Steady as She Goes – June Market Report

June was a fantastic month all around. We had beautiful weather, I celebrated another birthday and some happy buyers and sellers were created. Congrats to Leigh and Emily on their first home, and Jillian and Martin on their first investment property and Brad on his FULL ASKING price sale! SALES The number of residential units…

Edmonton Single Family Sales remain strong

Good morning to everyone on this gorgeous late Spring day. Edmonton’s market has picked up substantially in the first few months of the Spring. Congrats to Doug and Glenda on the sale of their condo and to Alicia and Rob on the purchase of their first home. SALES Unit sales for single family detached homes…

Stability in Edmonton Market – April Market Report 2016

I hope everyone has taken advantage of our record temps.  The weather has been absolutely dazzling and so far prices remain quite stable despite inventory creeping up over the last few months. Congrats to Don and Lori, Megan and Kirsten on the sale of their homes and a big shout out to Amanda on the…

Prices Hold Strong As Winter Turns To Spring

Well Spring is officially here and for the first time that I can ever remember we have golf courses opening March 31st/April 1st!! March was much busier month in Edmonton and area as the Spring Market seems to building momentum. SALES 1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA in March, Up…

Stability in our mild winter, February Market Update

Well we had a fantastic February weather-wise and the market improved over January but it is still a little sluggish compared to last year, mostly in part with the current economic situation in the province.   RESIDENTIAL INVENTORY   Residential inventory saw another significant increase in February, surpassing 6,000 listings on the market, ending the…

What Is The Home Market Coming To? January 2016 Update

Home Market real estate update

Well January was unseasonably warm and with the weather came some more buyers in the home market. While certainly not a landmark month, certainly better than expected given the time of year and economic turmoil that the news is reporting in the Capital Region. Peta Dunia .   Congrats to Peter and Averil, Scott and…

6 Things YOU MUST KNOW About Mortgages Before You Buy

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense. Get the Right Information Whether you…

9 Most Common & Costly Traps in Buying a Home

No matter which way you look at it buying a home is a major investment. For many homebuyers however, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either: paying too…

Steady as She Goes – June Market Report

June was a fantastic month all around. We had beautiful weather, I celebrated another birthday and some happy buyers and sellers were created.

Congrats to Leigh and Emily on their first home, and Jillian and Martin on their first investment property and Brad on his FULL ASKING price sale!

SALES
The number of residential units reported sold in the Edmonton Census Metropolitan Area (CMA) were flat month-over-month but down 11.1% year-over-year for June. There were 1,117 single family sales reported in June 2016. That number is down 10.1% from June 2015, but on par with the 1,119 reported sales in May. Reported condo sales at 465 were up 11.5% month over month and down 18.7% from the previous year. Duplex/rowhouse sales at 173 are up 9.8% from last year but down 14.8% from May.
PRICING

All residential average sale prices remained virtually the same as June of 2015, up only 0.1%. At $435,366, single family homes experienced a decline in average price of 1.1% from May and 1.8% from June last year. The average condo price was bolstered by the sale of several luxury properties. At $263,326, it was up 3.5% from May and 2.5% from last year. The average duplex/rowhouse sold for $352,7785 (up 4.6% y/y, up 0.7% m/m).

“Although June’s residential unit sales are up slightly over May, we did not see the numbers set in June of 2015. Also notable is that the sustained lull in sales we have seen over the past two years has not been reflected in average price. Continued sales of higher priced properties in the region have helped keep average prices strong,” says REALTORS® Association of Edmonton Chair Steve Sedgwick.
INVENTORY

Total new residential listings in June were 3,041, down 6% from May and down 4.7% from the previous year. There were 8,179 residential properties available in the Edmonton CMA at the end of June. That is up from 7,177 in June of 2015 and 5,609 in June of 2014.

“Inventory remains high and buyers continue to have good selection,” Sedgwick said. “This is welcome particularly to those looking in the popular $350,000 to $450,000 single family price range.”

In June, the all residential average days-on-market was 53 days, down 1 day from May and up 4 days relative to June 2015. On average, single family detached homes sold in 50 days in June, while condominiums sold in an average of 58 days and duplex/rowhouses sold in 53 days.

As you can see Edmonton’s real estate market continues to chug along and defy the odds as prices stay steady.

As always, if you have a nice property it will sell when priced correctly, however patience is important.

If you have any real esate questions you can contact me anytime.

Cheers,

Kyle Rossiter

Edmonton Single Family Sales remain strong

Good morning to everyone on this gorgeous late Spring day. Edmonton’s market has picked up substantially in the first few months of the Spring. Congrats to Doug and Glenda on the sale of their condo and to Alicia and Rob on the purchase of their first home. SALES Unit sales for single family detached homes…

Stability in Edmonton Market – April Market Report 2016

I hope everyone has taken advantage of our record temps.  The weather has been absolutely dazzling and so far prices remain quite stable despite inventory creeping up over the last few months. Congrats to Don and Lori, Megan and Kirsten on the sale of their homes and a big shout out to Amanda on the…

Prices Hold Strong As Winter Turns To Spring

Well Spring is officially here and for the first time that I can ever remember we have golf courses opening March 31st/April 1st!! March was much busier month in Edmonton and area as the Spring Market seems to building momentum. SALES 1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA in March, Up…

Stability in our mild winter, February Market Update

Well we had a fantastic February weather-wise and the market improved over January but it is still a little sluggish compared to last year, mostly in part with the current economic situation in the province.   RESIDENTIAL INVENTORY   Residential inventory saw another significant increase in February, surpassing 6,000 listings on the market, ending the…

What Is The Home Market Coming To? January 2016 Update

Home Market real estate update

Well January was unseasonably warm and with the weather came some more buyers in the home market. While certainly not a landmark month, certainly better than expected given the time of year and economic turmoil that the news is reporting in the Capital Region. Peta Dunia .   Congrats to Peter and Averil, Scott and…

6 Things YOU MUST KNOW About Mortgages Before You Buy

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense. Get the Right Information Whether you…

9 Most Common & Costly Traps in Buying a Home

No matter which way you look at it buying a home is a major investment. For many homebuyers however, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either: paying too…

Steady as She Goes – June Market Report

June was a fantastic month all around. We had beautiful weather, I celebrated another birthday and some happy buyers and sellers were created.

Congrats to Leigh and Emily on their first home, and Jillian and Martin on their first investment property and Brad on his FULL ASKING price sale!

SALES
The number of residential units reported sold in the Edmonton Census Metropolitan Area (CMA) were flat month-over-month but down 11.1% year-over-year for June. There were 1,117 single family sales reported in June 2016. That number is down 10.1% from June 2015, but on par with the 1,119 reported sales in May. Reported condo sales at 465 were up 11.5% month over month and down 18.7% from the previous year. Duplex/rowhouse sales at 173 are up 9.8% from last year but down 14.8% from May.
PRICING

All residential average sale prices remained virtually the same as June of 2015, up only 0.1%. At $435,366, single family homes experienced a decline in average price of 1.1% from May and 1.8% from June last year. The average condo price was bolstered by the sale of several luxury properties. At $263,326, it was up 3.5% from May and 2.5% from last year. The average duplex/rowhouse sold for $352,7785 (up 4.6% y/y, up 0.7% m/m).

“Although June’s residential unit sales are up slightly over May, we did not see the numbers set in June of 2015. Also notable is that the sustained lull in sales we have seen over the past two years has not been reflected in average price. Continued sales of higher priced properties in the region have helped keep average prices strong,” says REALTORS® Association of Edmonton Chair Steve Sedgwick.
INVENTORY

Total new residential listings in June were 3,041, down 6% from May and down 4.7% from the previous year. There were 8,179 residential properties available in the Edmonton CMA at the end of June. That is up from 7,177 in June of 2015 and 5,609 in June of 2014.

“Inventory remains high and buyers continue to have good selection,” Sedgwick said. “This is welcome particularly to those looking in the popular $350,000 to $450,000 single family price range.”

In June, the all residential average days-on-market was 53 days, down 1 day from May and up 4 days relative to June 2015. On average, single family detached homes sold in 50 days in June, while condominiums sold in an average of 58 days and duplex/rowhouses sold in 53 days.

As you can see Edmonton’s real estate market continues to chug along and defy the odds as prices stay steady.

As always, if you have a nice property it will sell when priced correctly, however patience is important.

If you have any real esate questions you can contact me anytime.

Cheers,

Kyle Rossiter

Edmonton Single Family Sales remain strong

Good morning to everyone on this gorgeous late Spring day. Edmonton’s market has picked up substantially in the first few months of the Spring. Congrats to Doug and Glenda on the sale of their condo and to Alicia and Rob on the purchase of their first home. SALES Unit sales for single family detached homes…

Stability in Edmonton Market – April Market Report 2016

I hope everyone has taken advantage of our record temps.  The weather has been absolutely dazzling and so far prices remain quite stable despite inventory creeping up over the last few months. Congrats to Don and Lori, Megan and Kirsten on the sale of their homes and a big shout out to Amanda on the…

Prices Hold Strong As Winter Turns To Spring

Well Spring is officially here and for the first time that I can ever remember we have golf courses opening March 31st/April 1st!! March was much busier month in Edmonton and area as the Spring Market seems to building momentum. SALES 1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA in March, Up…

Stability in our mild winter, February Market Update

Well we had a fantastic February weather-wise and the market improved over January but it is still a little sluggish compared to last year, mostly in part with the current economic situation in the province.   RESIDENTIAL INVENTORY   Residential inventory saw another significant increase in February, surpassing 6,000 listings on the market, ending the…

What Is The Home Market Coming To? January 2016 Update

Home Market real estate update

Well January was unseasonably warm and with the weather came some more buyers in the home market. While certainly not a landmark month, certainly better than expected given the time of year and economic turmoil that the news is reporting in the Capital Region. Peta Dunia .   Congrats to Peter and Averil, Scott and…

6 Things YOU MUST KNOW About Mortgages Before You Buy

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense. Get the Right Information Whether you…

9 Most Common & Costly Traps in Buying a Home

No matter which way you look at it buying a home is a major investment. For many homebuyers however, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either: paying too…

Steady as She Goes – June Market Report

June was a fantastic month all around. We had beautiful weather, I celebrated another birthday and some happy buyers and sellers were created.

Congrats to Leigh and Emily on their first home, and Jillian and Martin on their first investment property and Brad on his FULL ASKING price sale!

SALES
The number of residential units reported sold in the Edmonton Census Metropolitan Area (CMA) were flat month-over-month but down 11.1% year-over-year for June. There were 1,117 single family sales reported in June 2016. That number is down 10.1% from June 2015, but on par with the 1,119 reported sales in May. Reported condo sales at 465 were up 11.5% month over month and down 18.7% from the previous year. Duplex/rowhouse sales at 173 are up 9.8% from last year but down 14.8% from May.
PRICING

All residential average sale prices remained virtually the same as June of 2015, up only 0.1%. At $435,366, single family homes experienced a decline in average price of 1.1% from May and 1.8% from June last year. The average condo price was bolstered by the sale of several luxury properties. At $263,326, it was up 3.5% from May and 2.5% from last year. The average duplex/rowhouse sold for $352,7785 (up 4.6% y/y, up 0.7% m/m).

“Although June’s residential unit sales are up slightly over May, we did not see the numbers set in June of 2015. Also notable is that the sustained lull in sales we have seen over the past two years has not been reflected in average price. Continued sales of higher priced properties in the region have helped keep average prices strong,” says REALTORS® Association of Edmonton Chair Steve Sedgwick.
INVENTORY

Total new residential listings in June were 3,041, down 6% from May and down 4.7% from the previous year. There were 8,179 residential properties available in the Edmonton CMA at the end of June. That is up from 7,177 in June of 2015 and 5,609 in June of 2014.

“Inventory remains high and buyers continue to have good selection,” Sedgwick said. “This is welcome particularly to those looking in the popular $350,000 to $450,000 single family price range.”

In June, the all residential average days-on-market was 53 days, down 1 day from May and up 4 days relative to June 2015. On average, single family detached homes sold in 50 days in June, while condominiums sold in an average of 58 days and duplex/rowhouses sold in 53 days.

As you can see Edmonton’s real estate market continues to chug along and defy the odds as prices stay steady.

As always, if you have a nice property it will sell when priced correctly, however patience is important.

If you have any real esate questions you can contact me anytime.

Cheers,

Kyle Rossiter

Edmonton Single Family Sales remain strong

Good morning to everyone on this gorgeous late Spring day. Edmonton’s market has picked up substantially in the first few months of the Spring. Congrats to Doug and Glenda on the sale of their condo and to Alicia and Rob on the purchase of their first home. SALES Unit sales for single family detached homes…

Stability in Edmonton Market – April Market Report 2016

I hope everyone has taken advantage of our record temps.  The weather has been absolutely dazzling and so far prices remain quite stable despite inventory creeping up over the last few months. Congrats to Don and Lori, Megan and Kirsten on the sale of their homes and a big shout out to Amanda on the…

Prices Hold Strong As Winter Turns To Spring

Well Spring is officially here and for the first time that I can ever remember we have golf courses opening March 31st/April 1st!! March was much busier month in Edmonton and area as the Spring Market seems to building momentum. SALES 1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA in March, Up…

Stability in our mild winter, February Market Update

Well we had a fantastic February weather-wise and the market improved over January but it is still a little sluggish compared to last year, mostly in part with the current economic situation in the province.   RESIDENTIAL INVENTORY   Residential inventory saw another significant increase in February, surpassing 6,000 listings on the market, ending the…

What Is The Home Market Coming To? January 2016 Update

Home Market real estate update

Well January was unseasonably warm and with the weather came some more buyers in the home market. While certainly not a landmark month, certainly better than expected given the time of year and economic turmoil that the news is reporting in the Capital Region. Peta Dunia .   Congrats to Peter and Averil, Scott and…

6 Things YOU MUST KNOW About Mortgages Before You Buy

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense. Get the Right Information Whether you…

9 Most Common & Costly Traps in Buying a Home

No matter which way you look at it buying a home is a major investment. For many homebuyers however, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either: paying too…

Steady as She Goes – June Market Report

June was a fantastic month all around. We had beautiful weather, I celebrated another birthday and some happy buyers and sellers were created.

Congrats to Leigh and Emily on their first home, and Jillian and Martin on their first investment property and Brad on his FULL ASKING price sale!

SALES
The number of residential units reported sold in the Edmonton Census Metropolitan Area (CMA) were flat month-over-month but down 11.1% year-over-year for June. There were 1,117 single family sales reported in June 2016. That number is down 10.1% from June 2015, but on par with the 1,119 reported sales in May. Reported condo sales at 465 were up 11.5% month over month and down 18.7% from the previous year. Duplex/rowhouse sales at 173 are up 9.8% from last year but down 14.8% from May.
PRICING

All residential average sale prices remained virtually the same as June of 2015, up only 0.1%. At $435,366, single family homes experienced a decline in average price of 1.1% from May and 1.8% from June last year. The average condo price was bolstered by the sale of several luxury properties. At $263,326, it was up 3.5% from May and 2.5% from last year. The average duplex/rowhouse sold for $352,7785 (up 4.6% y/y, up 0.7% m/m).

“Although June’s residential unit sales are up slightly over May, we did not see the numbers set in June of 2015. Also notable is that the sustained lull in sales we have seen over the past two years has not been reflected in average price. Continued sales of higher priced properties in the region have helped keep average prices strong,” says REALTORS® Association of Edmonton Chair Steve Sedgwick.
INVENTORY

Total new residential listings in June were 3,041, down 6% from May and down 4.7% from the previous year. There were 8,179 residential properties available in the Edmonton CMA at the end of June. That is up from 7,177 in June of 2015 and 5,609 in June of 2014.

“Inventory remains high and buyers continue to have good selection,” Sedgwick said. “This is welcome particularly to those looking in the popular $350,000 to $450,000 single family price range.”

In June, the all residential average days-on-market was 53 days, down 1 day from May and up 4 days relative to June 2015. On average, single family detached homes sold in 50 days in June, while condominiums sold in an average of 58 days and duplex/rowhouses sold in 53 days.

As you can see Edmonton’s real estate market continues to chug along and defy the odds as prices stay steady.

As always, if you have a nice property it will sell when priced correctly, however patience is important.

If you have any real esate questions you can contact me anytime.

Cheers,

Kyle Rossiter

Edmonton Single Family Sales remain strong

Good morning to everyone on this gorgeous late Spring day. Edmonton’s market has picked up substantially in the first few months of the Spring. Congrats to Doug and Glenda on the sale of their condo and to Alicia and Rob on the purchase of their first home. SALES Unit sales for single family detached homes…

Stability in Edmonton Market – April Market Report 2016

I hope everyone has taken advantage of our record temps.  The weather has been absolutely dazzling and so far prices remain quite stable despite inventory creeping up over the last few months. Congrats to Don and Lori, Megan and Kirsten on the sale of their homes and a big shout out to Amanda on the…

Prices Hold Strong As Winter Turns To Spring

Well Spring is officially here and for the first time that I can ever remember we have golf courses opening March 31st/April 1st!! March was much busier month in Edmonton and area as the Spring Market seems to building momentum. SALES 1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA in March, Up…

Stability in our mild winter, February Market Update

Well we had a fantastic February weather-wise and the market improved over January but it is still a little sluggish compared to last year, mostly in part with the current economic situation in the province.   RESIDENTIAL INVENTORY   Residential inventory saw another significant increase in February, surpassing 6,000 listings on the market, ending the…

What Is The Home Market Coming To? January 2016 Update

Home Market real estate update

Well January was unseasonably warm and with the weather came some more buyers in the home market. While certainly not a landmark month, certainly better than expected given the time of year and economic turmoil that the news is reporting in the Capital Region. Peta Dunia .   Congrats to Peter and Averil, Scott and…

6 Things YOU MUST KNOW About Mortgages Before You Buy

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense. Get the Right Information Whether you…

9 Most Common & Costly Traps in Buying a Home

No matter which way you look at it buying a home is a major investment. For many homebuyers however, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either: paying too…

Steady as She Goes – June Market Report

June was a fantastic month all around. We had beautiful weather, I celebrated another birthday and some happy buyers and sellers were created.

Congrats to Leigh and Emily on their first home, and Jillian and Martin on their first investment property and Brad on his FULL ASKING price sale!

SALES
The number of residential units reported sold in the Edmonton Census Metropolitan Area (CMA) were flat month-over-month but down 11.1% year-over-year for June. There were 1,117 single family sales reported in June 2016. That number is down 10.1% from June 2015, but on par with the 1,119 reported sales in May. Reported condo sales at 465 were up 11.5% month over month and down 18.7% from the previous year. Duplex/rowhouse sales at 173 are up 9.8% from last year but down 14.8% from May.
PRICING

All residential average sale prices remained virtually the same as June of 2015, up only 0.1%. At $435,366, single family homes experienced a decline in average price of 1.1% from May and 1.8% from June last year. The average condo price was bolstered by the sale of several luxury properties. At $263,326, it was up 3.5% from May and 2.5% from last year. The average duplex/rowhouse sold for $352,7785 (up 4.6% y/y, up 0.7% m/m).

“Although June’s residential unit sales are up slightly over May, we did not see the numbers set in June of 2015. Also notable is that the sustained lull in sales we have seen over the past two years has not been reflected in average price. Continued sales of higher priced properties in the region have helped keep average prices strong,” says REALTORS® Association of Edmonton Chair Steve Sedgwick.
INVENTORY

Total new residential listings in June were 3,041, down 6% from May and down 4.7% from the previous year. There were 8,179 residential properties available in the Edmonton CMA at the end of June. That is up from 7,177 in June of 2015 and 5,609 in June of 2014.

“Inventory remains high and buyers continue to have good selection,” Sedgwick said. “This is welcome particularly to those looking in the popular $350,000 to $450,000 single family price range.”

In June, the all residential average days-on-market was 53 days, down 1 day from May and up 4 days relative to June 2015. On average, single family detached homes sold in 50 days in June, while condominiums sold in an average of 58 days and duplex/rowhouses sold in 53 days.

As you can see Edmonton’s real estate market continues to chug along and defy the odds as prices stay steady.

As always, if you have a nice property it will sell when priced correctly, however patience is important.

If you have any real esate questions you can contact me anytime.

Cheers,

Kyle Rossiter

Edmonton Single Family Sales remain strong

Good morning to everyone on this gorgeous late Spring day. Edmonton’s market has picked up substantially in the first few months of the Spring. Congrats to Doug and Glenda on the sale of their condo and to Alicia and Rob on the purchase of their first home. SALES Unit sales for single family detached homes…

Stability in Edmonton Market – April Market Report 2016

I hope everyone has taken advantage of our record temps.  The weather has been absolutely dazzling and so far prices remain quite stable despite inventory creeping up over the last few months. Congrats to Don and Lori, Megan and Kirsten on the sale of their homes and a big shout out to Amanda on the…

Prices Hold Strong As Winter Turns To Spring

Well Spring is officially here and for the first time that I can ever remember we have golf courses opening March 31st/April 1st!! March was much busier month in Edmonton and area as the Spring Market seems to building momentum. SALES 1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA in March, Up…

Stability in our mild winter, February Market Update

Well we had a fantastic February weather-wise and the market improved over January but it is still a little sluggish compared to last year, mostly in part with the current economic situation in the province.   RESIDENTIAL INVENTORY   Residential inventory saw another significant increase in February, surpassing 6,000 listings on the market, ending the…

What Is The Home Market Coming To? January 2016 Update

Home Market real estate update

Well January was unseasonably warm and with the weather came some more buyers in the home market. While certainly not a landmark month, certainly better than expected given the time of year and economic turmoil that the news is reporting in the Capital Region. Peta Dunia .   Congrats to Peter and Averil, Scott and…

6 Things YOU MUST KNOW About Mortgages Before You Buy

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense. Get the Right Information Whether you…

9 Most Common & Costly Traps in Buying a Home

No matter which way you look at it buying a home is a major investment. For many homebuyers however, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either: paying too…

Steady as She Goes – June Market Report

June was a fantastic month all around. We had beautiful weather, I celebrated another birthday and some happy buyers and sellers were created.

Congrats to Leigh and Emily on their first home, and Jillian and Martin on their first investment property and Brad on his FULL ASKING price sale!

SALES
The number of residential units reported sold in the Edmonton Census Metropolitan Area (CMA) were flat month-over-month but down 11.1% year-over-year for June. There were 1,117 single family sales reported in June 2016. That number is down 10.1% from June 2015, but on par with the 1,119 reported sales in May. Reported condo sales at 465 were up 11.5% month over month and down 18.7% from the previous year. Duplex/rowhouse sales at 173 are up 9.8% from last year but down 14.8% from May.
PRICING

All residential average sale prices remained virtually the same as June of 2015, up only 0.1%. At $435,366, single family homes experienced a decline in average price of 1.1% from May and 1.8% from June last year. The average condo price was bolstered by the sale of several luxury properties. At $263,326, it was up 3.5% from May and 2.5% from last year. The average duplex/rowhouse sold for $352,7785 (up 4.6% y/y, up 0.7% m/m).

“Although June’s residential unit sales are up slightly over May, we did not see the numbers set in June of 2015. Also notable is that the sustained lull in sales we have seen over the past two years has not been reflected in average price. Continued sales of higher priced properties in the region have helped keep average prices strong,” says REALTORS® Association of Edmonton Chair Steve Sedgwick.
INVENTORY

Total new residential listings in June were 3,041, down 6% from May and down 4.7% from the previous year. There were 8,179 residential properties available in the Edmonton CMA at the end of June. That is up from 7,177 in June of 2015 and 5,609 in June of 2014.

“Inventory remains high and buyers continue to have good selection,” Sedgwick said. “This is welcome particularly to those looking in the popular $350,000 to $450,000 single family price range.”

In June, the all residential average days-on-market was 53 days, down 1 day from May and up 4 days relative to June 2015. On average, single family detached homes sold in 50 days in June, while condominiums sold in an average of 58 days and duplex/rowhouses sold in 53 days.

As you can see Edmonton’s real estate market continues to chug along and defy the odds as prices stay steady.

As always, if you have a nice property it will sell when priced correctly, however patience is important.

If you have any real esate questions you can contact me anytime.

Cheers,

Kyle Rossiter

Edmonton Single Family Sales remain strong

Good morning to everyone on this gorgeous late Spring day. Edmonton’s market has picked up substantially in the first few months of the Spring. Congrats to Doug and Glenda on the sale of their condo and to Alicia and Rob on the purchase of their first home. SALES Unit sales for single family detached homes…

Stability in Edmonton Market – April Market Report 2016

I hope everyone has taken advantage of our record temps.  The weather has been absolutely dazzling and so far prices remain quite stable despite inventory creeping up over the last few months. Congrats to Don and Lori, Megan and Kirsten on the sale of their homes and a big shout out to Amanda on the…

Prices Hold Strong As Winter Turns To Spring

Well Spring is officially here and for the first time that I can ever remember we have golf courses opening March 31st/April 1st!! March was much busier month in Edmonton and area as the Spring Market seems to building momentum. SALES 1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA in March, Up…

Stability in our mild winter, February Market Update

Well we had a fantastic February weather-wise and the market improved over January but it is still a little sluggish compared to last year, mostly in part with the current economic situation in the province.   RESIDENTIAL INVENTORY   Residential inventory saw another significant increase in February, surpassing 6,000 listings on the market, ending the…

What Is The Home Market Coming To? January 2016 Update

Home Market real estate update

Well January was unseasonably warm and with the weather came some more buyers in the home market. While certainly not a landmark month, certainly better than expected given the time of year and economic turmoil that the news is reporting in the Capital Region. Peta Dunia .   Congrats to Peter and Averil, Scott and…

6 Things YOU MUST KNOW About Mortgages Before You Buy

Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small differences in the way you structure your mortgage, can cost or save you literally thousands of dollars and years of expense. Get the Right Information Whether you…

9 Most Common & Costly Traps in Buying a Home

No matter which way you look at it buying a home is a major investment. For many homebuyers however, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either: paying too…