Single family home sales decreased 14% compared to January 2018 but single Family home sales increased 1.51% compared to the previous month. 

Inventory is up 120% compared to the previous month which is typical but means get your property on the market before spring. 

Prices decreased by 6% year over year and month over month. 

Spruce Grove Sales 

21-2019 29-2018

Average days on market- 78

Stony Plain Sales 

14-2019 15-2018 

Average days on market 89

Parkland County Sales 

14-2019 12-2018

Average days on market 80 

Please message me if you would like more information on tour local real estate market.

2019 REALTORS HOUSING FORECAST SEMINAR

JANUARY 9, 2019 President of RAE Matthew Broderick

• There will be a moderate decrease of 1.31% in sales for single family homes, Condo sales will decrease by 2.06% and  half duplex sales will decrease by 0.78%.

• There will be a moderate decrease of 1.17% decrease in sales for single family homes, condo prices will decrease by 1.63% and duplexes will decrease by 0.66%.

• Inventory levels will increase by 1.92% for single family homes, Condos will increase by 1.83% and duplex inventory will decrease by 0.60%.

• Summary is the seller will have to remain patient throughout the sale process as DOM will increase.

• We had a record high inventory and a 5 year low in sales for Single family dwelling and all residential ranges. 2018 was one of the most challenging years in real estate.

• To date, we had a decrease of 5% in home sales in 2018 vs. 2017.

City of Edmonton Economic Update-John Rose Chief Economist

On a positive note, Bank of Canada did not increase interest...