RSS

Edmonton Real Estate Market Update: Week Ending June 19, 2024

As we step into the warmer months, the Edmonton real estate market continues to show signs of vibrancy and resilience. The latest statistics for the week ending June 19, 2024, reflect a healthy demand and a steady increase in property values. Here’s a detailed look at the numbers:

Unit Sales

This week saw a total of 727 units sold, marking a modest but positive increase of 1% from the previous week. This uptick suggests that buyers are actively engaging with the market, possibly driven by favorable mortgage rates and a general optimism in the economic outlook.

New Listings

On the supply side, the number of new listings has seen a notable decrease. There were 942 new listings this week, which is down by 7% compared to last week. This reduction in new listings could be attributed to a variety of factors, including sellers holding back in anticipation of further price increases or a seasonal lull as summer begins.

Price Trends

The average price of homes in Edmonton has risen to $443,000, reflecting a 2% increase from last week. Similarly, the median price has climbed to $427,000, also up by 2% from the previous week. These price increases indicate a competitive market where demand slightly outpaces supply, pushing prices upwards.

Market Insights

The current market dynamics suggest that Edmonton remains a seller’s market, albeit with some underlying caution. The increase in sales alongside a decrease in new listings puts pressure on the available inventory, which, in turn, supports price growth. Buyers need to be prepared for a competitive environment, while sellers might find it an opportune moment to list their properties to capitalize on the rising prices.

Looking Ahead

As we move further into the summer, it will be interesting to see if the trend of increasing prices and stable sales continues. Factors such as interest rates, economic policies, and broader economic health will undoubtedly play significant roles in shaping the market.

For now, the Edmonton real estate market appears to be on a steady path, with both buyers and sellers finding opportunities to achieve their goals.


*Statistics and data for this report are sourced from the Realtors Association of Alberta.*

Read

New property listed in Zone 08, Edmonton

I have listed a new property at 3 11913 103 ST in Edmonton. See details here

Freshly painted, cleaned & move in ready! Welcome to Westwood! This 2 bed 2 bath condo is a great investment, located in a well managed complex. This home is on the top 2 levels of the building, with the main floor showcasing an open concept great room, kitchen & ½ bath, – oh and did we mention a large WEST FACING balcony! Tons of natural light fill this home with windows facing both West and South. Gorgeous laminate floors flow throughout the home with carpet upstairs & ceramic tile in the bathrooms. The 2nd level has 2 bedrooms, the full bath w/ tub & the laundry unit. The home is spacious and well maintained. All appliances are included. There is also a parking stall included at the rear of the building. This condo is 1 block from NAIT, and close to LRT, Kingsway Mall and Yellowhead Trail. Move in soon & enjoy the spring & summer in your new HOME!

Read

New property listed in Zone 14, Edmonton

I have listed a new property at 23 5873 MULLEN PL in Edmonton. See details here

RAVINE BACKING 2 Bed 4 Bath Townhome w/ Double Attached Garage! This FULLY FINISHED home has an open concept main floor with huge SOUTH FACING windows & plenty of space for entertaining. The upgraded kitchen features a large eating bar, stainless appliances, a corner pantry & direct access to the spacious rear deck that overlooks the ravine & trees. Upstairs, the primary suite is huge w/ a walk in closet & ensuite w/ separate shower & soaker tub. Also upstairs is another large bedroom, laundry room & the main bath. The fully finished basement has a large family room/flex space & half bath. You’ll also find direct access to the covered walkout deck plus access to the double attached garage. This location is PRIME w/ walking trails at your doorstep + minutes from shopping, restaurants & public transit. Well managed complex with great neighbours!

Read

New property listed in Zone 14, Edmonton

I have listed a new property at 28 5873 MULLEN PL in Edmonton. See details here

RAVINE BACKING END UNIT 3 Bed 4 Bath Townhome w/ Double Attached Garage! This FULLY FINISHED home has an open concept main floor, WALKOUT BASEMENT & is in the BEST LOCATION, close to all amenities, restaurants, schools & walking trails. The main floor has HUGE SOUTH FACING windows & plenty of space for entertaining. The chef in the family will love the open concept kitchen w/ a large eating bar, stainless appliances, a corner pantry & direct access to the spacious rear deck that overlooks the ravine & trees. Upstairs, the primary suite OVERLOOKS THE RAVINE & has its own walk in closet & ensuite w/ separate shower & soaker tub. Also upstairs are 2 more large bedrooms, the laundry & main bath. The fully finished basement has a large family room/flex space & half bath. You’ll also find direct access to the covered walkout deck plus access to the double attached garage. Well managed complex in a great location!

Read

New property listed in Zone 35, Edmonton

I have listed a new property at 13459 40 ST in Edmonton. See details here

3 Bed 2 Bath Townhome Fully Finished w/ fenced rear yard overlooking trees, NO REAR NEIGHBOUR + a SOUTH FACING BALCONY. PET FRIENDLY COMPLEX. This home features updates throughout including 12x24 ceramic tiles, laminate floors, updated kitchen appliances & a renovated main bath. The main floor is spacious with a large kitchen with eating bar, spacious dining area, a large open concept great room & ½ bath. There is direct access to the rear fenced patio w/ gate to the large rear green space, the perfect place for your kids to play! Upstairs are 3 large bedrooms including the HUGE master bedroom with French doors, dual closets & a private BALCONY, the best spot to enjoy your morning coffee. The main bathroom has been updated & features a tub w/ tiled surround & added storage. The basement is fully finished with a family room & a fully functioning wood burning fireplace. This well managed complex features many updates in the last few years: windows, doors, siding, roof & fencing. Welcome HOME!

Read

New property listed in Sherwood Park, Sherwood Park

I have listed a new property at 31 EAGLE DR in Sherwood Park. See details here

Over 1,900 sqft of living space, updates throughout, a HUGE backyard & an oversized double garage are a few highlights of this home. 3 beds + 2 ½ baths this home is move in ready. The open concept great room has west facing windows & gleaming hardwood. Opening onto the kitchen you’ll find updated stainless appliances, a large island w/ eating bar & an abundance of cabinets. Through the patio doors you have direct access to the large rear deck w/ hot tub & the backyard. Dog lover? Check out the included dog house. The main floor has the primary suite w/ ensuite & patio doors to the rear deck. The other two bedrooms are spacious & one has an included murphy bed. Downstairs is a large family room w/ bar (pool table negotiable!) + another full bathroom, bar & laundry/storage. Flexible possession

Read

New property listed in St. Albert, St. Albert

I have listed a new property at 402 20 ST JOSEPH ST in St. Albert. See details here

TOP FLOOR, CORNER 2 Bed + Den, 2 Bath – Simply gorgeous & stunning! Get ready to be impressed with this well maintained condo. Modern hardwood & fresh paint great you with an amazing space that’s great for entertaining, while also being a retreat from the hustle & bustle. Located in Downtown St Albert, this home is in the highly desirable Churchill Manor (45+ age), steps from coffee shops, restaurants & close to the river valley trails. The kitchen is spacious, complete with stainless appliances, granite countertops, a large eating bar & a corner pantry. The great room features stunning windows, a corner fireplace & access to the South facing patio. The primary suite is large with a full ensuite & dual closets. Completing the home is another large bedroom, den, insuite laundry & the main bath. Also included is a secured parking stall, storage cage & storage room. Well maintained complex that has a social room as well. Welcome HOME!

Read

New property listed in Rural Westlock County, Rural Westlock County

I have listed a new property at 26325 TWP Rd 632 in Rural Westlock County. See details here

17.92 acres of serenity are calling your name! This gorgeous property features an updated home, attached garage, shop, shed/workshop, a chicken/duck coop & plenty of space for YOU. The home features a gorgeous bright white kitchen with updated appliances, modern lighting & an island w/ eating bar. The dining area has room for a large 8 person table & opens onto the great room where you’ll find large windows & rustic laminate floors. The primary suite has its own ensuite with a stunning tiled shower, dual sinks & a walk in closet. There are two other spacious bedrooms on the main floor & the renovated main bath. Completing this level is the laundry room & direct access to the attached garage w/ 12’ OH door. The basement features 5 bedrooms (easy to remove walls to open up a large family room) & another full bath. The shop has 220 power, water & is 35’6”Dx31’W. Trails lead through the trees to a creek that runs along the rear. Less than 5min of gravel road to the home. Flexible possession

Read

Weekly Real Estate Market Update: Edmonton - Week Ending May 29, 2024

Welcome to this week's real estate market update for Edmonton! As we close the week ending May 29, 2024, the Edmonton real estate market continues to show robust activity and steady growth. Here’s a detailed look at the latest statistics and trends.

Unit Sales Surge

This week, Edmonton saw a total of 722 unit sales. This figure represents an impressive 8% increase compared to last week. The rise in unit sales suggests a strong demand for properties in the Edmonton area, as buyers continue to actively seek out homes despite the slightly rising prices.

New Listings on the Rise

Accompanying the surge in unit sales, there were 968 new listings added to the market this week. This is a 10% increase from the previous week, indicating a healthy inflow of properties available for sale. The increase in listings provides more options for potential buyers and contributes to a dynamic and competitive market environment.

Price Trends

Average Price

The average price of homes in Edmonton climbed to $465,000 this week, marking a 4% increase from last week. This steady rise in the average price reflects the ongoing demand and willingness of buyers to invest in Edmonton's real estate market. Higher average prices can also signal a shift towards the sale of more premium properties.

Median Price

The median price of homes also saw a modest uptick, reaching $435,000. This is a 1% increase from the previous week. The median price provides a useful perspective on the market's central tendency, suggesting that while high-end sales are pushing the average price up, the overall market remains accessible for a broad range of buyers.

Market Insights

The consistent increase in unit sales, new listings, and prices indicates a vibrant and competitive real estate market in Edmonton. The growth in new listings is particularly encouraging, as it suggests that sellers are confident in the market's ability to absorb new inventory, and buyers are actively engaging despite rising prices.

For buyers, the increasing number of listings provides a wider selection to choose from, potentially enhancing their ability to find the ideal property. For sellers, the upward trend in prices presents a favorable environment to list their properties, potentially achieving significant returns on their investments.

Looking Ahead

As we move into the summer months, traditionally a busy period for real estate, it's expected that the Edmonton market will maintain its momentum. Buyers and sellers alike should stay informed about market trends and be prepared to act swiftly to capitalize on opportunities.

Stay tuned for next week's update to keep your finger on the pulse of Edmonton's real estate market. Whether you're buying, selling, or simply keeping an eye on the market, understanding these trends is crucial to making informed decisions. Happy house hunting!

These statistics are sourced from the Realtors Association of Alberta, ensuring that our analysis is based on reliable and up-to-date information.

Read

New property listed in Zone 18, Edmonton

I have listed a new property at 303 9803 96A ST in Edmonton. See details here

2 Bed + Den TOP FLOOR CORNER CONDO with ALL UTILTIES INCLUDED (water, power, heat incl AC) Welcome home to the highly desirable complex, The Landing in Cloverdale. A truly scenic location, steps from the River Valley pet friendly trails, Muttart & LRT + minutes to downtown & Whyte Ave. This warm & inviting home has only 1 neighbour & features windows on 3 exposures South, East & North. The kitchen has a raised eating bar, wrap around kitchen & HUGE walk in pantry. Opening onto the dining room & great room, friends & family will chat & mingle while you prepare your meal. A true retreat from a busy day, the luxurious primary suite features vaulted ceilings, a spacious walk in closet & full ensuite w/ jacuzzi tub. The 2nd bed & den are both spacious. Underground parking & storage unit incl. This vibrant & social complex features a gym, workshop & social room. Condo fee includes heat, water & power. 2 tickets to the popular summer Folk Fest music festival included. Flexible possession, pet friendly complex

Read

New property listed in Zone 20, Edmonton

I have listed a new property at 620 DALHOUSIE CRES in Edmonton. See details here

Immerse yourself in over 3100 sqft of luxury living space in this STUNNING EXECUTIVE BUNGALOW in DONSDALE. Full of wow factor thanks to $200k in renovations! The main flr boasts a sleek, fully upgraded AyA kitchen with gas stove, abundant cabinetry and massive island with dual-sided storage. The kitchen flows into a grand great rm featuring a breathtaking floor-to-ceiling stone fireplace & custom built-ins. Love the outdoors? The 3-season sunroom opens to a gorgeous backyard, perfect for relaxation & entertaining. Your primary suite is a true retreat with a lavish ensuite including heated floors, tile & glass shower, soaker tub, & walk-in closet. Completing the main flr are an office, formal dining rm & laundry rm w/ direct access to the oversized garage. The basement offers a spacious family rm (pool table negotiable!), 3 oversized bdms, a 4-piece bath & ample storage. Additional upgrades include built-in LED exterior lighting, A/C, a garage heater & stunning exterior landscape lighting. Don't miss out!

Read

New property listed in Sherwood Park, Sherwood Park

I have listed a new property at 31 EAGLE DR in Sherwood Park. See details here

Over 1,900 sqft of living space, updates throughout, a HUGE backyard & an oversized double garage are a few highlights of this home. 3 beds + 2 ½ baths this home is move in ready. The open concept great room has west facing windows & gleaming hardwood. Opening onto the kitchen you’ll find updated stainless appliances, a large island w/ eating bar & an abundance of cabinets. Through the patio doors you have direct access to the large rear deck w/ hot tub & the backyard. Dog lover? Check out the included dog house. The main floor has the primary suite w/ ensuite & patio doors to the rear deck. The other two bedrooms are spacious & one has an included murphy bed. Downstairs is a large family room w/ bar (pool table negotiable!) + another full bathroom, bar & laundry/storage. Flexible possession

Read
Copyright 2024 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.