
Posted on Jan 9th, 2012 by Jennifer
Overall residential sales in the Edmonton and area real estate market recorded a typical seasonal slowdown during the final month of 2011.Overall listings in December declined by a significant 43.9% compared to listings new to the market in November.
Sales of single-family properties (366) were 31.2% lower than November sales; sales of townhouses (76) declined by 5% compared to the month before, and condo apartment sales (151) increased over No... read more...
Posted on Dec 7th, 2011 by Jennifer
November sales in the Edmonton Real Estate market recorded typical seasonal adjustments compared to October results.
Overall residential sales declined by 13.7%, with apartment sales down by 22.7% and single-family and townhouse sales falling below October results by 9.2% and 9.1% respectively.
532 single-family properties found new owners during November this year, at a median sale price of $340,000. An equal number of sales occurred above and below the median price.&nb... read more...
Posted on Nov 8th, 2011 by Jennifer
850 Residential properties found new owners in the Edmonton real estate market.
Single-family property sales (586) declined below numbers reported in September this year, but were 20.3% higher than sales in October 2010. The median sale price for single-family properties was $347,575 compared to $355,000 the month before and $341,000 one year ago. New listings of single-family properties totaled 979 during October, a decline from September new listings by 15.... read more...
Posted on Oct 21st, 2011 by Jennifer
Paul recently was in Quebec City for the RE/MAX conference and came back full of new energy and ideas to put in place. It was a wonderful experience for him and we are all excited to move forward with the suggestions his colleagues from across Canada and the US shared.
One of the main focuses on his trip was a face to face meeting with the Cross Canada Referral (CCR) network. This is a group of independent top producing RE/MAX Real Estate Agents from across Canada who are ... read more...
Posted on Oct 5th, 2011 by Jennifer
The owners of single-family homes in Edmonton and area have seen the value of their property increase more than many other investments.
While the stock market and dollar have plunged recently and interest on savings accounts is minimal, local homeowners are seeing a 5% increase in the value of their residential property this year. Compared to prices on December 31, 2010, a single family dwelling has increased on average 5.1% and a condo has increased 4.... read more...
Posted on Sep 22nd, 2011 by Jennifer
The average price of a single-family home has remained remarkably stable for the past four years according to figures released by the REALTORS® Association of Edmonton.
The average selling price in August has varied from a high of $372,000 in 2008 to the low of $367,700 in 2009. This August, SFDs sold on average for $370,438.
"Other real estate markets have seen recent boom and bust cycles that are not evident in our local market," sa... read more...