Google: 52619

Total sales decreased 8.3% compared to July 2022 and saw a year-over-year decrease of 12.0% year-over-year from August 2021. New listings decreased 10.5% month-over-month from July 2022 but increased by 0.9% from August of last year. ⁠

Single-family home sales totaled 1,034, down 17.0% from August 2021 and 10.8% from July 2022. Condo sales increased 5.8% from August 2021 but were down 1.5% from July 2022. Duplex/rowhouse sales were down 22.7% year-over-year and 15.0% from last month. ⁠

Single-family homes averaged $469,757, an increase of 1.8% year-over-year and a 4.1% decrease month-over-month. All residential listings averaged 42 days on the market, an increase of 3 days month-over-month.⁠

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!⁠

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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July saw its first large decrease in the Edmonton real estate market. Single-family homes averaged 33 days on the market, seeing an increase of six days from June 2022.

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!

Craig Finnman
Re/Max Elite
craig@craigfinnman.ca
780-982-1589
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There was an increase of 4.1% in residential listings from June of last year and single-family homes averaged 27 days on the market, seeing an increase of four days from May 2022. ⁠

Read Full Market Stats Report

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!⁠ ⁠

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠
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Greater Edmonton Area sales are up 2% from last April and prices are up 11.4% for Single Family homes. Contact me to discuss how this impacts your buying or selling decision!

Craig Finnman
Re/Max Elite
(780) 982-1589
craig@craigfinnman.ca

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March 2022 stats are out! Contact me about how this impacts your home sale or purchase in 2022.


Craig Finnman

Re/Max Elite

craig@craigfinnman.ca

780-982-1589

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**WATCH VIDEO**


Still have your eyes on the market? If so you'll know that inventory is moving quickly.

Contact me today to sell for TOP dollar!⁠


Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Crazy real estate market we are in now in Edmonton.
 
New listing hits market and we have 20+showings in 48 hrs and 10 offers 9 of which are asking price or much more and property sells unconditionally as good bit over asking price.
 
If you are thinking of selling, NOW is the time you will get TOP DOLLAR
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January stats are out... contact me with your questions regarding selling your home!

Craig Finnman⁠
Re/Max Elite⁠
780 982 1589⁠

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Are you thinking of selling a home this year? Are you thinking of buying a home this year?
 
If so and you want to know what's going on in the Edmonton Real Estate market... THIS VIDEO IS FOR YOU!
 
 
Call me TODAY to sell your home for TOP DOLLAR!
(780) 982-1589
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I hope this post finds you well and healthy as we all continue doing our part in social distancing as the number of COVID-19 cases continue to increase in the Edmonton region. Throughout this year, there have been several hurdles we've all had to overcome as we adjust our lives to a new normal. With that being said, the real estate market has bounced back following a slower than usual second quarter. June and July were the busiest months with 2,051 sales and 2,166 sales respectively.


At the end of September of this year, inventory levels were down when compared to levels in August. This is a good thing because it brings down the number of months inventory is sitting which ultimately begins to strengthen the price. These actions are leading us to the point where we’re beginning to slide into a sellers market.


The benchmark price of detached homes is $374,000, which is up 5% when compared to Q1 when the benchmark price was $349,000. Overall, the price of homes is up 7.1% when compared to September 2019.


3,022 sales occurred in Q1 and 5,100 sales occurred in Q3, which is an increase of 49.6% and  tells us that people are actively committed to buying and selling. When looking at YTD sales from 2019 to 2020, sales are down by 3.5%. At year end in 2019, 13,363 sales had occurred and at the end of September 2020, 12,900 sales have occurred.


When looking at the bigger picture, I believe sales and inventory are healthy; we will most likely see the price of homes continue to increase and we'll probably end the year with similar sales numbers to 2019.


Overall, the real estate market in Edmonton is in a good place and I think it will remain the same for the next little while. I don’t believe things will return to the way they were when COVID-19 was first becoming a prominent force in our lives because we all have a better understanding of how to manage our processes so we can continue to buy or sell homes.


Interested in knowing what your home is worth? 


Click here to be redirected to my website where you'll enter your property information.


It only takes a few minutes and I will then conduct a Comparative Market Analysis of your home.

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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.