Edmonton real estate weekly update October 22, 2010 - 10/22/10 11:50 AM
This week the market has continued to improve. As of yesterday we have sold 727 homes so far this month. Based on that pace, the projected month end number of sales would be 1073. This is far higher than the pace we are on in the first week of October (projecting only 943 sales). The bigger news is the number of new listings coming on the market has really slowed. We've listed 1,670 homes so far this month, at that pace the projected month end number of new listings would be 2465 (vs 2800 projection based on the first week of … (0 comments)

Edmonton Real Estate Market update Mid October 2010 - 10/15/10 05:10 PM
Well things are getting a bit better. The sales pace is picking up a little bit. Last week we were on pace to sell only 943 homes, now we are on pace to sell 1000 (there were 452 sales in the last 14 days in the Metro Edmonton area). Another positive development is that the new listings pace has slowed. We were on pace last week to list 2800 homes this month, this week we are on pace to only list 2480 (1120 listings in the last 14 days). This is still a high number of new listings, but hopefully the … (4 comments)

October 7th 2010 Edmonton Real Estate market update - 10/08/10 03:55 PM
As of yesterday, we have listed 635 homes in the Metro Edmonton area for the month of October. That puts us on pace to list over 2800 this month. The high new listing pace of August and September looks to be continuing into October. As for sales, we have sold 213 homes in the Metro Edmonton area. That puts us on pace to sell 943 this month. Traditionally we sell 1200+ in October. So, sales continue to be lower than the last few years' average. Have a great Thanksgiving! Living in this country, we all have much to be grateful for.
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September 2010 Edmonton real estate market update - 10/08/10 03:30 PM
Well September wasn't much different then August.  We saw 1187 sales in September (1285 in August) and there were 2668 new listings in September (2708 in August).  So the supply continues to outpace the demand.  Our listing inventory actually did fall in September from 8822 to 8607 properties for sale.  That certainly wasn't due to sales, it was due to sellers taking their homes off the market.  I hear a lot of people saying that they will take their home off now, and then put it back on in the spring of 2011.  The only problem with this theory, is that … (0 comments)