According to the Realtor’s Association of Edmonton (RAE) out of the 17,055 residential sales in 2013, 115 of those were in the million dollar plus price range. That is a 29% increase over 2012, where only 87 properties were sold over one million. The highest priced home sold in 2013 was $3.4 million and the highest priced condo sold for $1.6 million.
Million Dollar Homes Sales at an All-Time High in Edmonton
January 9, 2014 By
EDMONTON HOMES | REAL ESTATE STATS FOR JAN 06/14
January 7, 2014 By
Here are the latest month-to-date Edmonton Real Estate Market Statistics as of January 06, 2014.
Average Residential Sale Price: $295,606
Average Single Family Sale Price: $396,950
Average Condo Sale Price: $221,578
Average Duplex/Rowhouse Sale Price: $283,000
Total Sold Month to Date: 16
Average Days on Market: 66
For more information on how much your home is worth, call Norm at 780-991-1313.
EDMONTON HOMES | REAL ESTATE STATS FOR DEC 30/13
December 30, 2013 By
Here are the latest month-to-date Edmonton Real Estate Market Statistics as of December 30, 2013.
Average Residential Sale Price: $341,409
Average Single Family Sale Price: $406,466
Average Condo Sale Price: $237,144
Average Duplex/Rowhouse Sale Price: $335,137
Total Sold Month to Date: 417
Average Days on Market: 65
For more information on how much your home is worth, call Norm at 780-991-1313.
EDMONTON HOMES | TESTIMONIALS | KYLE
December 18, 2013 By
Norm is a true professional and a great guy. I could not be happier with his service and how quickly he had my home sold. I would recommend him to anyone looking to sell or buy a home.
EDMONTON HOMES | REAL ESTATE STATS FOR DEC 9/13
December 10, 2013 By
Here are the latest month-to-date Edmonton Real Estate Market Statistics as of December 9, 2013.
Average Residential Sale Price: $334,670
Average Single Family Sale Price: $387,682
Average Condo Sale Price: $235,513
Average Duplex/Rowhouse Sale Price: $326,050
Total Sold Month to Date: 145
Average Days on Market: 60
For more information on how much your home is worth, call Norm at 780-991-1313.
Report on CMHC 2013 Alberta Housing Outlook Conference
December 6, 2013 By
On November 26, 2013, CMHC held their 2013 Alberta Housing Outlook Conference.
Here are some of the important highlights from that conference.
Alberta is expected to be among Canada’s economic growth leaders in 2013 and 2014.
Alberta’s growing economy is expected to generate employment growth of 2.8% in 2013 and 2.3% in 2014. This will keep the unemployment rate relatively low in Alberta compared to the national average at 4.6% in 2013 and 4.5% in 2014. Alberta’s expanding economy and labour market opportunities will continue to be attractive to migrants, thus net migration to the province will remain at an elevated level. While economic growth outside of Alberta is expected to improve, it is not expected to slow the annual flow of migrants to Alberta until 2014. Net migration reached 86,939 in 2012 and is projected at 95,600 in 2013 and 68,100 in 2014.
In the resale market, Alberta’s MLS sales are forecast to reach 65,000 in 2013 and then rise to 66,800 in 2014. Alberta’s elevated level of net migration will help support housing demand through 2014. In addition to new household formation, employment and wage growth will also support a higher level of resale transactions. After averaging $363,208 in 2012, the MLS price in Alberta will increase to $379,200 in 2013 and $387,400 in 2014. The Sales-to-new listings ratio for Alberta has been trending higher in 2013, indicative of stronger demand relative to supply. As a result some locations are beginning to exhibit sellers’ market conditions. However, ner listings are expected to increase in 2014 and this will help moderate the pace pf price growth next year.
Since 2010 Alberta has had a somewhat balanced market with this year and perhaps next year flirting with a sellers’ market.
There has been a strong transition in employment growth – mainly more full time jobs and less part time jobs.
We are still having a decent migration to our region.
The average price increase for Edmonton this year is reported at 3.2% and the predicted increase is 2.2% for 2014.
Did you know…it takes around 4 years for an immigrant to purchase a home and at least 50% of all immigrant purchase.
For more information visit the CMHC website at http://www.cmhc-schl.gc.ca/en/
EDMONTON HOMES | REAL ESTATE STATS FOR THE MONTH OF NOVEMBER
December 3, 2013 By
Here are the latest month-to-date Edmonton Real Estate Market Statistics for the month of November 2013.
Average Residential Sale Price: $342,918
Average Single Family Sale Price: $393,422
Average Condo Sale Price: $242,485
Average Duplex/Rowhouse Sale Price: $323,101
Total Sold Month to Date: 1,156
Average Days on Market: 55
For more information on how much your home is worth, call Norm at 780-991-1313.
EDMONTON HOMES | REAL ESTATE STATS FOR NOV 25/13
November 26, 2013 By
Here are the latest month-to-date Edmonton Real Estate Market Statistics as of November 25, 2013.
Average Residential Sale Price: $342,659
Average Single Family Sale Price: $393,987
Average Condo Sale Price: $240,450
Average Duplex/Rowhouse Sale Price: $321,597
Total Sold Month to Date: 926
Average Days on Market: 56
For more information on how much your home is worth, call Norm at 780-991-1313.
EDMONTON HOMES | TESTIMONIALS | SHAKEEBA & RAHIMDAD
November 21, 2013 By
I would definitely recommend my family and friends to Norm Cholak at Royal Lepage. He is very professional.
Thank you Norm for great tips to sell our house. It was great experience to have you as a realtor.
EDMONTON HOMES | TESTIMONIALS | DAVID
November 19, 2013 By
We chose Norm Cholak because we have heard good things and when we called Norm we spoke to him directly. He and his team created awesome marketing materials and within 10 days we had a solid offer. He has been very helpful throughout the entire process. No matter what it is or when it is he was always available to answer our questions. We had tried to sell our house through Comfree and were unsuccessful. We highly recommend Norm Cholak if you want results.
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