Sherwood Park & Edmonton Real Estate Blog

During this time of year, our thoughts are filled with gratitude for those who have supported us in our personal lives and careers. Here are some ideas on how to host an event that extends that gratitude to helping others in need.⁠
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Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Total unit sales decreased 12.2% compared to August 2022 and saw a year-over-year decrease of 15.7% from September 2021. All residential listings averaged 48 days on the market, increasing by 4 days month-over-month and 4 days compared to September 2021.

New listings increased 1.7% month-over-month from August 2022 and saw a small increase of 3.7% from September of last year.

Single-family sales were down both 21.9% from September 2021 and 13.5% from August 2022. They averaged $463,051, a 2% year-over-year increase and a month-over-month decrease of 1.1%, and averaged 44 days on the market, an increase of 7 days from August 2022.

Condo sales saw a decrease of 1.5% from September 2021 and were down 13.2% from August 2022. They sold for an average of $220,013, seeing a slight decrease of 1.9% year-over-year and no change when compared to August 2022. Condos averaged 56 days on the market, increasing by 2 days month-over-month.

Duplex/rowhouse unit sales were down both 7.2% year-over-year and 4.9% from last month. Duplex prices increased 11.6% from September 2021, selling at $375,923, and saw a 4.3% decrease from August 2022. Duplexes averaged 45 days on the market, an 8-day increase compared to last month.

The MLS® Home Price Index (HPI) composite benchmark price* came in at $388,800, a 2.2% increase from September 2021, with a small decrease of 2.6% recorded from August 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

Read Full Market Stats Report

Online shopping can be easy and fun. But unfortunately, there are many scammers who want to steal your identity and your money. The information here provides tips on ways you can protect your personal information and your finances when shopping online.

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

Did you hear the news? The BoC increased the overnight lending rate by 0.75%, which is another increase for the 5th time in a row. The Prime rate is expected to increase by 0.75% to 5.45% and Variable rate mortgages will increase by 0.75%.⁠ ⁠

The Bank’s committed to price stability and will continue to do what is required to achieve a 2% inflation target. As the effects of monetary tightening work their way through the economy, the BoC will assess how much higher interest rates need to go to return inflation to its target.

The current inflation rate is measured at 7.6% decreasing from 8.1% in the previous month.⁠ ⁠ The next announcement is scheduled for October 26th and there's certainly hope that October will be more positive.⁠ ⁠

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

Watch Video

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

Watch Video

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

Sales activity continues to slow in the face of rising interest rates and uncertainty but the market still continues to be strong.

Wondering how this impacts your home buying or selling decision? Are you interested in moving out of the province? Connect with me to discuss your options and for a trusted referral.

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

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

May 2022 market stats are out! Average single-family price increased 5.7% YOY and the number of properties sold increased 4.4% YOY. 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

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