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Posts Tagged ‘Edmonton Average Selling price of condo’

July 2018 – Edmonton Real Estate Market Stats

Monday, July 2nd, 2018
July 2018 Edmonton Real Estate Market Reports

July 2018 Edmonton Real Estate Market Reports

*Stats as of June 30, 2018

Here we are in the full swing of summer and we can tell by the number of listing son the market, that folks are trying to change homes entirely, rather than resorting to renovations on an older home.  We see this a lot in real estate, gone are the days when Home Owners held onto their homes for 20 or 30 years.  The new normal is that homes have a large percentage of change-over in three years, that’s it, just three years. This year, is no different than the last few that I have been a REALTOR® for.  Inventory is up, period.  Lots of homes on the market, period.  If you want to be a part of the 16% of homes that sell, price your homes correctly for sale.  If you don’t want to be on market again next year, crunch those numbers.  It is an absolute must, if you must move.

Now, for the market reports:

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June 2018 – Edmonton Real Estate Market Reports

Wednesday, June 13th, 2018
June 2018 Edmonton Real Estate Market Stats

June 2018 Edmonton Real Estate Market Stats

*Stats as of May 30, 2018

Well, I’m certainly glad that the Tornado warnings this weekend, didn’t destroy my home, flowers or hurt any of my family members, thank goodness.  Here we are chugging along into the spring and summer seasons, with the snow melted and buyers out there looking to move their families before school starts in the fall.  There should be a bit of a drag coming up this July for the Real Estate Market, knowing that a lot of Yeggers will be heading off for blessed holidays!

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May 2018 – Edmonton Real Estate Market Stats

Saturday, May 12th, 2018
May 2018 Edmonton Real Estate Market Stats

May 2018 Edmonton Real Estate Market Stats

*Stats as of April 30, 2018

The snow is gone and the sales are coming.  The Edmonton residential real Estate average is sitting at a lovely $369,258. Down year over year by 2.48% and up 1.43% from last month.

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April 2018 – #YEG Real Estate Market Reports

Friday, April 6th, 2018
YEG Real Estate Market Report - April 2018

YEG Real Estate Market Report – April 2018

The Residential selling price in Edmonton has creeped up over the years, this month sitting at $374,264 a 0.77% increase year over year and down 0.03% from last month.  The market is warming up, just like the outdoors.

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YEG Real Estate Market Reports – March 2018

Tuesday, March 20th, 2018

Hi folks,

Thanks for popping by again.  There has been a few glitches int he system lately and I haven’t been able to post, so getting back to your regularly scheduled program here, let’s start with the Market Stats for Edmonton, ending February 28, 2018.

Edmonton Real Estate Market Rerports

Edmonton Real Estate Market Reports – March 2018

The Residential average is creeping up. $374,469 a 3.5% increase year over year and a 3.99% increase from last month.  The market is warming up, just like spring.

Residential single family dwellings have increased 3.85% since last year and 4.07% over last month.

Condo dwellings, not such good news for us, but it could be worse, year to year we have dropped 0.04% to $235,694.

Rowhouses and Duplexes are sitting at an average of $365,537 down 0.26% from last year and down 0.30% from last month.

Highest sales for February?

Single Family – $1,620,192 Condos – $900,000 Duplex/Rowhouse – $675,000

Average days on market?

Single Family: 64 Days, same as last year

Condos: 76 Days, creeping up from last year

Duplex/Rowhouse: 65 Days, creeping up from last year

Quantity of New Listings?

1,904 new listings for a total of 5,038 listings on market

Sales in February?

778 sales – which shows 6.48 Months of inventory on market.

Price your homes right.  It will matter.

Edmonton Real Estate Market Reports for November 2017

Friday, November 24th, 2017
YEG Edmonton Real Estate Market Reports for November 2017

YEG Edmonton Real Estate Market Reports for November 2017

Hi Folks,

Welcome Back. I know I have a little bit of catching up to do with regards to my blog and website, so here are those market stats you were looking for. The next reports soon to be released.

Inventory: October finished with another full inventory month here in Edmonton with 5.74 months of inventory for active buyers to choose from.

Total number of homes available to buy in Edmonton: 7,691.

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As Summer slows and cools down, are your home prices losing value?

Wednesday, August 19th, 2015

Hi Folks,

The last few weeks of summer are upon us and I hope you’re getting out there and enjoying the last long days of summer. Alongside the flip-flops of summer, late summer in Edmonton bounces back and forth between a balanced and buyers market.  At 3.99 Months of inventory, we’ve just tipped back into that buyers market. If you are moving, or thinking about it, have a look at the latest Edmonton Market trends below.

Inventory: July finished with a strong amount of inventory. We are just a few dozen listings short of the same number of properties being listed this month as last.  Yet, there is 14.9% more inventory in Edmonton this year than last.

Total number of homes available to buy in Edmonton: 7,266                       Total sales for last month: 1,812.

Days on Market: We’re starting a slow down of the summer market with just a few less properties coming available for sale.  3,123 New listings for July in Edmonton, with only 2,718 listings added this time last year.  So with just tiny little changes in the number of listings from month to month, we see very little change in Average days on market, the average being 50 Days on Market, here in Edmonton, up from 49 dom’s the previous month and 46 dom’s the previous year.

Odds of Selling: This year is a game changer for the city.  We have had a record number of listings come on the market, but those sellers, turn around and within 30, 60 or 90 days, they buy everything right back up again.  Your chances have dropped just a wee bit.  You basically have a 1 in 4 chance of selling your home in the next 30 days. In fact, you have a 25.08% chance of selling, especially if you are already listed for sale. lol. Worse than last year. Worse than last month.

Average Selling Price: Condo: $256,708 Townhouse: $356,237 Single Family Dwelling: $436,948 and the average selling price across the City of Edmonton is $372,910.

Home sales by Price Range: The highest percentage of properties are selling in the $300,000-$399,999 price range at 33.57%. Second position goes to the $400,000-$499,999 price range at 21.62%.  Third place is the $200,000-$299,999 and 19.90%. These haven’t changed very much from month to month as this works in with Edmonton average earnings per family.

TOTAL NUMBER OF HOMES SOLD YEAR TO DATE IN EDMONTON 10,925

Prices have not gone down in Edmonton since 2011, when we saw a decrease of 1.41%. Prices are up by 2.10% this year.

If you, your firends or family are thinking of moving, please keep me in mind, your referral is the best compliment I can recieve.

780 916 9739  … Now that’s the Cats’ Meow.

Edmonton-Real-Estate-Market-Report-July-2015