Paul Blais Top Edmonton Realtor

POSTS BY CATEGORY: MARKET OUTLOOK

Edmonton's April Real Estate Market

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...

Edmonton's March Market

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...

Edmonton's February Market

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...

Edmonton's January Market

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...

Edmonton December 2011 Real Estate Market Update

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...

Edmonton's November Market

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...

Edmonton's September Real Estate Market

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...

Edmonton's August 2011 Market

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...

June 2011 Market Update

Economic and other external indicators point to a strengthening of the local real estate

market according to the REALTORS® Association of Edmonton.

• Statistics Canada reported that Alberta boasted the highest spike in population in the first

quarter with a 0.4% increase.

• The Conference Board of Canada predicts that housing prices in Edmonton will increase

from five to s... read more...

March Market Update

There were 3479 residential sales in the first quarter, which is down from 3890 during the first quarter of last year. 2960 residential properties came to market in March and a total of 1503 properties sold. Current residential inventory is 6885, up 7.8% from one month ago.

691 Single-family units sold during March, up 41.9% compared to February results. The median sale price of $348,900 was 2.6% higher than the month before and 3.08% below last March. Averag... read more...

May Market Update

Realtors face relaxed housing market with stable pricing. 

Edmonton, June 2, 2010: The housing market was relaxed in May with slightly lower sales than last year and prices generally stable. Despite the sales drop, the current sales figures compare favourably with levels set in 2008.

"Financial incentives, changes to mortgage qualifying rules and the threat of increasing mortgage rates caused the local market to peak a little earlier this year," said Larr... read more...

Real Estate Market Update - April

April is the start of the busy second quarter for real estate, and resale housing sales were down over the same month last year according to a report issued by the REALTORS® Association of Edmonton.

Mortgage changes do not dramatically effect housing prices.

Average* prices of single family houses moved down compared to a month ago but were up by 8.2% from last year. Condominium average prices moved up from last month and were up 7.0% from April 2009.

Edmonton's housing starts maintain vigorous pace in March

Edmonton's housing starts maintain vigorous pace in March

Edmonton's new home builders continued to ramp up production in March. According to the Canada Mortgage and Housing Corporation (CMHC), housing starts in the Edmonton Census Metropolitan Area (CMA) totalled 813 units in March compared with 135 units in March 2009. This represented the ninth consecutive month of year-over-year improvements in housing starts.

Single-detached home builders started work on ... read more...

February Market Update

Stability Continues Through February

February sales activity for residential property sold through the Edmonton Multiple Listing Service was up dramatically when compared to both January 2010 and February 2009.

February housing sales (1184) were up 33.9% compared to January. Total residential sales were also up 7.6% from last February. 2505 Residential new listings were added during the month resulting in a month-end inventory of 5449 homes. The... read more...

January Market Update

Housing prices remain stable in January: listing activity doubles

Single family homes sold through the Edmonton Multiple Listing Service® System sold on average for the same amount in January as at year-end while condominium prices dipped 2%.
Month-to-month sales slowed by 6.8% as compared to December but the number of new listings in January doubled the December numbers.

The average residential price was $314,783 for January, down 1.4% from last month and down just 0... read more...