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Spring is in full gear and so is the Edmonton real estate market. Edmonton Realtors are expecting a promising season with an increase in inventory levels, unit volumes and prices.

 “Average monthly prices across all categories have increased,” says James Mabey, REALTORS® Association of Edmonton Chair. “Despite slightly slower April sales, the spring buying season is off to a solid start.”

“Inventory levels and unit volumes continues to increase as the weather warms, which is typical for the market at this time of year,” says Mabey.

Edmonton Listings, Sales and Prices

  • There were 3,164 MLS listed properties sold in April, which is an increase of 2.73% from last month, March 2017, and is a decrease of 2.65% from April 2016. 
  • New listings in April increased 2.73% compared to last month, March 2017, and decreased 2.65% compared to last year, April 2016.
  • Average prices are increasing in all categories compared to last month, March 2017.
  • The all residential average unit sale price was $377,774, which is an increase of 1.64% compared to last month, March 2017.
  • Total Residential Listings YTD 8,091. 

Edmonton Single Family Homes and Duplexes / Rowhouses

  • Single family homes averaged at $439,438, which is an increase of 0.07% compared to last month, March 2017.
  • Single family home average selling price increased 0.03% compared to April 2016.
  • The DOM for single family homes decreased from 50 days in March to 48 days in April.
  • Duplexes and rowhouses average price was $357,815, which is an increase of 2.58% compared to last month, March 2017.
  • The duplex/rowhouse average selling price increased 4.97% compared to April 2016.
  • The DOM for duplexes/rowhouses increased from 62 days in March to 64 days in April.

Edmonton Condos

  • 398 condos were sold in April compared to last month, March 2017, when 389 units were sold.
  • In April 2017, Edmonton condos averaged at $257,740, which is an increase of 6.23% compared to last month, March 2017.
  • The condo average selling price increased 2.32% compared to April 2016.
  • Edmonton condos are selling faster – the DOM decreased from 67 days in March to 60 days in April.

Average Selling Price

April 2017

M/M % Change

Y/Y% Change

SFDs

$439,438

0.07%

  0.03%

Duplexes/rowhouses

$357,815

4.97%

  2.58%

Condo

$257,740

6.23%

  2.32%

 

Days On Market

April 2017

March 2017

April 2016

SFDs

48 days

50 days

50 days

Duplexes/rowhouses

64 days

62 days

61 days

Condo

60 days

67 days

59 days

Average

57 days

60 days

57 days

 

Thinking of selling?

Spring is a prime time to put your house on the market. If you are ready to sell, be sure to contact an agent who knows your market so that you are priced right. Find someone who can help prepare your home for sale and who will professionally market your home until it is sold.

Call or email me if you need any help!

Alison Murray
780-619-9812

Alison@InfoEdmonton.ca

 

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Edmonton Market Report Spring 2017, Edmonton Realtor, Edmonton Condos, Edmonton Real Estate

The new season is bringing signs of life in the outdoors as well as in the Edmonton real estate market for Edmonton realtors.  The Edmonton Real Estate Board released its quarterly report last week and things are looking promising.

“We generally see activity in the housing market start to increase at this time of year,” says James Mabey, REALTORS® Association of Edmonton Chair. “Buyers can look forward to more inventory to choose from and sellers can count on more buyers in the marketplace.”

“It is promising to see positive movement in the condo market. We have seen a large increase in both new and resale inventory, so it is good to see sales starting to follow suit,” says Mabey.

Edmonton Listings, Sales and Prices

  • There were 1,474 MLS listed properties sold in March which is an increase of 31.8 % from last month, February 2017, as well as an increase of 1.8% from March 2016. 
  • New listings in March reached 3,080 which was an increase of 26.7% compared to last month, February 2017, and an increase of 1.4% in March 2016.
  • Average prices are increasing in all categories compared to last month, February 2017.
  • The all residential average unit sale price was $371,680 which is an increase of 3.1% compared to last month, February 2017.

Edmonton Single Family Homes and Duplexes/Rowhouses

  • Single family homes averaged at $439,139 which is an increase of 3% compared to last month, February 2017.
  • Single family home average selling price increased 0.49% compared to March 2016.
  • The DOM for single family homes decreased from 58 days in February to 50 days in March.
  • Duplexes and rowhouses average price was $348,806 which is an increase of 0.41% compared to last month, February 2017.
  • The duplex/rowhouse average selling price increased 3.2% compared to March 2016.
  • The DOM for duplexes/rowhouses decreased from 80 days in February to 67 days in March.

Edmonton Condos

  • 389 condos were sold in March compared to last month, February 2017 when 357 units were sold.
  • In March 2017, Edmonton condos averaged at $242,632, which is an increase of 3.86% compared to last month, February 2017.
  • Edmonton condos are selling faster – the DOM decreased from 74 days in February to 67 days in March.

 

Avg. Selling Price

March 2017

M/M % Change

Y/Y% Change

SFDs

$439,139

3.04%

0.49%

Duplexes/rowhouses

$348,806

0.41%

3.20%

Condo

$242,632

3.86%

-3.11%

 

Days On Market

March 2017

February 2017

March 2016

SFDs

50 days

58 days

49 days

Duplexes/rowhouses

67 days

80 days

62 days

Condo

67 days

74 days

58 days

Average

57 days

65 days

53 days

Thinking of selling this spring? 

Be sure to contact an agent who knows your market so that you are priced right. Find someone who can help prepare your home for sale and who will professionally market your home until it is sold.

Call or email me if you need any help!

Alison Murray
780-619-9812

Alison@InfoEdmonton.ca

www.InfoEdmonton.ca

 

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As an Edmonton realtor, I’m seeing positive signs for our real estate market in 2017. According to the Edmonton Real Estate Board, unit sales of all residential listings were up 19% compared to January 2016.

Prices did experience a slight decrease over all categories, but remained fairly stable. Compared to January 2016, condominium prices increased 8.7% and duplex/row houses increased 8%. Single family home prices remained rather stable with an average of $416,859.

“2017 has started strong, with an increase in year over year unit sales and prices remaining stable,” said James Mabey, REALTORS® Association of Edmonton Chair. “While it is still early in the year, the rise in sales suggests that consumer confidence in the housing market is on the rise.”

Total inventory at the end of January 2017 is 5,594. This is a decrease of 2.7% compared to January 2016, but increased 7.4% relative to last month in December 2016. While the overall listings for January more than doubled compared to December 2016, from 1,067 to 2,185, they are lower than last year, this time with a decreased year-over-year by 7.6% from January 2016. 

January 2017 Statistics

 

Single Family Homes

Condos                 

Average Price

$416,859

$246,727

Median Price

$390,000

$228,000

DOM    

68

82

 

If you are planning on selling, this would be a good time to do so. Currently there is a demand with lower inventory than there will be in the spring.  

Thinking of selling?  Be sure to contact an agent who knows your market so that you are priced right. Find someone who can help prepare your home for sale and who will market your home until it is sold.

Source: Realtors Assocation of Edmonton

 

Call me if you need any help!

Alison Murray
780-619-9812

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RE/MAX for sale sign, Miracle Homes, Stollery Children's Hospital, Edmonton Realtor, Edmonton buy and sell homes

Being an Edmonton Realtor is more than helping people buy and sell homes – it’s also about giving back to the community. One of my favourite ways to do this is to make all of my listings a Miracle Home.

What is a Miracle Home? It is a house on the market that when sold, a part of the sale is donated to the Children’s Miracle Network. You can recognize a Miracle Home by the yellow balloon and purple teddy bear on the For Sale sign.

The Children’s Miracle Network is a non-profit that raises funds for 170 children’s hospitals across Canada and the United States. The Children’s Miracle Network distributes the donations to local member hospitals to provide funds to help save and improve the lives of millions of children.  

As a RE/MAX Realtor, I was surprised to know that only RE/MAX provides Miracle Homes and is also Canada’s largest contributing sponsor to the Children’s Miracle Network, donating more than $64 million to this great cause.

In Edmonton, RE/MAX Realtors’ support goes specifically to the Stollery Children’s Hospital. In 2016, Edmonton RE/MAX realtors and home owners donated $450,000, and since 1992 they have donated more than $5 million!

The Stollery Children’s Hospital provides specialized and acute care for children of all ages from premature babies to older teens throughout Western Canada. The Stollery is a leader in saving lives and providing remarkable treatment for children who are critically ill or injured.  Each year the Stollery cares for more than 215,000 patients. Donations provide state-of-the-art equipment, research funds, training opportunities, in-hospital programs for kids to play like kids again, and so much more. Miracle Homes improve the lives of children in our community by providing them with world-class care when they need it most.

There are countless stories of how the lives of children and their families are greatly improved because of the care they receive at the Stollery Children’s Hospital. Samantha Roth is one parent who shares, “When Liam was 16 months old he was diagnosed with Type 1 diabetes at another hospital where the care he received was confusing and slow. When we moved to Edmonton and transferred his care to the Stollery, they went above and beyond our expectations. They take the time to listen to our concerns and are extremely supportive. If we ever moved away from Edmonton, I would keep Liam’s care at the Stollery and drive hours and hours for his appointments.”

Since the Stollery Children’s Hospital greatly improves the lives of numerous children, I’m going to continue to sell homes with the yellow balloon and purple teddy bear on the For Sale sign so that miracles will continue to happen.

If you are thinking of selling in the near future, please feel free to contact me to discuss your goals.

I am here to help!

Alison Murray

780-619-9812

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Edmonton has been sailing through relatively calm waters during Alberta’s economic meltdown, but there could be choppy days ahead, real estate specialist Don Campbell said Tuesday. 

Edmonton realtor news...

 

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Edmonton Realtor 2016  summary statistics


The Realtors Association of Edmonton released its 2017 housing forecast yesterday. Below is a summary of 2016 MLS statistics and a few forecasted trends for 2017:  See full report here. 


MLS® System Activity for December 2016

December 2016

 

M/M % Change

Y/Y % Change

SFD average selling price – month

$420,962

-4.43%

-0.86%

SFD median selling price – month

$392,250

-0.44%

1.88%

Condominium average selling price

$247,647

2.52%

-0.53%

Condominium median selling price

$228,000

6.05%

-5.00%

All-residential average selling price

$357,916

-4.09%

-2.27%

All-residential median selling price

$340,944

-1.82%

-1.18%

# residential listings this month

1,067

-41.53%

-16.51%

# residential sales this month 

716

-26.79%

0.42%

# residential inventory at month end

5,208

-19.80%

2.40%

# Total6 MLS® System sales this month

931

-26.64%

0.22%

 

Edmonton Realtors Association 2017 Forecast

Realtor’s Association of Edmonton Chair, James Mabey forecasts that sales of residential homes will remain stable in 2017.  Single family home unit sales and average prices only slightly dropped in 2016. Unit sales for single family homes are predicted to decline approximately 1.7% in 2017 and prices are also predicted to decline 2.2%.  Inventory for single family homes will stay higher than the last few years.

Condominium sales are only expected to drop by 3.8%, but unit sales are anticipated to grow by 0.2%. Inventory is expected to grow by 1.1%

If you have any other questions about specific product, or any other real estate questions, please feel free to email at Alison@InfoEdmonton.ca, or call me directly at 780-619-9812.


Alison

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On December 2, 2016, the Edmonton Real Estate Board published November's real estate statistics:

The average monthly selling price for single family homes increased by 3.95% and 6.39% for duplexes and rowhouses relative to October 2016. Condominiums experienced a minor decrease in price of 1.68% relative to October 2016. Prices for single family homes grew 1.76% relative to November 2015. November’s unit sales dropped 11.41% relative to the same period last year. 
The all-residential listings average selling price increased 2.52% to $373,174. Single family homes increased to $440,496 and duplex/rowhouses increased to $353,818. Condominium average prices decreased slightly to $241,569. This average selling price for single family homes in November is the second highest for 2016, behind only July.

“There is continued strength and price stability in Edmonton’s real estate market. Most average selling prices increased this month, partially due to the sales of several high-priced listings,” said Steve Sedgwick, Chair of the REALTORS® Association of Edmonton. “The all residential median selling price is down only 1% from last year, but the single family median selling price was down 2% and condominiums median selling price was down over 8%.”

Single family homes continued to sell well, with the average days on market for November staying unchanged from October at 52, which was three days fewer on the market compared to the same period in 2015. However, condominiums and duplexes/rowhouses were both affected by the seasonal market shift. Condominiums averaged 79 days on market, and duplexes/rowhouses averaged 74 days, which was an increase for both of 17 and 18 days, respectively, relative to the same period in 2015.

Residential inventory continued to increase in November to 6,493 listings, an increase of 7.45% compared to last year.

“November inventory decreased by 10% compared to October,” said Sedgwick. “We expect to see the normal seasonal decline during the slower winter months as we head into 2017.”

 

MLS® System Activity (for all-residential sales in Edmonton CMA1)

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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Canada's real estate has posted year-over-year gains in average residential sale price, including Edmonton. Find out which regions are expected to see an increase next year in the 2016 RE/MAX Housing Market Outlook Report: http://rem.ax/1NbrACN

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Happy 2015!

I would to thank all of my clients for a successful 2014...

Every home and condo that I listed in 2014 had sold, and therefore I had a 100% sales to listing ratio.  While the market was some what of a contibuting factor, I also have to give thanks to my clients for their cooperation and diligence when taking my advise on preparing their homes for sale.

It was a great 2014...looking forward to 2015.

Kind regards,

Alison Murray, Realtor
Remax Real Estate Central

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Contact

Cell: 780-619-9812
Toll Free: 1-866-482-4566
Email: Click Here
Alison Murray, Realtor®
RE/MAX Real Estate
10805 – 120 Street,
Edmonton, AB  T5H 3P9 CA

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