• Edmonton Home & Condo Specialist
    Edmonton Home & Condo Specialist

I have listed a new property at 10021 89 AVE in Edmonton. Zone 15, Edmonton  $628,888 
Unique Character Gem in STRATHCONA! With stunning DOWNTOWN VIEWS this Saskatchewan Drive location offers privacy and energy in the heart of Old Strathcona. Foyer opens to a large living room with original sliding pocket door, fireplace, and decorative plaster ceiling detail. Also on main, a formal dining room, den/bedroom with washer/dryer, four-piece bathroom, and an upgraded kitchen with patio doors overlooking a SOUTH facing landscaped backyard. Upstairs are two bedrooms and a flex area. Also, space for potential future development of a 4-piece bathroom (13 ft W x 16 D x 6 H). Basement has a SIDE ENTRACE with utility & laundry room, 2 self contained family rooms, 1 bedroom,2 NEWER kitchens and bathrooms. Upgrades over the past 15 years: kitchens, hardwood floors, windows, furnace, shingles, concrete, & OVERSIZED DOUBLE GARAGE. Lot is 539.48 sq.mt. and ZONED RA7 for REDEVELOPMENT or MULTIFAMILY. Own a piece of beautiful history with PANORAMIC CITY VIEWS, minutes to U of A, & steps to River Valley!
Read full post


As we ring in the New Year, it is clear that we will see a continuing trend of increased demand. Total unit sales in the Edmonton real estate market increased 19.5% in December 2021 compared to December 2020.  “2021 was an incredible year for the Edmonton real estate market, including a record-breaking month in November”, says Realtors Association of Edmonton Chair Tom Shearer.


What’s Next?


According to Canadian Real Estate Association (CREA) demand remains strong, but a large number of households are waiting for new listings to show up. Housing markets will face headwinds in 2022, chief among them higher interest rates. While the Bank of Canada has set the stage for a tightening cycle of still indeterminant size to begin as early as April 2022, mortgage rates have already started to move higher, first this past spring, and again in the last few months.


Homes sell faster when buyers’ have less inventory to choose from. However, this market is fluid.   So, if you would like to discuss this market ahead, or would like some advice as to the best homes preparing strategy, please don’t hesitate to call me.


Thank you to our clients for this past year!  


Alison


January 5, 2022: Realtors Association of Edmonton 


Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for December 2021 increased 19.5% compared to December 2020 and decreased 27.6% from November 2021.

New residential listings increased 10.2% year-over-year from December 2020. However, new residential listings are down month-over-month, decreasing 33.8% from November 2021. Overall inventory in the GEA was down 14.1% from December of last year and decreased 22.6% from November 2021.

For December, single-family home unit sales are up 16.5% from December 2020 and down 29% from November 2021 at 790. Condo unit sales increased 25.6% from December 2020 and decreased 22.9% from November 2021. Duplex/rowhouse unit sales were up 16.8% year-over-year and down 34.3% month-over-month.

All residential average prices are at $381,868, a 5.3% increase from December 2020, and a 0.6% decrease from November 2021. Single-family homes averaged $462,110, a 7.7% year-over-year increase and a 1.1% increase from November 2021. Condominiums sold for an average of $217,065, a 0.1% decrease year-over-year, and prices are down 3.8% compared to November 2021. Duplex prices increased 9.6% from December 2020, selling at $362,906, a 4.3% increase from November 2021.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $410,900, a 5.2% increase from December 2020, and up 0.1% from November 2021.

“2021 was an incredible year for the Edmonton real estate market, including a record-breaking month in November,” says REALTORS® Association of Edmonton Chair Tom Shearer. “While we saw some substantial changes in the month-to-month activity, the year-over-year stats for residential unit sales and listings in the GEA were significantly higher than December of last year.”

Single-family homes averaged 46 days on the market, a seven-day decrease from December of last year. Condos averaged 65 days on the market, a three-day increase year-over-year, while duplexes averaged 47 days on the market, a 10-day decrease compared to December 2020. Overall, all residential listings averaged 52 days on the market, decreasing by six days year-over-year and increasing by three days compared to November 2021.

 

MLS® System Activity 2021  
December 2021
M/M % Change Y/Y % Change
(for all-residential sales in GEA1)      
SFD2 average3 selling price – month $462,110 1.1% 7.7%
SFD median4 selling price – month $423,000 2.7% 5.8%
Condominium average selling price $217,065 -3.8% -0.1%
Condominium median selling price $189,950 -8.0% -0.8%
All-residential5 average selling price $381,868 -0.6% 5.3%
All-residential median selling price $358,250 -0.8% 5.4%
# residential listings this month 1,411 -33.8% 10.2%
# residential sales this month 1,319 -27.6% 19.5%
# residential inventory at month end 4,495 -22.6% -14.1%
# Total6 MLS® System sales this month 1,676 -25.3% 20.3%
$ Value Total residential sales this month $530,908,673 -27.2% 27.0%
$ Value of total MLS® System sales – month $644,170,525 -26.6% 28.9%
$ Value of total MLS® System sales - YTD $12,055,993,056 5.6% 55.9%


Source:  Realtors Association of Edmonton

Read full post

Please visit our Open House at 10623 61 AVE in Edmonton.
Open House on Saturday, October 30, 2021 2:00PM - 4:00PM Join me for an opportunity to view this great Revenue property. Alison Murray
ATTENTION INVESTORS - LEGAL SUITE CLOSE TO SOUTHGATE! South Edmonton semi-bungalow with SECONDARY SUITE located minutes away from Southgate Shopping Mall, LRT, University of Alberta and a block from Mount Pleasantview k-6 school. Charming arched doorways, coved ceilings and hardwood floors throughout. Main floor has a formal dining room, living room, master bedroom, four piece bathroom and an spacious kitchen with gas stove overlooking South facing back yard. Upstairs are two more bedrooms. The basement has PERMITTED SECONDARY SUITE with 3 piece bath, kitchen, open great room and bedroom. SOUTH FACING BACKYARD (Lot size is 447.43 sq.mt; Front 57 ft x 89 ft).OVERSIZED DOUBLE GARAGE . Double pain and triple pain windows, weeping tile, sump pump, and 100 amp. Foundation has been excavated and sealed on two sides of the house. This is a wonderful investment property, ...walking distance to Pleasantview Community League, schools, Southgate Shopping and Light Rail Train!
Read full post

Residential Unit Sales & Pricing Cools for September

 

Having been in real estate for over 17 years, I can attest that this market has been anything but predictable for the past 18 months that has been driven by pent up demand and lower interest rates. Below is the Realtors Association of Edmonton full report for September 2021.


Edmonton, October 4, 2021:  Realtors Association of Edmonton


Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for September 2021 increased 0.9% compared to September 2020 and decreased 8.4% from August 2021.

New residential listings are up year-over-year, increasing 4.9% from September 2020. However, new residential listings are down month-over-month, decreasing 1.7% from August 2021. Overall inventory in the GEA was down 2.3% from September of last year and decreased 4.1% from August 2021.

For September, single-family home unit sales are down 2.8% from September 2020 and down 7.6% from August 2021 at 1,151. Condo unit sales increased 16.8% from September 2020 and decreased 7.0% from August 2021. Duplex/rowhouse unit sales were down 11.4% year-over-year and down 20.8% month-over-month.

All residential average prices are at $377,554, a 0.3% increase from September 2020 and down 1.9% from August 2021. Single-family homes averaged $453,011, a 2.8% year-over-year increase and a 1.9% decrease from August 2021. Condominiums sold for an average of $224,212, a 3.5% decrease year-over-year, and prices are down 1.5% compared to August 2021. Duplex prices decreased 0.9% from September 2020, selling at $337,236, which was a 5.1% decrease from August 2021.

The MLS® Home Price Index (HPI) composite benchmark price* in the Greater Edmonton Area levelled out at $345,200, a 5% increase from September 2020, and down 0.6% from August 2021.

“The Edmonton market in September saw a healthy increase in new residential listings as compared to September 2020,” says REALTORS® Association of Edmonton Chair Tom Shearer. “However, as to be expected at this time of year, the year-over-year residential unit sales in the GEA were only slightly higher than September of last year, while we have started to see a decrease in the month-to-month activity. Naturally, the market is starting to cool after a very busy 18 months with pricing increasing a nominal amount year-over-year.”

Single-family homes averaged 38 days on the market, a nine-day decrease from September of last year. Condos averaged 56 days on the market, a nine-day decrease year-over-year, while duplexes averaged 42 days on the market, a 10-day decrease compared to September 2020. Overall, all residential listings averaged 44 days on the market, decreasing by nine days year-over-year and increasing by two days compared to August 2021.

*The MLS® Home Price Index (HPI) is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices. It is designed to be a reliable, consistent, and timely way of measuring changes in home prices over time. You can find more information on the following pages.

 

MLS® HPI Benchmark Price*  
September 2021
M/M % Change Y/Y % Change
(for all-residential sales in GEA1)      
SFDbenchmark price $414,800 -0.8% 5.9%
Apartment benchmark price $181,800 -1.1% -1.1%
Townhouse benchmark price $212,800 1.7% 1.8%
Composite7 benchmark price $345,200 -0.6% 5%


 
MLS® System Activity 2021  
September 2021
M/M % Change Y/Y % Change
(for all-residential sales in GEA1)      
SFD2 average3 selling price – month $453,011 -1.9% 2.8%
SFD median4 selling price – month $417,000 -0.7% 4.2%
Condominium average selling price $224,212 -1.5% -3.5%
Condominium median selling price $209,000 -2.8% -4.1%
All-residential5 average selling price $377,554 -1.9% 0.3%
All-residential median selling price $358,000 -1.9% 1.7%
# residential listings this month 3,075 -1.7% 4.9%
# residential sales this month 1,883 -8.4% 0.9%
# residential inventory at month end 7,376 -4.1% -2.3%
# Total6 MLS® System sales this month 2,386 -7.7% 0.3%
$ Value Total residential sales this month $745,269,424 -10.6% 1.5%
$ Value of total MLS® System sales – month $895,199,968 -10.7% 2.0%
$ Value of total MLS® System sales - YTD 9,650,382,404 10.2% 67.6%
Read full post

Unit Sales, Prices and Listings Balance in July

 
While real estate markets are cooling nationally, we are still seeing an increase in all residential sales activity in Edmonton. With Edmonton’s affordable housing prices, along with low interest rates which are predicated to rise in 2022, we are anticipating stronger fall sales activity than normal.


Edmonton, August 3, 2021: Realtors Association of Edmonton


Unit sales in the Greater Edmonton Area (GEA) real estate market for July 2021 increased 2.1% compared to July 2020 and decreased 18.9% from June 2021.

New residential listings are up year-over-year, increasing 9.3% from July 2020. However, new residential listings are down month-over-month, decreasing 16.9% from June 2021. Overall inventory in the GEA was down 0.5% from July of last year and decreased 0.1% from June 2021.

For July, single-family home unit sales are down 2.1% from July 2020 and down 20.9% from June 2021 at 1,325. Condo unit sales increased 11% from July 2020 and decreased 19.6% from June 2021. Duplex/rowhouse unit sales were down 1.1% year-over-year and down 14.2% month-over-month.

All residential average prices are at $389,756, a 5.4% increase from July 2020 and down 2.1% from June 2021. Single-family homes averaged $466,091, a 6.8% year-over-year increase and a 1.3% decrease from June 2021. Condominiums sold for an average of $240,096, a 6.7% increase year-over-year, and prices are down 0.8% compared to June 2021. Duplex prices increased 7.6% from July 2020, selling at $357,064, which was a 0.5% increase from June 2021.

The MLS® Home Price Index (HPI) composite benchmark price* in the Greater Edmonton Area leveled out at $349,600, a 7.2% increase from July 2020, and down 0.2% from June 2021.

“The Edmonton market in July saw a balance in residential unit sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “The year-over-year residential unit sales were only slightly higher than July of last year, while we have started to see the monthly activity cool as we get later into the summer season. Pricing has also begun to balance – with nominal year-over-year increases and little change in month-over-month figures. We are still witnessing a strong market, with some balanced activity for July.”

Single-family homes averaged 33 days on the market, a 16-day decrease from July of last year. Condos averaged 54 days on the market, a 9-day decrease year-over-year, while duplexes averaged 37 days on the market, an 18-day decrease compared to July 2020. Overall, all residential listings averaged 39 days on the market, decreasing by 15 days year-over-year and increasing by three days compared to June 2021.

*The MLS® Home Price Index (HPI) is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices. It is designed to be a reliable, consistent, and timely way of measuring changes in home prices over time. You can find more information on the following pages.
 

MLS® HPI Benchmark Price*  
July 2021
M/M % Change Y/Y % Change
(for all-residential sales in GEA1)      
SFDbenchmark price $420,100 -0.1% 8%
Apartment benchmark price $185,900 -0.2% 1.3%
Townhouse benchmark price $212,500 -0.5% 3.8%
Composite7 benchmark price $349,600 -0.2% 7.2%

 
MLS® System Activity 2021  
July 2021
M/M % Change Y/Y % Change
(for all-residential sales in GEA1)      
SFD2 average3 selling price – month $466,091 -1.3% 6.8%
SFD median4 selling price – month $425,000 -0.2% 5.9%
Condominium average selling price $240,096 -0.7% 6.7%
Condominium median selling price $222,000 -0.4% 8.3%
All-residential5 average selling price $389,756 -2.1% 5.4%
All-residential median selling price $366,500 -1.2% 4.7%
# residential listings this month 3,446 -16.9% 9.3%
# residential sales this month 2,208 -18.9% 2.1%
# residential inventory at month end 8015 -0.1% -0.5%
# Total6 MLS® System sales this month 2,763 -20.0% 2.0%
$ Value Total residential sales this month $900,375,906 -21.4% 7.6%
$ Value of total MLS® System sales – month $1,078,390,947 -21.2% 7.4%
$ Value of total MLS® System sales - YTD $7,755,975,057 16.1% 93.6%
 
1 Greater Edmonton 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, duplex/row houses and mobile homes
6 Includes residential, rural and commercial sales
7 Includes SFD, condos, duplex/row houses and mobile homes
Read full post
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.