The July market is cooling off and balancing out
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The July market is cooling off and balancing out
Residential Unit Sales, Prices and Listings Balance in July
Edmonton, August 3, 2021: Total residential 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.
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 Edmonton... Summer Sales are still Sizzling for June 2021
Edmonton, July 5, 2021: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for June 2021 increased 33.4% compared to June 2020 and decreased 0.3% from May 2021. For June, single-family home unit sales are up 28.8% from June 2020 and down 6.9% from May 2021 at 1,676. Condo unit sales increased 47.2% from June 2020 and decreased 21.4% from May 2021. Duplex/rowhouse unit sales were up 34% year-over-year and down 1.5% month-over-month. All residential average prices are at $398,229, a 10.6% increase from June 2020 and down 0.8% from May 2021. Single-family homes averaged $472,637, a 11.6% year-over-year increase and a 1.5% increase from May 2021. Condominiums sold for an average of $241,808, a 9.9% increase year-over-year, and prices are averaging the same as May 2021. Duplex prices increased 8.1% from June 2020, selling at $356,085, which was a 0.6% decrease from May 2021. Single-family homes averaged 28 days on the market, a 25-day decrease from June of last... The market still as active as ever for May 2021
Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for May 2021 increased 137.1% compared to May 2020 and decreased 4.3% from April 2021. New residential listings are up year-over-year, increasing 140% from April 2020. New residential listings are down month-over-month, decreasing 2.1% from April 2021. Overall inventory in the GEA was down 2.6% from May of last year and increased 7.6% from April 2021. For May, single-family home unit sales are up 136.7% from May 2020 and down 1.3% from April 2021 at 1,801. Condo unit sales increased 161.7% from May 2020 and decreased 10.4% from April 2021. Duplex/rowhouse unit sales were up 118.7% year-over-year and down 4.7% month-over-month. All residential average prices are at $401,390, a 13.4% increase from May 2020 and up 3.0% from April 2021. Single-family homes averaged $465,551, a 12.9% year-over-year increase and a 1.6% increase from April 2021. Condominiums sold for an average of $241,885, an 18.4% increase... The Time is NOW to make the move according to the April 2021 Edmonton and Area Real Estate Stats.Edmonton, May 3, 2021: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for April 2021 increased 284.5% compared to April 2020 and increased 17.6% from March 2021. New residential listings are up year-over-year, increasing 140% from April 2020.
“It is important to keep in mind what we experienced last April with the first wave of the global pandemic and provincial lockdowns,” says REALTORS® Association of Edmonton Chair Tom Shearer. “This has a direct impact on year-over-year numbers.”
For April, single-family home unit sales are up 285% from April 2020 and up 15.1% from March 2021.
All residential average prices are at $389,773, a 10.2% increase from April 2020, and down 0.4% from March 2021. Single-family homes averaged $458,444, an 11.7% year-over-year increase and a 0.1% increase from March 2021.
The MLS® Home Price Index (HPI) composite benchmark price* in the Greater Edmonton Area trended up to $343,000, a 2.1% increase... Wow, just Wow! Take a look at the real estate sales for March 2021!
Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for March 2021 increased 109.9% compared to March 2020 and increased 52.8% from February 2021. The number of new residential listings is up year over year, increasing 51.6% from March 2020. New residential listings are also up month over month, increasing 55.7% from February 2021. For March, single-family home unit sales are up 118.2% from March 2020 and up 53.5% from February 2021 at 1,586. All residential average prices are up to $391,219, a 13.7% increase from March 2020, and up 3.5% from February 2021. Single-family homes sold for an average of $457,936, a 13.3% year-over-year increase from March 2020, and a 4.6% increase from February 2021. Duplex prices increased 11.1% from March 2020, selling at $348,280 which was a 1.5% increase from February. Single-family homes averaged 37 days on the market, a 17-day decrease from March of last year. Condos averaged 53 days on the market, a 13-day decrease yea... The February 2021 Market in Edmonton and the Greater Area exploded.
, March 2, 2021: Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for February 2021 increased 52.1% compared to February 2020.
The number of new residential listings is up year over year, increasing 7.6% from February 2020.
For the month of February, single-family home unit sales are up 62.2% from February 2020. Condo unit sales increased 19.5% from February 2020.
All residential average prices are up to $377,931, a 7.6% increase from February 2020.
Single-family homes sold for an average of $437,977, a 2.7% year-over-year increase from February 2020. Condominiums sold for an average of $230,929, an 8.4% increase year-over-year.
Duplex prices increased 6.6% from February 2020, selling at $343,028.
Single-family homes averaged 48 days on the market, a 23-day decrease from February of last year. Condos averaged 62 days on the market, an 11-day decrease year-over-year, while duplexes averaged 48 days on market, a 32-day decrease compared to February 2020.... Favourable seller conditions for January 2021
Favourable seller conditions Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for January 2021 increased 47.1% compared to January 2020. For the month of January, single family home unit sales are up 50.1% from January 2020 and up 8.5% from December 2020. All residential average prices are up to $364,040, a 3.7% increase from January 2020, and up 0.4% from December 2020. Single family homes sold for an average of $427,677, a 3.2% year-over-year increase from January 2020. Winter Home staging Tips
How did the real estate market wrap up December 2020?
Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for December 2020 increased 31.47% compared to December 2019 and decreased 20.65% from November 2020.
The number of new residential listings is down year over year, decreasing 0.15% from December 2019. New residential listings are down month over month, decreasing 29.59% from November 2020. Overall inventory in the GEA fell 17.29% from December of last year and decreased 19.34% from November 2020.
For the month of December, single family home unit sales are up 26.44% from December 2019 and down 24.64% from November 2020 at 679. Condo unit sales increased 34.90% from December 2019 and decreased 18.30% from November 2020.
All residential average prices are up to $362,447, a 2.61% increase from December 2019, and down 3.77% from November 2020.
Single family homes sold for an average of $428,900, a 4.24% year-over-year increase from December 2019, and a 2.32% decrease from November 2020. Condominiums sold... Why winter may be a good time to sell and buy real estate
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Amazing Real Estate Stats for October 2020
I continue to be amazed by the stats for the real estate market this year. Just some of the highlights sourced from RAE are:
>Residential Unit Sales up 26.34% compared to October 2019
>For the month of October, single family home unit sales are up 38.02% from October 2019.
>All residential average prices are up to $382,060, a 7.97% increase from October 2019.
>Single family homes sold for an average of $442,854, a 5.05% year-over-year increase from October 2019.
Please see picture for local market stats and contact me if you would like to discuss the market more in depth.
HBP Home Buyers Plan
Did you know that if you are a new home buyer, you can withdraw up to $25000 I a calendar year from your RRSP to buy or build a qualifying home for yourself or for a related person with a disability. Talk to your financial institution about the Home Buyers Plan or click the link https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2019-investing-middle-class/home-buyers-plan.html
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