Edmonton Real Estate - Edmonton Homes for Sale - Norm Cholak RE/MAX River City
Edmonton real estate listings and Edmonton homes for sale brought to you by Norm Cholak of RE/MAX River City
Here are the latest Edmonton Real Estate Market Statistics as of June 17, 2013.
Average Residential Sale Price: $356,293
Average Single Family Sale Price: $404,189
Average Condo Sale Price: $263,338
Average Duplex/Rowhouse Sale Price: $336,976
Total Sold Month to Date: 937
Average Days on Market: 45
For more information on how much your home is worth, call Norm at 780-991-1313.
Here are the latest Edmonton Real Estate Market Statistics as of June 10, 2013.
Average Residential Sale Price: $362,090
Average Single Family Sale Price: $407,530
Average Condo Sale Price: $273,822
Average Duplex/Rowhouse Sale Price: $374,822
Total Sold Month to Date: 395
Average Days on Market: 45
For more information on how much your home is worth, call Norm at 780-991-1313.
Here are the latest Edmonton Real Estate Market Statistics as of May 27, 2013.
Average Residential Sale Price: $348,322
Average Single Family Sale Price: $402,922
Average Condo Sale Price: $236,981
Average Duplex/Rowhouse Sale Price: $320,977
Total Sold Month to Date: 1,551
Average Days on Market: 39
For more information on how much your home is worth, call Norm at 780-991-1313.
Here are the latest Edmonton Real Estate Market Statistics as of May 21, 2013.
Average Residential Sale Price: $350,546
Average Single Family Sale Price: $405,295
Average Condo Sale Price: $236,717
Average Duplex/Rowhouse Sale Price: $326,301
Total Sold Month to Date: 1,168
Average Days on Market: 39
For more information on how much your home is worth, call Norm at 780-991-1313.
Here are the latest Edmonton Real Estate Market Statistics as of May 13, 2013.
Average Residential Sale Price: $349,060
Average Single Family Sale Price: $401,704
Average Condo Sale Price: $234,456
Average Duplex/Rowhouse Sale Price: $342,099
Total Sold Month to Date: 624
Average Days on Market: 42
For more information on how much your home is worth, call Norm at 780-991-1313.
Here are the latest Edmonton Real Estate Market Statistics as of May 6, 2013.
Average Residential Sale Price: $369,123
Average Single Family Sale Price: $422,523
Average Condo Sale Price: $223,176
Average Duplex/Rowhouse Sale Price: $377,043
Total Sold Month to Date: 132
Average Days on Market: 38
For more information on how much your home is worth, call Norm at 780-991-1313.
Here are the latest Edmonton Real Estate Market Statistics as of April 22, 2013.
Average Residential Sale Price: $343,763
Average Single Family Sale Price: $389,349
Average Condo Sale Price: $244,129
Average Duplex/Rowhouse Sale Price: $318,336
Total Sold Month to Date: 1,067
Average Days on Market: 50
For more information on how much your home is worth, call Norm at 780-991-1313.
Please click on the link below to view and/or download a .pdf file containing the full stats package from The Edmonton Real Estate Board for JANUARY 2013…..
Edmonton Home Prices 2013
2013 REALTORS® Housing Forecast Seminar
REALTORS® Association 2013 Housing Forecast is bullish on Edmonton
Edmonton, January 9, 2013: The REALTORS® Association of Edmonton released their annual housing forecast today for Edmonton Home Prices 2013 at a seminar at the Northlands Expo Centre attended by 700 REALTORS® and business people. President Darrell Cook forecast that the value of MLS® sales in 2013 will increase by about 3% for the year after sales of $7 billion in 2012. This is based on a three percent increase in the number of homes sold and increased prices. Cook expects that single family homes, duplexes and rowhouses will increase on average by 2% while the average price for condos will increase by one percent next year.
“We are positioned in the best economy in Canada and perhaps the world,” said Cook. “It is hard to make a restrained forecast when we have job growth, in-migration, low vacancy rates and continuing low interest rates.”
His remarks echoed the predictions of five other speakers at the seminar including Premier Alison Redford who highlighted the value of the housing industry to the Alberta economy. Also presenting at the event were John Rose, Chief Economist for the City of Edmonton; Angus Watt from National Bank of Canada; Brad Ferguson, the President and CEO of Edmonton Economic Development Corporation; and David Lan, Senior Market Analyst from CMHC.
Cook forecast that the year-long average selling price for a single family home, sold through the Multiple Listing Service® in 2013 will increase from $382 thousand to $390 thousand. The average price for a condominium property will increase from $235,500 to $237,800. Although the inventory of available housing is low at this time of year, Cook suggested that increasing prices in the first six months will convince owners to begin listing their property and increased choice for buyers will result.
Cook suggested that, because of our solid economy, the strong interest in acreage properties will continue in 2013 and sales of recreational and vacant properties will also increase as the prices of properties in sun-belt destinations recover and local recreational properties become more comparable in price.
Commercial and industrial sales through the MLS® were up 25% in 2012 and REALTORS® expect the trend to continue next year with an increase in total value from $310 million to $320 million. There will be demand for small office/warehouse lease properties as our strong economy spawns new and expanding businesses.
The role of the REALTOR® has been much discussed in the past two years. Cook urged the members of the REALTORS® Association of Edmonton to focus on client service, education and satisfaction and to continue to demonstrate the value that the REALTOR® has brought to the community and the real estate transaction for the past 85 years.
View Mr. Cook’s entire speech online and download the presentations.
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Forecast summary
| At year end 2012 | 2013 Change | 2013 YTD Forecast | |
| SFD Prices | $382,373 | Up 2% | $390,020 |
| Condo prices | $235,474 | Up 1% | $237,829 |
| All Residential Prices | $334,472 | Up 2% | $341,161 |
| Rural/Recreational | $681,036,217 | Strengthening | $681,036,218 |
| Commercial sales | $310 million | Stronger | $320 million |
| Total MLS® System Sales | 20,393 | Up 3% | 21,005 |
| Value of Total MLS® System Sales | $7 billion | $7.2 Billion | $7 billion |
Please click on the link below to view and/or download a .pdf file containing the full stats package from The Edmonton Real Estate Board for December 2012…..
