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.

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.

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/

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.

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.

Here are the latest month-to-date Edmonton Real Estate Market Statistics as of November 18, 2013.

Average Residential Sale Price: $330,526

Average Single Family Sale Price: $380,554

Average Condo Sale Price: $233,479

Average Duplex/Rowhouse Sale Price: $311,413

Total Sold Month to Date: 596

Average Days on Market: 54

For more information on how much your home is worth, call Norm at 780-991-1313.

Here are the latest month-to-date Edmonton Real Estate Market Statistics as of November 13, 2013.

Average Residential Sale Price: $331,526

Average Single Family Sale Price: $379,564

Average Condo Sale Price: $239,151

Average Duplex/Rowhouse Sale Price: $306,528

Total Sold Month to Date: 303

Average Days on Market: 52

For more information on how much your home is worth, call Norm at 780-991-1313.

Here are the latest month-to-date Edmonton Real Estate Market Statistics for the month of October 2013.

Average Residential Sale Price: $331,595

Average Single Family Sale Price: $383,636

Average Condo Sale Price: $238,931

Average Duplex/Rowhouse Sale Price: $321,737

Total Sold Month to Date: 1,494

Average Days on Market: 53

For more information on how much your home is worth, call Norm at 780-991-1313.

Here are the latest month-to-date Edmonton Real Estate Market Statistics as of October 29, 2013.

Average Residential Sale Price: $330,507

Average Single Family Sale Price: $380,747

Average Condo Sale Price: $237,479

Average Duplex/Rowhouse Sale Price: $317,064

Total Sold Month to Date: 1,253

Average Days on Market: 49

For more information on how much your home is worth, call Norm at 780-991-1313.

Here are the latest month-to-date Edmonton Real Estate Market Statistics as of October 21, 2013.

Average Residential Sale Price: $327,980

Average Single Family Sale Price: $381,579

Average Condo Sale Price: $235,600

Average Duplex/Rowhouse Sale Price: $314,484

Total Sold Month to Date: 885

Average Days on Market: 49

For more information on how much your home is worth, call Norm at 780-991-1313.