• Edmonton Home & Condo Specialist
    Edmonton Home & Condo Specialist



Pent-up demand, and home is more important than everResidential Unit Sales up 35.55% compared to September 2019.



Most buyers who had planned to purchase in the spring put their plans on hold during March, April and May. More people are now becoming comfortable resuming their search, due to lifting restrictions, more safety precautions, and 3D home tours. Due to the pent-up demand and record low interest rates, the Edmonton real estate market saw an increase in sales this summer, which carried right into September.
 
While the market hasn't yet settled into a 'new normal', and the pandemic has had a severe impact on oil prices and employment, spending time in a home you love is more important than ever.
Good news: The numbers of purchases are back in line with previous years. However, some sub-markets have varied with pricing from last year.
 
See the full REALTORS Association of Edmonton report below for September's stats.


Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for September 2020 increased 35.55% compared to September 2019 and decreased 0.21% from August 2020. The number of new residential listings is up year over year, increasing 10.37% from September 2019. New residential listings are up month over month, increasing 5.90% from August 2020. Overall inventory in the Edmonton CMA fell 15.15% from September of last year and decreased 4.04% from August 2020.

For the month of September, single family home unit sales are up 42.79% from September 2019 and stayed the same as August 2020 at 1,188. Condo unit sales increased 7.26% from September 2019 and decreased 2.21% from August 2020.

All residential average prices are up to $376,571, a 7.14% increase from September 2019, and up 0.54% from August 2020. Single family homes sold for an average of $440,020, a 4.73% year-over-year increase from September 2019, and a 0.11% increase from August 2020. Condominiums sold for an average of $232,237, a 6.74% increase year-over-year, and prices are up 1.34% compared to August 2020. Duplex prices dropped 0.89% from September 2019, selling at $340,519, which was a 0.58% decrease from August 2020.

“The Edmonton market has seen an increase in year-over-year unit sales, compared to a slight decrease in month to month sales,” says REALTORS® Association of Edmonton Chair Jennifer Lucas. “There have also been more sales of single-family homes, condos and duplexes compared to September of last year, while we’ve seen stable or decreasing month over month sales in all markets, which is typical for this time of year. Single family home pricing increased 4.73%, duplexes are down 0.89%, and condos are up 6.74% year-over-year.”

Single family homes averaged 47 days on the market, a twelve-day decrease from last year. Condos decreased to an average of 65 days on the market while duplexes averaged 52 days on market, a fifteen-day decrease compared to September 2019. Overall, all residential listings averaged 53 days on market, decreasing by 10 days on market year-over-year and one day compared to the previous month.


Edmonton, October 2, 2020: 

MLS® System Activity 2020  
September 2020
 
M/M % Change
 
Y/Y % Change
(for all-residential sales in Edmonton CMA1)      
SFDaverage3 selling price – month $440,020 0.11% 4.79%
SFD median4 selling price – month $400,000 -2.44% 4.79%
Condominium average selling price $232,327 1.34% 6.74%
Condominium median selling price $218,000 1.40% 9.00%
All-residential5 average selling price $376,571 0.54% 7.14%
All-residential median selling price $353,000 -0.62% 7.56%
# residential listings this month 2,981 5.90% 10.37%
# residential sales this month 1,872 -0.21% 35.55%
# residential inventory at month end 7,248 -4.04% -15.15%
# Total6 MLS® System sales this month 2,386 0.00% 39.04%
$ Value Total residential sales this month $736,447,527 0.30% 44.80%
$ Value of total MLS® System sales – month $880,354,871 -0.09% 46.05%
$ Value of total MLS® System sales - YTD $5,887,591,108 17.49% 1.28%



(REALTORS ASSOCIATION OF EDMONTON MEDIA RELEASE)

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Edmonton’s housing market saw steady home buyer demand to begin March and a leveling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.


Many of the sales recorded in March were in process before the provincial government declared a state of emergency.

 
“The Edmonton market prices have declined in March and we saw a slight decrease in year-over-year unit sales,” says Realtors® Association of Edmonton Chair Jennifer Lucas. “Of course, with the outbreak of a global pandemic and a hard hit to Alberta’s oil and gas sector, this type of market slowing is not surprising. There have been fewer sales of single family homes, condos and duplexes than in March of last year. Single family home pricing decreased -4.64%, duplexes are down -6.28%, and condos are up +2.50% year-over-year.”

The Realtors Association of Edmonton reported that all residential home sales in the region Edmonton Census Metropolitan Area (CMA) for March 2020 decreased -2.59% compared to March 2019, and increased +10.31% from February 2020. For the month of March single family home sales were down -2.02% from March 2019, and up +13.59% from February 2020.  Condo sales decreased -2.04% from March 2019 and increased +1.41% from February 2020.

All residential average prices were down -3.78 % from March 2019, and down -1.97% from February 2020. Average single family home prices saw a -4.64 % decrease from March 2019, and a -5.13% decrease from February 2020. Condominiums sold for an average of $218,613, a +2.50% increase year-over-year, and prices were up +2.87% compared to February 2020.
  • All data from REALTORS Association of Edmonton

Realtors were named among the province’s list of essential services. This means that we have a responsibility to do what we can to help residents meet their housing and shelter needs while strictly following the most up-to-date public health orders and physical distancing requirements from our health officials and government agencies. We are trying to work with them to address these needs in the safest and most responsible way possible with home buying and selling protocols.

With physical distancing, it is important to minimize visits to your home in order to minimize the risk of infection for you and others. The following are recommended options from the Real Estate Council of Alberta (RECA) and Alberta Health Services for you to consider:


  • using video or 3D tours to create a virtual viewing opportunity in lieu of having an open house, or to limit viewings to serious buyers
  • screening potential buyers before scheduling viewings—ask about their health and recent status to determine the risk
  • placing conditions such as a need to wear masks and gloves
  • create a plan for disinfecting your home after every showing

Every buyer and sellers’ situation is different. If you are planning on making a move in the next year, please contact me directly with any questions you have.  As a REMAX Edmonton Realtor, I have over 15 years’ experience in creating successful selling and buying strategies in both increasing and declining markets.  And, I am hear to help!



Warmest regards,


Alison Murray, B.Comm, REALTOR

REMAX REAL ESTATE

C. 780.619.9812

E. 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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Alberta Real Estate Association has recieved more reports of a scam that is being perpetrated in Alberta that not ony takes advantages of consumer, but implicates our members without their knowledge.

 How it works is a rental property is advertised on sites like Craigslist or Kijiji and the used to describe the property and the name of the listing Realtor apprears to have been scraped from Realtor.ca or elsewhere.  The scammer impersonates the Realtor when responding to prospective renters.

 Alberta Real Estate Association anticipates that, as markets heat up and rental property becomes more scarce, this type of scam may be seen more frequently.  AREA is taking actions to protect both our members and the consumers they serve.

 In addition to alerting the real estate boards and you, AREA has drafted a media release that, in partnership with local boards, will be forwarded to the media so that consumers can be warned about this type of scam. AREA will aslo communicate with Kijiji so that this scam can be added to the list of common scams on their site.

 When the prospective renter posted an inquiry, here is the response they received:

 Thanks for your interest in my Duplex. My name is (AREA: name of listing REALTOR® inserted here) I am a construction Engineer and I am the owner of the 3 bedroom Duplex . I have been transferred to one of our branches in West Africa and that is why I am putting up the Duplex for rent. The Duplex vital informative documents and the entrance keys to my Duplex is with us, we try to look for dependable agent to handle the rent but could not find one due to the limited time we had before leaving the country. Mostly we do not want our property to be given to any sort of person to avoid damages and troubles.The Duplex is available for rent and is available for long term and short term lease. 


Duplex Address: XXXX XXX Ave Edmonton AB, Canada
 This unit is available for immediate move in. Modern 3 beds and 3 Full Bath Basement:Full Suite the Duplex is strategically located in a very cool and lovely environment with five (5) appliances including dish washer with in-suite laundry and plenty of storage space and parking space . Professional and mature neighbors ensure peaceful living arrangements. Freshly painted and immaculately clean with private bathroom.
 We are looking for a responsible person that can take very good care of it as we are not after the money for the rent but want the property to be kept clean all the time as it is our hard-earned property. If you are honestly interested and will absolutely maintain our property (Taking care of it like yours) as I hope I can put my trust and confidence in you presently, I earlier wanted to sell the Duplex but had a second thought to rather put it up for rent. The rent is ($900 )including utilities Damages Deposit Fee ($400) So I will like you to get back to me so that I can forward you the full interior pictures to you to have an idea how beautiful and spacious the inside looks and i will like you to fill out the rental application form below.......

Full Name :
Address :
Phone # :
Gender :
Work :
Are You Married:
Marital Status :
Do you Drink Alcohol :
Pets :
Do you smoke :
How Many People Will Be Living In The Duplex:
Your Move-in Date :
Your Move-Out Date :

Thanks for taking your time in writing me and hope to hear back from you.
Best Regards
(AREA: name of REALTOR®) And Family

 What to Do?

If you come across an instance where you name is being used in this type of scam, after taking the appropriate steps, please email specifics to AREA (communications@areahub.ca) so that we can track the extent of this problem. 

Alberta Real Estate Association

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Welcome to this Rare Gem in Riverbend!  Half duplex with 4 bedrooms and double garage is located in an ideal Southwest Edmonton location across the street from spectacular single family residences.  Open floor plan with over 1594 Sq.ft. of developed living space and soaring vaulted ceilings.  Dining room opens to your large living room with fireplace.  Upper level features 2 spacious bdrms with 1 and a half renovated baths.  Lower level has large windows with 2 more roomy bdrms with another full baths. Delightful kitchen with upgraded cabinets, Teak hardwood floors, subway backsplash, and granite kitchen island. Garden patio door looking over your deck and large mature trees for privacy. Recently painted, fixtures upgraded, and custom Hunter Douglas blinds. Shingles, eaves troughs, HWT, furnace and carpet replaced in 2010.  Steps from River Valley trails; walk to 5 schools, and Riverbend Club. 10 min to U of A. 20 min. to Downtown! NO CONDO FEES! 4511 Whitemud Road. $379,999

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Hi Alison, Helena and I would like to thank you for your proficiency and diligence in selling and buying our homes. I know at times we were not the easiest clients to work with, so we would also like to thank you for your patience.  Again thanks for everything and have a happy holiday.  Mauro Bagnariol and Helena Taveras

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Edmonton Realtor, Alison Murray has launched her new website, focusing on Edmonton Condos http://www.edmontoncondosinfo.comEdmontoncondosinfo.com will provide clients with a wealth of news, tips, advice and resources with buying or selling a condominium in Edmonton Alberta. From how to decorate and maximize your living area in a small space, to how to get top dollar for your property, this site promises to deliver.

Visit the today for a complementary home market evaluation; or for buyers,  fill out our search form and let Alison find the perfect condo to suit your needs.  http://www.edmontoncondosinfo.com Edmonton Condos

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Thank you so much for helping us with our recent sale and purchase of our West Edmonton homes.  Again, we couldn't have been more pleased with the service you provided.  You were always professional, knowledgeable, and very hard working.  Our home sold so fast, and we received a fair price that we were happy with.  We have been living in the new house for a month now, and every single day we find ourselves saying," we are so happy ".   Our son Cooper plays in the back yard while I watch from the kitchen window.  Or, he is playing in the mountain of toys in the finished basement - he loves it here. Giuseppe is happy with the oversized garage and has done a few small projects around the house - couldn’t be home if he didn't, you know how he likes to work on things.  The bungalow is much better for my arthritis as well.  We truly feel at home here.  Thank you Alison for finding us such a wonderful West Edmonton home.  You were a pleasure to work with and we would definitely recommend you!

- Giuseppe & Jessical Piscopo

 

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May 2011’s monthly stats update from the Edmonton Real Estate market:

Our average days on market (50 days) are the lowest that it has been in 4 years.  The sales-to-listing ratio is 53% and is the highest it has been in 4 years.  Both the days on market and the sale-to-listing ratio are good indicators of markets conditions and both have improved from 4 years ago. 

Average Condo Selling Price       -2.96% from May 2010

Medium Condo Selling Price       +3.64% from May 2010

Average Single Family Home       -2.48% from May 2010

Medium Single Family Home      + 2.19 from May 2010

The summer is historically a busy time for sellers putting their homes up for sale.  Slightly above average levels of inventory for the Edmonton real estate market at 8,180 in the month of May, gives buyers a good selection.   With an increase of interest rates scheduled for the end of the summer, there is good chance we will see an increase in buyers getting their purchase wrapped up before the interest rates erode their purchasing power.    Source:  Edmonton Real Estate Board

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Copyright 2020 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.