Heidi Hromada

Cell: 780-982-4888 |

Edmonton, November 2, 2018: In the Edmonton Census Metropolitan Area (CMA), the all residential unit sales month over month decreased 5.71% and decreased 13.61% year over year. Single family home sales are down 9.71% compared to September 2018, and down 14.86% compared to October 2017. Duplex/rowhouses decreased 20.16% month over month and 30.77% year over year. Month over month unit sales of condominiums increased 8.80% and decreased 4.92% relative to October 2017.


Average prices also declined in October. The all residential average price was $358,954, a month over month decrease of 4.01% and year over year decrease of 3.08%. The average price of a single family home was $425,864, a decrease of 1.36% compared to September 2018 and decrease of 1.30% compared to October 2017. Duplex/rowhouses decreased 3.45% month over month and 2.21% year over year, to an average price of $333,215. Condominiums also decreased to an average price of $221,293, down 8.16% compared to September 2018 and down 8.80% compared to October 2017.


“Some of the market decreases are a result of slower sales coupled with higher inventory and listings, as well, it is also common for both prices and sales to begin to decrease at this time of year due to seasonal market fluctuations.”” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “As we move towards the end of the year, we will likely see average days on market grow with inventory remaining higher.”


New listings and overall inventory are down compared to September 2018. Listings decreased 3.22% and inventory decreased 2.68% month over month. When compared to October 2017, both categories were up. New listings increased 4.05% and inventory increased 8.50% year over year.


The average days on market for single family homes increased to 62 days, increasing by one day compared to September 2018 and seven days compared to October 2017. Average days on market for duplex/rowhouses was unchanged month over month, and five days longer year over year. Condominiums sold on average in 72 days, three days shorter compared to September 2018 and five days longer relative to October 2017.

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Edmonton, October 3, 2018: In the Edmonton Census Metropolitan Area (CMA), the all residential average prices increased 2.48% to $373,958 compared to August 2018 and increased 0.94% compared to September 2017. Single family home average prices increased 1.71% month over month and increased 0.25% year over year. Duplex/rowhouse average prices also increased in both categories, up 4.38% compared to August 2018 and up 0.68% compared to September 2017. Condominium average prices decreased 1.53% month over month and decreased 4.28% year over year.


Unit sales are down across all categories. Single family home sales decreased 19.41% relative to August 2018 and 2.22% relative to September 2017. Condominium sales decreased 28.82% month over month and decreased 19.09% year over year. Duplex/rowhouse sales also declined, decreasing 21.02% compared to August 2018 and 21.52% compared to September 2017. Overall, all residential unit sales showed a decrease of 21.83% month over month and 8.53% decrease year over year.


Average days on market increased for all categories. The average for single family homes increased to 61 days for September 2018, two days longer than August 2018 and eight days longer than September 2017. Condominiums average days on market increased to 75 in September 2018, two days longer than August 2018 and seven days longer compared to September 2017. For duplex/rowhouses, the average days on market was 66, increasing from 63 in August 2018 and 61 days in September 2017.


“Stable prices coupled with decreasing sales and increasing days on market indicates sellers are most likely staying firm on their prices and choosing to wait longer to get the price they feel is best for their properties,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “As we move further into our final quarter, we will likely continue to see sales decreasing as is typical for this time of year.”


Both inventory and listings decreased in September, with inventory down 1.53% and listings down 17.41% compared to August 2018. Listings also decreased 8.53% compared to September 2017, while inventory increased year over year by 7.35%.


In total, there were 1,225 MLS® System listed properties sold in September 2018, a decrease of 21.83% month over month and an decrease of 8.24% year over year.


Contact:

Darcy Torhjelm, REALTOR®, 2018 Chair
Michael Thompson, M.A., LL.M., President and CEO Hilary Darrah, Marketing & Communications Specialist

780-721-4027 780-453-9340 780-453-9347


MLS® System Activity

(for all-residential sales in Edmonton CMA1)

September 2018

M/M % Change

Y/Y % Change

SFD2 average3 selling price – month

$431,745

1.71%

0.25%

page2image661246192

SFD median4 selling price – month

$390,000

1.43%

-1.52%

page2image620287632 page2image619899376

Condominium average selling price

$240,953

-1.53%

-4.28%

Condominium median selling price

$220,000

-2.22%

-1.79%

page2image620316432

All-residential5 average selling price

$373,958

2.48%

0.94%

page2image620335296

All-residential median selling price

$350,000

2.94%

1.16%

# residential listings this month

2,519

page2image620353280

-17.41%

page2image620355824 page2image620359152

-8.53%

# residential sales this month

1,225

-21.83%

-8.24%

# residential inventory at month end

8,969

page2image620380992

-6.75%

page2image620383536 page2image620386784

7.35%

# Total6 MLS® System sales this month

1,632

-20.97%

-6.80%

$ Value Total residential sales this month

515,943,589

-19.89%

page2image620414416 page2image620412144 page2image620412352

-6.96%

page2image620418624

$ Value of total MLS® System sales – month

612,613,608

page2image620426384

-19.06%

-4.19%

$ Value of total MLS® System sales - YTD

6,079,396,451

page2image620446928

11.16%

page2image620447664

-4.10%


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 houses6 Includes residential, rural and commercial sales


3 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®.


The REALTORS® Association of Edmonton (Edmonton Real Estate Board), founded in 1927, is a professional association of real estate Brokers and Associates in the greater Edmonton area. The Association administers the Multiple Listing Service®, provides professional education to its members and enforces a strict Code of Ethics and Standards of Business Practice. The Association also advertises property listings and publishes consumer information on the Internet at www.YEGisHome.ca, www.realtorsofedmonton.com, and www.REALTOR.ca. REALTORS® support charities involving shelter and the homeless through the REALTORS® Community Foundation.


Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

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I have listed a new property at 592 BUCHANAN RD in Edmonton.
PRICED SUBSTANTIALLY BELOW COMPARABLE PROPERTIES & CITY ASSESSED VALUE BY $60,000-$70,000, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room & a large lot, this home is perfect for a young family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is fresh throughout. Bathroom and kitchen cabinets, countertops, and backsplash are new with stainless steel kitchen appliances. Flooring was replaced this year. Public transportation is located steps away. Only the driveway requires shovelling in the winter (no sidewalks)! There are just too many features to list! This home is ideally located minutes from shopping/restaurants, Riverbend Square, highly sought after schools, the Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, & the LRT at Century Park. A warm & airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY!
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Please visit our Open House at 592 BUCHANAN RD in Edmonton.
Open House on Sunday, September 16, 2018 1:00PM - 3:00PM Priced substantially below comparable properties and city assessed value, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. Priced at $419,000 and move-in ready, this home is truly a great investment! No
PRICED SUBSTANTIALLY BELOW COMPARABLE PROPERTIES & CITY ASSESSED VALUE BY $60,000-$70,000, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room & a large lot, this home is perfect for a young family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is fresh throughout. Bathroom and kitchen cabinets, countertops, and backsplash are new with stainless steel kitchen appliances. Flooring was replaced this year. Public transportation is located steps away. Only the driveway requires shovelling in the winter (no sidewalks)! There are just too many features to list! This home is ideally located minutes from shopping/restaurants, Riverbend Square, highly sought after schools, the Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, & the LRT at Century Park. A warm & airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY!
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Please visit our Open House at 592 BUCHANAN RD in Edmonton.
Open House on Sunday, September 9, 2018 1:00PM - 3:00PM Easy to find! Beautifully renovated! Perfect for a young family. Priced WAY below comparable properties. Sellers want it sold! None
PRICED SUBSTANTIALLY BELOW COMPARABLE PROPERTIES & CITY ASSESSED VALUE, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room & a large lot, this home is perfect for a young family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is fresh throughout. Bathroom and kitchen cabinets, countertops, and backsplash are new with stainless steel kitchen appliances. Flooring was replaced this year. Public transportation is located steps away. Only the driveway requires shovelling in the winter (no sidewalks)! There are just too many bonuses and upgrades to list! This home is ideally located minutes from shopping/restaurants, Riverbend Square, highly sought after schools, soccer fields, the Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, & the LRT at Century Park. A warm & airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY!
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Edmonton, September 5, 2018: In the Edmonton Census Metropolitan Area (CMA), all residential average unit sales decreased 2.25% compared to July 2018 and increased 1.89% compared to August 2017. Single family home sales increased both 1.44% month over month and 6.15% year over year. Condominium sales decreased 6.34% relative to July 2018 and increased 0.5% relative to August 2017. Duplex/rowhouses decreased 10.29% month over month and decreased 14.67% year over year.


The average all residential selling price decreased 1.38% to $364,925 compared to July 2018 and decreased 2.30% compared to August 2017. Single family home average prices decreased 2.83% to $424,471 month over month and decreased 3.23% year over year. Condominium average prices decreased 0.57% compared to July 2018 and decreased 0.12% compared to August 2017. Duplex/rowhouse average prices decreased 3.38% month over month and decreased 6.90% year over year.


“Both sales and listings typically decrease during August, as many buyers and sellers shift their focus on preparing for the new school year,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “As we move into the fall, buyers still have a lot of inventory to look at in all categories of residential properties. For sellers, they may have to be more patient and flexible when selling their properties, but they should still be able to get a good price for their house in the end.”


Listings decreased 4.51% compared to July 2018 and increased 1.63% compared to August 2017. Inventory also decreased month over month, down 2.62% and increased 7.73% year over year. In total, there were 1,567 MLS® System listed properties sold in August 2018, a decrease of 2.25% month over month and an increase of 1.89% year over year.


Average days on market increased for most categories, indicating it continues to be a buyers’ market for the Edmonton CMA. The average for single family homes increased to 59 days for August 2018, seven days longer than July 2018 and eight days longer than August 2017. Condominiums average days on market increased to 73 in August 2018, seven days longer than July 2018 and five days longer compared to August 2017. For duplex/rowhouses, the average days on market was 63, increasing from 61 in July 2018 and one day shorter relative to August 2017.

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Please visit our Open House at 592 BUCHANAN RD in Edmonton.
Open House on Sunday, September 2, 2018 1:00PM - 3:00PM Easy to find! Beautifully renovated! Perfect for a young family. Priced way below comparable properties. Sellers want it sold! None
PRICED SUBSTANTIALLY BELOW COMPARABLES AND CITY ASSESSED VALUE, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room and a large lot, this home is perfect for a young family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is new throughout. Bathroom & kitchen cabinets/countertops/backsplash are new, and the kitchen appliances are stainless steel. Flooring was replaced this year. There are just too many UPGRADES to list! Public transportation is located only minutes away for students, those working downtown or at the University and those not driving. As far as an "IDEAL LOCATION", this home is located minutes from shopping/restaurants, Riverbend Square, schools, soccer fields, Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, & the LRT at Century Park. A warm & airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY!
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Please visit our Open House at 592 BUCHANAN RD in Edmonton.
Open House on Sunday, August 26, 2018 1:00PM - 3:00PM Easy to find! Beautifully renovated! Perfect for a young family. Priced way below comparable properties. Sellers want it sold! None
PRICED SUBSTANTIALLY BELOW COMPARABLES AND CITY ASSESSED VALUE, this beautifully renovated 4-level split is located in the vibrant community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room and a large lot, this home is perfect for a young family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is new throughout. Bathroom & kitchen cabinets/countertops/backsplash are new, and the kitchen appliances are stainless steel. Flooring was replaced this year. There are just too many UPGRADES to list! Public transportation is located only minutes away for students, those working downtown or at the University and those not driving. As far as an "IDEAL LOCATION", this home is located minutes from shopping/restaurants, Riverbend Square, schools, soccer fields, Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, & the LRT at Century Park. A warm & airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY!
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I have listed a new property at 11035 122 ST in Edmonton.
RARE OPPORTUNITY!! 2 LOTS SIDE BY SIDE IN WESTMOUNT!! 11035-122 STREET AND 11039-122 STREET ARE BOTH FOR SALE AND ZONED RF3!! Perfect for investors and developers alike!! Opportunities like this don't come along very often!! Located on a beautiful tree-lined street with numerous infills in the area and close to trendy 124 Street, the local Farmer's Market, schools, parks and so much more, this community is highly sought after. To top it off, this cozy bungalow is move-in ready! There are two bedrooms up with a full 4 piece bathroom. Basement is solid with an additional bedroom, family room, another full 4 piece bathroom and plenty of storage. Roof was installed Sept 2016. The furnace was installed November 2009. Stainless steel fridge is from 2015. Stainless steel dishwasher is from 2017, along with the hood fan. Some windows have been replaced. Kitchen has been partially renovated. Cove ceilings, hardwood floors, multiple apple trees & a large deck for entertaining are just some of the added bonuses!
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I have listed a new property at 11039 122 ST in Edmonton.
Located in the highly sought after neighbourhood of Westmount, this property is being sold "as-is" for land value. The lot is zoned RF3 and is located on a beautiful tree-lined street with newer infills on the same block. Right behind this home is an off-leash dog park and playground... plus a bike lane for those wanting to minimize their carbon footprint. Within walking distance to the trendy 124 Street area, the local Farmer's Market, schools and so much more, this property won't last! The road, sidewalk, and alley are all new as part of the neighbourhood revitalization.
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I have listed a new property at 592 BUCHANAN RD in Edmonton.
PRICED BELOW COMPARABLES AND CITY ASSESSED VALUE, this beautifully renovated 4-level split is located in the desirable community of Bulyea Heights. At 2332 sq ft of total living space, 4 bedrooms (3 up), a den, a flex room and a huge lot, this home is perfect for a family. The master bedroom has a 3 pce ensuite & large walk-in closet. Paint is new throughout. Kitchen and bathrooms cabinets and countertops are modern and the kitchen appliances are stainless steel. Carpet and linoleum were installed this yr. There are just too many UPGRADES to list! Public transportation is located only minutes away for students, those working downtown or at the University and those not driving. As far as an "IDEAL LOCATION", this home is located minutes from shopping/restaurants, Riverbend Square, schools, Terwillegar Rec Centre, the ravine, Whitemud Freeway, Anthony Henday, and the LRT at Century Park. A warm and airy house with vaulted ceilings and plenty of space, this sunny home is MOVE-IN READY! **Virtually staged.
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I have listed a new property at 574 SADDLEBACK RD in Edmonton.
Welcome to Blue Quill Villas!! This 3 bedroom, 3 bathroom spacious unit is conveniently located within walking distance to Century Park LRT with a bus stop right out front. This unit is the perfect property for students or investors as it is priced well below the complex comparables!! The screen doors, roof, siding and fence are newer. Upstairs you will find the master bedroom contains a 2 piece ensuite and huge closet. Both additional bedrooms are well sized with ample closet space. A 4 piece bathroom completes the upper level. The main floor boasts a wood burning fireplace, a large living/dining area, a 2 piece bathroom, a bright & cheery galley kitchen & a separate eating area. Downstairs you will find an untouched basement ready to be personalized. To top it off, there are 2 parking stalls right out front. Blue Quill Villas is 75% owner-occupied. One pet per unit is in the works for the new pet bylaw. St. Teresa Elementary School is located kitty corner to the complex. A truly great investment!
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Edmonton, August 2, 2018: In the Edmonton Census Metropolitan Area (CMA), the average all residential selling price decreased 2.07% to $370,046 compared to June 2018 and decreased 3.63% compared to July 2017. Single family home average prices decreased 1.44% to $436,825 month over month and decreased 2.25% year over year. Duplex/rowhouse average prices decreased 0.71% month over month and decreased 0.48% year over year. Condominium average prices increased 3.35% compared to June 2018 and decreased 6.22% compared to July 2017.


Compared to June 2018, single family home sales decreased 9.01% and compared to July 2017, decreased 3.29%. Duplex/rowhouses increased 4.17% compared to June 2017 and decreased 3.31% relative to July 2017. Condominium sales increased 2.65% month over month and 3.40% year over year.


“The overall real estate market is softening as the summer selling season begins to slow,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “Average prices are decreasing and that may continue in the rest of the year due to the high inventory levels. It is important for sellers to be prepared to negotiate more and expect to be a bit more flexible with their property prices.”


Inventory increased slightly in July, up 0.52% compared to July 2018 and up 12.62% compared to June 2017. New listings decreased 13.02% month over month and increased 4.04% year over year. In total, there were 1,603 MLS® System listed properties sold in July 2018, a decrease of 4.47% month over month and a decrease of 0.99% year over year.


Average days on market increased for most categories, indicating more of a buyers’ market for the Edmonton CMA. The average for single family homes increased to 52 days for July 2018, two days longer than June 2018 and four days longer than July 2017. For duplex/rowhouses, the average days on market was 61, increasing from 57 in June 2018 and 55 in July 2017. Condominiums required one less day in July 2018, decreasing to 66 days on market from 67 in June 2018 and 60 days in July 2017.


MLS® System Activity

(for all-residential sales in Edmonton CMA1)

July 2018

M/M % Change

Y/Y % Change

SFD2 average3 selling price – month

$436,825

-1.44%

-2.25%

SFD median4 selling price – month

$398,142

-2.42%

-2.89%

Condominium average selling price

$246,115

3.35%

-6.22%

Condominium median selling price

$225,000

-0.88%

-4.26%

All-residential5 average selling price

$370,046

-2.07%

-3.63%

All-residential median selling price

$348,000

page2image3672654128

-2.52%

page2image3672656096

-3.33%

page2image3672661280 page2image3672661824

# residential listings this month

3,194

page2image3672667776

-13.02%

page2image3672672768

4.04%

page2image3672674304 page2image3672675184

# residential sales this month

1,603

-4.47%

-0.99%

# residential inventory at month end

10,094

page2image3673295184

0.52%

page2image3673299440

12.62%

page2image3673302176 page2image3673300992
page2image3673303280

# Total6 MLS® System sales this month

2,149

page2image3673310400

-2.72%

page2image3673315520

1.32%

page2image3673319552 page2image3673320272 page2image3673321136 page2image3673321408

$ Value Total residential sales this month

672,845,787

-6.63%

-3.89%

$ Value of total MLS® System sales – month

802,329,088

page2image3673341904 page2image3673344016

-3.50%

-1.12%

$ Value of total MLS® System sales - YTD

4,713,485,804

page2image3673360048

20.45%

page2image3673362400

-4.90%

page2image3673365216 page2image3673365776


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


3 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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Edmonton, July 4, 2018: In the Edmonton Census Metropolitan Area (CMA) in June 2018, the all 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% relative to May 2018, 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.

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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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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.