June 5, 2017
Edmonton Real Estate Unit Sales Increase 25% in May
Categories:Edmonton Real Estate Report
May 27, 2017
Edmonton Real Estate Market Update – April Prices Are Up!
Categories::Edmonton Real Estate,Edmonton Real Estate Market,Edmonton Real Estate News,Edmonton Realtors,Real Estate Report
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
Edmonton Single Family Homes and Duplexes / Rowhouses
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!
April 11, 2017
April Edmonton Real Estate Report – Spring is Sprouting New Listings and Sales
Categories:Edmonton Real Estate,Edmonton Real Estate Market,Edmonton Real Estate News,Edmonton Realtors,Real Estate Report
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
Edmonton Single Family Homes and Duplexes/Rowhouses
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!
February 10, 2017
February Edmonton Real Estate Report - Unit Sales Up 19%
Categories:Edmonton Real Estate Market Report,Edmonton Real Estate News,Edmonton Realtors,February 2017 Edmonton Real Estate Market Report,Real Estate Report
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
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!
February 2, 2017
The Real Value of Miracle Homes
Categories:Edmonton Realtors,Edmonton Realtors Charity,Edmonton Realtors Community Foundation,Miracle Homes,Stollery Children's Hospital
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!
January 23, 2017
Real Estate Investment Network Optimistic About Edmonton
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.
January 5, 2017
Edmonton Realtor 2017 Forecast
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
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.
December 9, 2016
Edmonton Real Estate Statistics for November 2016
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.
“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)
January 18, 2016
REMAX Edmonton Real Estate Forecast 2016
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
March 6, 2015
100% Sale to Listing Ratio - All Listings Sold in 2014!
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.
Alison Murray, Realtor