Heidi Hromada

Cell: 780-982-4888 |

Edmonton, July 4, 2018: In the Edmonton Census Metropolitan Area (CMA) in June 2018, the overall residential average selling price was $377,880, increasing 0.20% compared to May 2018 and decreasing 3.96% compared to June 2017. The average price of a single family home was $443,210, an increase of 0.19% month over month and a decrease of 2.37% year over year. Condominium average prices decreased 1.42% compared to May 2018 and decreased 8.55% relative to June 2017. Duplex/rowhouse average prices decreased 0.61% month over month and decreased 1.64% year over year.


Unit sales activity for June 2018 decreased in all categories. Single family home sales decreased 4.91% month over month and 10.27% year over year. Condominium sales decreased 7.78% relative to May 2018 and 9.59% compared to June 2017. Duplex/rowhouse sales decreased 4% month over month and 7.18% year over year. Overall, the all residential sales were down 5.52% compared to May 2018 and down 9.83% compared to June 2017.


"Average prices are remaining stable, however sales are slower than typical for this time of year,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “With increasing inventory and days on market, couple with decreasing sales, sellers will need to be patient and consider their homes’ competitive advantages to stand out in the current buyers’ market."


New listings in June 2018 decreased 11.22%, while increasing 8.10% compared to June 2017. Inventory is also still higher, with an increase of 6.40% compared to May 2018 and an increase of 15.28% compared to June 2017.


The average days on market for all residential properties increased slightly for June 2018, increasing to 56 days over 53 days the previous month and year. It took a little longer for single family homes and condominiums to sell this month as well. For single family homes, it took an average of 50 days, which was an increase from 46 days month for both over month and year over year. The average days on market for condominiums was 67 days, an increase from 66 in May 2018 and from 62 days in June 2017. The only category to decrease was duplex/rowhouses, taking 57 days in June, which was down from 59 days in May 2018 and 62 days in June 2017.

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

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Edmonton, June 4, 2018: In the Edmonton Census Metropolitan Area (CMA) in May 2018, month over month unit sales increased in all property categories. Compared to April 2018, single family home sales increased 15.45%, condominium sales increased 18.42% and duplex/rowhouse sales increased 3.55%. Year over year unit sales for single family homes decreased 3.86%, condominium sales increased 1.12% and duplex/rowhouse sales decreased 12.06%. In total, there were 1,776 MLS® System listed properties sold in May 2018, which is an increase of 14.21% compared to April 2018 and a decrease of 3.64% compared to May 2017.


The all residential average selling price was $377,139, up 2.13% compared to April 2018 and down 0.54% relative to May 2017. The average price of a single family home was $442,348, an increase of 3.08% month over month and an increase of 0.40% year over year. Condominium average prices decreased 2.36% compared to April 2018 and decreased 3.86% relative to May 2017. Duplex/rowhouse average prices increased 7.07% month over month and increased 0.77% year over year.


“Prices and unit sales in the Edmonton CMA market remain stable. This is good news for sellers who have been concerned about selling their properties before the summer months in a ‘buyer’s market’,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “Buyers continue to have a great selection of properties to choose from, which means sellers need to be competitive with their listings.”


Inventory also increased in May, up 13.23% compared to April 2018 and up 16.03% compared to May 2017. New listings also grew, increasing 19.19% month over month and increasing 12.82% year over year.

The average days on market for all residential properties decreased to 53 days, three days shorter than in April 2018 and one day shorter than May 2017. For single family homes, the average days on market was 46, down from 52 in April 2018 and down from 48 in May 2017. Condominium average days on market were unchanged, remaining at 66 for the month of May, which is still up from 62 days in May 2017. For duplex/rowhouses, the average days on market was 59, also unchanged from the previous month, and down from 59 in May 2017.


“Buyers are eagerly waiting to see what the best selection will be when they look for a new home, which means sellers will need to price their homes in a way that will be appealing to as many buyers as possible,” says Torhjelm. “Your professional REALTOR® will be able to provide the advice both buyers and sellers need to navigate this process.”


MLS® System Activity

(for all-residential sales in Edmonton CMA1)

May 2018

M/M % Change

Y/Y % Change

SFD2 average3 selling price – month

$442,348

3.08%

0.40%

SFD median4 selling price – month

$402,500

0.88%

-2.72%

Condominium average selling price

$241,571

-2.36%

-3.86%

Condominium median selling price

$220,000

-3.19%

-3.64%

All-residential5 average selling price

$377,139

2.13%

-0.54%

All-residential median selling price

$355,000

page2image3831709536

1.43%

page2image3831677488

-1.39%

page2image3831712928 page2image3831713408

# residential listings this month

4,136

page2image3831682880

19.19%

page2image3831717952

12.82%

page2image3831686560 page2image3831687168

# residential sales this month

1,776

14.21%

-3.64%

# residential inventory at month end

page2image3831694976

9,859

page2image3831697696

13.23%

page2image3831732960 page2image3831732096

16.03%

page2image3831701200

# Total6 MLS® System sales this month

2,289

page2image3832656880

16.85%

page2image3832662944

-3.46%

page2image3832667056 page2image3832668144 page2image3832668672 page2image3832668944

$ Value Total residential sales this month

759,850,268

18.97%

-3.21%

$ Value of total MLS® System sales – month

page2image3831935840

867,201,670

page2image3831938816

19.30%

-3.42%

$ Value of total MLS® System sales - YTD

3,084,626,074

page2image3832685264

39.07%

page2image3832687232

-3.94%

page2image3832688400 page2image3832690000


1 Census Metropolitan Area (Edmonton and municipalities in the four surrounding counties)

2 Single Family Dwelling
3 Average: The total value of sales in a category divided by the number of properties sold
4 Median: The middle figure in an ordered list of all sales prices

5 Residential includes SFD, condos and duplex/row houses

6 Includes residential, rural and commercial sales


Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Sales are compared to the month end reports from the prior period and do not reflect late reported sales.The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact your local REALTOR®.




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I have listed a new property at 574 SADDLEBACK RD NW in Edmonton.
Welcome to Blue Quill Villas! This spacious unit is conveniently located within walking distance to Century Park LRT and close to a bus stop- simplifying access for students, those without a car and those hoping to reduce their carbon foot print. This complex has recently had a new roof and siding installed and is well managed. The master bedroom upstairs contains a 2 piece ensuite and huge closet. Both additional bedrooms are well sized with ample closet space. A 4 piece bathroom completes the upstairs. The main floor hosts a wood burning fireplace, a large living/dining area, a 2 piece bathroom, a bright and cheery galley kitchen and separate eating area. Downstairs you will find an unspoiled basement ready for your touch. To top is off, there are 2 parking stalls right out front- making life easy. This home is minutes from Anthony Henday, Whitemud Freeway, 23 Ave, shopping/restaurants, and the airport. A truly great investment!
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Edmonton, May 2, 2018: In the Edmonton Census Metropolitan Area (CMA) in April 2018, month over month unit sales increased in most categories. Compared to March 2018, single family home sales increased 22.76%, condominium sales increased 12.09% and duplex/rowhouse sales increased 20.71%. When comparing year over year unit sales, single family home sales increased 7.65%, condominium sales decreased 3.06% and duplex/rowhouse sales increased 15.75%. Year over year sales for all residential properties increased 5.78%.


Inventory also increased, up 13.58% month over month and 14.85% year over year. Total new listings in April was 3,470, up 0.32% relative to March 2018 and up 10.97% compared to April 2017. In total, there were 1,555 MLS® System listed properties sold, which is an increase of 20.17% compared to March 2018 and an increase of 5.78% in April 2017.


“We are in the busiest season for real estate in Edmonton, so sales is consistent with seasonal market trends,” says Darcy Torhjelm, REALTORS® Association of Edmonton Chair.


The all residential average price was $369,258, down 1.34% compared to March 2018 and down 2.48% relative to April 2017. The average price of a single family home was $429,116, a decrease of 3.37% month over month and a decrease of 2.39% year over year. Condominium average prices increased 5.63% compared to March 2018 and decreased 4.51% relative to April 2017. Duplex/rowhouse average prices decreased 7.33% month over month and decreased 9.48% year over year.


Average days on market for all residential properties decreased to 57 days, one day shorter than in March 2018 but two days longer compared to April 2017. For single family homes, the average days on market was 52, up from 51 in March 2018 and up from 48 in April 2017. Condominium average days on market was 66, down from 72 the previous month, and up from 60 in April 2017. For duplex/rowhouses, the average days on market was 59, up from 57 in March 2018 and down from 64 in April 2017.


“More sellers are entering the market and are motivated to move their properties before the summer months, which provides the best selection of properties for buyers who are actively looking and taking advantage of the increased number of listings,” says Torhjelm. “It’s a great time to speak to a REALTOR® for professional advice on navigating the buying and selling process.”


MLS® System Activity

(for all-residential sales in Edmonton CMA1)

April 2018

M/M % Change

Y/Y % Change

SFD2 average3 selling price – month

$429,116

-3.37%

-2.39%

SFD median4 selling price – month

$399,000

1.27%

-0.25%

Condominium average selling price

$247,405

5.63%

-4.51%

Condominium median selling price

$227,250

5.70%

-5.29%

All-residential5 average selling price

$369,258

-1.34%

-2.48%

All-residential median selling price

$350,000

0.03%

-1.82%

# residential listings this month

3,470

0.32%

10.97%

# residential sales this month

1,555

page2image2009527952

20.17%

page2image2009530944

5.78%

page2image2009533584 page2image2009534064
page2image2009538320

# residential inventory at month end

8,788

page2image2011619760

10.36%

page2image2011624288

14.85%

page2image2011627248 page2image2011627792

# Total6 MLS® System sales this month

1,959

18.37%

3.98%

$ Value Total residential sales this month

638,681,304

page2image2011644864

17.31%

page2image2010995856

1.90%

page2image2010999104 page2image2010999968 page2image2011001344 page2image2011001872

$ Value of total MLS® System sales – month

page2image2011651200

726,891,372

page2image2011655280

19.62%

1.13%

$ Value of total MLS® System sales - YTD

page2image2011668672

2,218,097,878

48.62%

page2image2011660448

-4.11%

page2image2011679568 page2image2011680176


1 Census Metropolitan Area (Edmonton and municipalities in the four surrounding counties)

2 Single Family Dwelling
3 Average: The total value of sales in a category divided by the number of properties sold
4 Median: The middle figure in an ordered list of all sales prices

5 Residential includes SFD, condos and duplex/row houses

6 Includes residential, rural and commercial sales


Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Sales are compared to the month end reports from the prior period and do not reflect late reported sales.The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact your local REALTOR®.

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I have listed a new property at 4356 33 ST NW in Edmonton.
Are you seeking a unique, large home with plenty of space, an open floor plan and no neighbours behind you? This is the one for you- with 4 bedrooms plus flex room/media room. Over 2,200 sq ft above grade, this beautiful two-storey in Larkspur has a fully renovated basement containing a media room with a sound proof ceiling, another bedroom, a bathroom and a rec room with wet bar. Stainless steel appliances and quartz countertops beautify the kitchen. The large, low maintenance deck off the back is newer, along with the planter boxes in the back yard. On-demand water and 2 high efficient furnaces provide the nuts and bolts of the house. Gracing the living room is a magnificent fireplace- perfect for sitting around with friends and family. The upstairs bathrooms have been renovated. In addition to main floor laundry, there are so many other amazing features to this home. Located a short walk to Fountain Lake and minutes to Whitemud Drive, this location provides easy accessibility to all parts of the city.
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Edmonton, April 3, 2018: In the Edmonton Census Metropolitan Area (CMA) in March 2018, month over month unit sales increased in all categories. Single family home sales increased 24.18%, condominium sales increased 16.90% and duplex/rowhouse sales increased 22.81% compared to February 2018. Year over year sales were down. Single family home sales decreased 11.32%, condominium sales decreased 14.82%. Duplex/rowhouse sales decreased 3.45%. On average across all categories, year over year sales for all residential properties decreased 11.73%.


There were 1,294 MLS® System listed properties sold, which is an increase of 23% compared to February 2018. New listings in March were 3,459, up 35.22% relative to February 2018 and up 13.26% compared to March 2017.


“We generally see housing market activity increase at this time of year,” says Darcy Torhjelm, REALTORS® Association of Edmonton Chair. “Despite the year over year decreases, the market is still growing relative to February 2018 in preparation for the spring buying season. Market growth should continue in the coming months.”


Inventory increased both month over month and year over year. There were 7,963 properties available, an increase of 17.48% compared to February 2018 and an increase of 14.77% compared to March 2017. 


Days on market also decreased across all categories. For single family homes, the average days on market was 51, down from 59 in February 2018 and up from 49 in March 2017. Condominium average days on market was 72, down from 75 the previous month, and up from 67 in March 2017. For duplex/rowhouses ,the average days on market was 57 down from 64 in February 2018 and up from 61 in March 2017.


The average price of a single family home was $444,091, an increase of 0.43% month over month and 1.06% year over year. Condominium average prices decreased 1.10% compared to February 2018 and decreased 3.47% relative to March 2017. Duplex/rowhouse average prices decreased 1.44% month over month and increase 0.53% year over year. Overall, the all residential average price was $374,264, down only 0.03% compared to February 2018 and up 0.77% relative to March 2017. 

  

MLS® System Activity for March 2018


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Edmonton, March 2, 2018: Spring has hit the real estate market in the Edmonton Census Metropolitan Area (CMA), bringing strong unit sales and average price increases.

When compared to January 2018, unit sales across all categories increased, with single family home sales increasing 22.97%, condo sales increasing 14.17% and duplex/rowhouse sales increasing 21.28%. Year over year single family homes unit sales decreased 4.21%, condo sales decreased 4.92% and duplex/rowhouses sales decreased 7.32%. Year to date sales for all residential categories was up 2.43% compared to February 2017.

Month over month and year over year average unit prices increased across all categories. The average price of a single family home was $442,206, which was an increase of 3.14% compared to January 2018 and an increase of 3.73% compared to February 2017. The average price of a condo was $236,808, an increase of 4% month over month and 1.48% year over year. The duplex/rowhouse average price increased to $354,638, up 1.73% relative to January 2018 and up 2.62% relative to February 2017.

“February turned out to be a busy month for REALTORS®, which was reflected in the increases in sales activity and average prices across all categories of residential properties,” said Darcy Torhjelm, Chair of the REALTORS® Association of Edmonton.

Inventory increased 10.90% compared to January 2018 and was up 8.67% compared to February 2017. Listings also increased, up 4.03% month over month and 5.92% year over year. 

Days on market decreased for all categories compared to January 2018. Single family homes took an average of 59 days to sell, condos required 75 average days and duplex/rowhouses needed 64 days to sell. Overall the average days on market for all residential properties was 65, which was 10 days faster than January 2018 and identical to February 2017.


MLS® System Activity for February 2018



 
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I have listed a new property at 592 BUCHANAN RD NW in Edmonton.
This 4-level split in the beautiful neighbourhood of Bulyea Heights has 4 bedrooms, a den and a flex room- perfect for a larger family. It has had numerous renovations completed within the past few months. The neutral paint is new throughout. The kitchen and bathroom cabinets/countertops were all replaced- bringing in the modern and leaving the oak behind. All the stainless steel appliances are just out of the box- except the dishwasher. The carpet and linoleum were professionally installed a few weeks ago. There are just too many upgrades to list! For students, those working downtown or at the University, and those not driving- the public transportation is only minutes away. As far as an "ideal" location, this home is located minutes from shopping, Riverbend Square, schools, the ravine, Whitemud Freeway, Anthony Henday, and Century Park (the LRT). A warm and airy house with vaulted ceilings and plenty of space, this beautiful home is move-in ready! It won't last long!
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Edmonton, February 2, 2018: Total all residential unit sales in January 2018 in the Edmonton Census Metropolitan Area (CMA) were up 14.23% relative to January 2017. Specifically, across each category when compared to January 2017, single family home unit sales were up 12.85%, condominium unit sales were up 14.41% and duplex/rowhouse unit sales were up 22.08%.


The average single family home unit price increased to $428,750, an increase of 2.89% compared to December 2017 and an increase of 2.20% compared to January 2017. The duplex/rowhouse average unit price was $348,613, which was an increase of 3.44% compared to December 2017 and a decrease of 2.06% relative to January 2017. The condominium average unit price was $227,707, which was a decrease of 3.62% month over month and decrease of 7.04% year over year. In total, the average all residential unit price was $359,134, a modest increase of 0.56% relative to December 2017 and an increase of 0.64% compared to January 2017.


“January 2018 unit sales were strong, coupled with an increase in year over year listings of more than 15%, which is typical for this time of year,” said Darcy Torhjelm, REALTORS® Association of Edmonton Chair.


Compared to January 2017, listings were up 15.28% to 2,133 properties total, which was a 98.63% increase month over month. Overall inventory increased 2.97% month over month and 7.05% year over year. Days on market reflected the winter season, with increases across all categories compared to December 2017. For single family homes, the average days on market was 67. Duplex/rowhouses increased to 72 average days on market and condominium average days on market was 90.


“The increase in the average days on market appears to reflect that buyers are taking time to consider their options before purchasing a new home,” Torhjelm said. “With the mortgage stress test rule changes and the latest interest rate change, it will be interesting to see how that impacts the 2018 market.”  


MLS® System Activity for February 2018


 
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Edmonton, January 3, 2018: The Edmonton Census Metropolitan Area (CMA) real estate market marked a year of overall stability in 2017. All residential year-to-date unit sales were up 1.50%. In total, 16,441 residential units were reported sold in 2017 as compared to 16,198 in 2016. 


Year-to-date prices were also consistent with modest increases throughout 2017. Average single family home prices increased 0.77% to $437,744 and average duplex/rowhouse prices increased 0.12% to $348,225, while average condominium prices decreased 0.96% to $248,130.


“2017 was a steady year for real estate in Edmonton and many of the surrounding municipalities, where sales and prices were quite stable for the majority of the year,” said Darcy Torhjelm, REALTORS® Association of Edmonton Chair. “For most of the year we continued to see home buyers take advantage of low mortgage rates and a slightly increased inventory, while sellers enjoyed solid prices for their properties.”


Average year-to-date days on market for 2017 for all residential units was 59, up 2 days from the average of 57 days on market in 2016. Year-to-date listings were also up, increasing 2.38% over 2016. The reported all-year sales to listing ratio was 52%, indicating a fairly-balanced market.


As is seasonally normal, sales dropped in December from November, but are up year over year from December 2016 in all categories. For single family homes, sales decreased 19.83% month over month, and increased 22.84% year over year. Condominium unit sales declined 23.53% compared to November 2017 but increased 15.42% relative to December 2016. Duplex/rowhouse sales decreased 24.59% month over month, however, increased 21.05% year over year. In total, the average all residential unit sales decreased 22.09% month over month, however they increased 19.42% compared to December 2016.


Average prices declined in December 2017, both month over month and year over year. Single family homes average prices decreased 5.63% compared to November 2017, and decreased 2% compared to December 2016. Condominiums prices increased slightly by 1.74% relative to November 2017 and decreased 3.18% relative to December 2016. Duplex/rowhouse average prices decreased 6.07% month over month and 6.80% year over year.


“Now that the holiday season is over and a new year is here, we expect listings and sales to begin to ramp up again,” said Torhjelm. “We encourage both potential buyers and sellers to talk to their local REALTOR® about their options in this market and what is right for them.”.

  

MLS® System Activity for January 2017 




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Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.