Edmonton Real Estate Blog

Only Average Sale Price and Days on Market made it to the green territory last week.

New Listings: 328
Average List Price: $457,656.00
Average Sale Price: $447,972.00
Average Sale Price / Sq Ft: $295.00
Average Days on Market: 51
Total Sales: 186

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

You read that right! Our beloved Edmonton real estate market is finally starting to stabilize.

Below are a few good indicators that shows this stabilization.

MARKET STATUS: Edmonton is still in the Buyer’s market territory, that means Edmonton homes for sale still outnumber the current Edmonton home buyers.

AVERAGE PRICE BY CATEGORY: The condo segment barely moved on a Year-to-Year basis but its still better than single family homes which is down 2.67% from May 2015.

AVERAGE SOLD PRICE: Edmonton home sellers in April enjoyed a 3.15% increase Month-to-Month, while the overall market enjoyed a modest 1.36% Year-to-Year increase from May 2015.

25 YEAR PRICE HISTORY: The 25-year annual rate of return for properties in the city of Edmonton is +5.44%.

ACTIVE & SOLD LISTINGS: Down by 11.07% in May 2015 on a Year-to-Year basis. Yikes! Some Reators are not have a good year!

ABSORPTION RATE: a whooping 78.19% were unsold, expired & terminated listings!

The figures don’t lie, its clear that the market entering a steady state. Now is the time for you to take advantage of this stability! Carpe Diem!

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

New Listings: 422
Average List Price: $305,343
Average Sale Price: $295,664
Average Sale Price / Sq Ft: $271.24
Average Days on Market: 45
Total Sales: 228

A sign that good times lie ahead, 35 homes were listed, increasing the New Listings to 422. $67 was taken off last week’s Average List Price while $5,260 were added to the value of Average Sale Price. $8.95 was also added to the Average Sale Price / Sq Ft. 45 was the recorded Average Days on Market, shortening the listing time by -7 days. +31 new homes were sold, putting Total Sales to 228.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

Here are the stats that you need to be aware of:

New Listings: 387
Average List Price: $305,470.00
Average Sale Price: $290,404.00
Average Sale Price / Sq Ft: $262.29
Average Days on Market: 52
Total Sales: 197

New Listings are up by 4 points compared to last week while Average List Price was down by $520. Average Sale Price also dropped to $290,404 effectively placing a $4,310 discount to home buyers. Average Sale Price / Sq Ft was $20.53 lower than the previous week.

Average Days on Market recorded a 6 point drop making home buying turn around faster Week-on-Week. Total Sales grew by 19 points, making 197 the highest number of total sales in the 3 past weeks.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

Before anything else, here are the stats for the past 2 weeks.

April 1 – 8:
New Listings: 387
Average List Price: $312,046
Average Sale Price: $305,272
Average Sale Price / Sq Ft: $279.33
Average Days on Market: 37
Total Sales: 134

April 8 – 15:
New Listings: 383
Average List Price: $304,950
Average Sale Price: $294,714
Average Sale Price / Sq Ft: $282.82
Average Days on Market: 58
Total Sales: 178

These are the overall changes on a Week-on-Week basis.

New Listings: -4
Average List Price: $7,096.00
Average Sale Price: $10,558.00
Average Sale Price / Sq Ft: $3.49
Average Days on Market: 21
Total Sales: 44

44 sold homes were added to the Total Sales for April 8 – 15 making 178 the highest number of Total Sales since the start of 2016.

This would at least make up for the disappointing figures we have this week. The uptick in the total number of sales makes for a good evidence that the Edmonton home buyers are once again very active in their purchases (mainly due to low home prices).

If you’re thinking of selling your home, it’s never too early or too late to list your property, sales are up so you better decide if you’re going to list your home anytime soon. For home buyers, now’s a great opportunity to find a home that matches your budget.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

Lately, it’s been all bad news that has been aired on TV and published on the internet. Well, today, we’d like for you to break out of that chain of bad news.

Serge Bourgoin, Team Leading Edge Senior Partner brings forth news for all to hear. Whether your buying or selling an Edmonton home, this report will surely turn that frown upside down!

Remember to subscribe to our blog and Youtube channel and check out all the freshly listed Homes For Sale in Edmonton via our new Edmonton MLS Listings.