26 October 2021

Residential statistics City of Edmonton September 2021

by Christina Reid

RESIDENTIAL STATISTICS CITY OF EDMONTON September 2021

The REALTORS® Association of Edmonton has released the September 2021 Residential Statistics – City of Edmonton. Home sales in Edmonton were essentially flat to same time last year. 1315 residential home sales in September of 2021 up only from 18 homes from September 2020. Average home sale price was $379,187. Prices were also flat only up $2,838 from September of 2020 an increase of .8% year-over-year. Average days on market is upto 45 days.

New listings for the month of September sit at 2361 up from 2150 last year.

The selling price of single family home is at $465,250 up 3.9% from last year. Duplexes and row housing prices are up .6% to an average of $344,836. Condo sales saw a decrease in price of -4.2% to an average of $217,395.

MORTGAGE QUALIFICATION CHANGES

Mortgage rate forecast for Q4 2021: Inflation is expecting the mortgage rates to get pushed up. New mortgage qualification rules went into effect June 1, 2021. The new minimum qualifying rate for uninsured mortgages will be the contracted rate plus 2 percent or 5.25 percent – whichever is higher. That’s up from the current qualifying rate of 4.79 percent.

According to Ratehub.ca’s calculations, a household with an annual income of $100,000 and a 20 percent down payment – with a 5-year fixed mortgage rate of 1.78 percent amortized over 30 years – would qualify for a home valued at $651,000 under today’s 4.79 percent qualifying rate. Under the new stress test rate of 5.25 percent, the same household’s maximum affordability would decrease to $618,000. That’s a difference of $33,000 (or 5 percent).

READY TO MAKE A MOVE

Looking to make a move in Edmonton’s housing market? CLICK HERE to get a free home evaluation. Start home search by CLICKING HERE.

Not ready to make a move but curious what’s happening in the market in your neighbourhood? CLICK HERE to sign up for neighbourhood news. Get updates on the current listings, sales and real estate trends in your neighbourhood.

Residential-statistics-City-of-Edmonton-September-2021

Residential-statistics-City-of-Edmonton-September-2021-CREA

For more information on the Canadian Real Estate Associations MLS® Home Price Index CLICK HERE

26 October 2021

Residential statistics City of Edmonton August 2021

by Christina Reid

RESIDENTIAL STATISTICS CITY OF EDMONTON August 2021

The REALTORS® Association of Edmonton has released the August 2021 Residential Statistics – City of Edmonton. Home sales in Edmonton were up slighlty to same time last year. 1430 residential home sales in August of 2021 up from 168 from August 2020. Average home sale price was $383,976. Prices are up $12,668 from August of 2020 an increase of 3.4% year-over-year. Average days on market is 43 days.

New listings for the month of August sit at 2409 up 312 listings from last year.

The selling price of single family home is at $470,052 up 5.1% from last year. Duplexes and row housing prices are up 6.4% to an average of $371,992. Condo sales saw a decrease in price of -.4% to an average of $220,427.

MORTGAGE QUALIFICATION CHANGES

New mortgage qualification rules went into effect June 1, 2021. The new minimum qualifying rate for uninsured mortgages will be the contracted rate plus 2 percent or 5.25 percent – whichever is higher. That’s up from the current qualifying rate of 4.79 percent.

READY TO MAKE A MOVE

Looking to make a move in Edmonton’s housing market? CLICK HERE to get a free home evaluation. Start home search by CLICKING HERE.

Residential-statistics-City-of-Edmonton-August-2021

Residential-statistics-City-of-Edmonton-August-2021-CREA

For more information on the Canadian Real Estate Associations MLS® Home Price Index CLICK HERE

Residential statistics City of Edmonton July 2021

by Christina Reid

RESIDENTIAL STATISTICS CITY OF EDMONTON July 2021

The REALTORS® Association of Edmonton has released the July 2021 Residential Statistics – City of Edmonton. Home sales in Edmonton were relatively flat to same time last year. 1537 residential home sales in July of 2021 up from 1511 from July 2020. Average home sale price was $389,868. Prices are up from $365,751 in July of 2020 and up 9.4% year-to-date. Average days on market is 39 days.

New listings for the month of July sit at 2588 up 294 listings from last year.

The selling price of single family home is at $475,548 up 6.7% from last year. Duplexes and row housing prices are up 6.4% to an average of $365,336. Condo sales saw an increase in price of 10% to an average of $237,743.

MORTGAGE QUALIFICATION CHANGES

READY TO MAKE A MOVE

Looking to make a move in Edmonton’s housing market? CLICK HERE to get a free home evaluation. Start home search by CLICKING HERE.

July-2021-Residential-Statistics-City-of-Edmonton

Residential-Statistics-City-of-Edmonton-July-2021

For more information on the Canadian Real Estate Associations MLS® Home Price Index CLICK HERE

20 July 2021

Residential statistics City of Edmonton June 2021

by Christina Reid

RESIDENTIAL STATISTICS CITY OF EDMONTON June 2021

The REALTORS® Association of Edmonton has released the June 2021 Residential Statistics – City of Edmonton. Another strong month for home sales in Edmonton. 1908 residential home sales in June of 2021 up by 543 from June 2020. Average home sale price was $398,786. Prices are up $41,457 from June of 2020 and up 10.4% year-to-date. Average days on market is 37 days.

New listings for the month of June sit at 3128 up 559 listings from last year.

The selling price of single family home is at $490,639 up 14% from last year. Duplexes and row housing prices are up 7.7% to an average of $361,291. Condo sales saw an increase of 11.5% to an average of $238,785.

MORTGAGE QUALIFICATION CHANGES

New mortgage qualification rules go into effect June 1, 2021. The new minimum qualifying rate for uninsured mortgages will be the contracted rate plus 2 percent or 5.25 percent – whichever is higher. That’s up from the current qualifying rate of 4.79 percent.

READY TO MAKE A MOVE

Looking to make a move in Edmonton’s housing market? CLICK HERE to get a free home evaluation. Start home search by CLICKING HERE.

RESIDENTIAL HOME SALES STATISTICS CITY OF EDMONTON JUNE 2021

RESIDENTIAL HOME PRICE INDEX STATISTICS CITY OF EDMONTON JUNE 2021- CREA MLS®

For more information on the Canadian Real Estate Associations MLS® Home Price Index CLICK HERE

Edmonton Real Estate Market Trends and Insights • 14 June 2021

RESIDENTIAL STATISTICS CITY OF EDMONTON MAY 2021

by Christina Reid

RESIDENTIAL STATISTICS CITY OF EDMONTON MAY 2021

The REALTORS® Association of Edmonton has released the May 2021 Residential Statistics – City of Edmonton. Another strong month for home sales in Edmonton. 1906 residential home sales in May of 2021. Average home sales price was $403,608. This is up 13.18% from May of 2020 and up $36,013 year to date over 2020. Average days on market has dropped from 64 days to 34 year to date.

New listings for the month of May is 3173 up 1080 listings from last year.

The selling price of single family homes up 11.5% from last year, averaging out to $476,414. Duplexes and row housing prices are up 10.7% to $369,429. Finally Condo sales saw the highest jump by 14.9% to an average of $231,893.

MORTGAGE QUALIFICATION CHANGES

READY TO MAKE A MOVE

Looking to make a move in Edmonton’s housing market? CLICK HERE to get a free home evaluation. Start home search by CLICKING HERE.

Residential Statistics City Of Edmonton Courtesy of REALTORS® Association of Edmonton

2021 vs 2020 RESIDENTIAL STATISTICS – CITY OF EDMONTON. Home sales statistics. Left Column May 2021 Numbers, Right Column May 2020

4 May 2021

Residential Statistics Greater Edmonton Area- April 2021

by Christina Reid

RESIDENTIAL STATISTICS – GREATER EDMONTON AREA APRIL 2021

Residential Statistics – greater Edmonton area* have been released by the REALTORS® Association of Edmonton. April proved another strong month for home sales in the greater Edmonton area. Residential home sales are up 284.5% over April of 2020. Average home sales price up 11.7% from April of 2020 but down .4% from March 2020. Average days on market has dropped from 64 days in 2020 to 37 this year.

ACREAGE SALES

Acreage home sales are up by 430.2% to 228 sales for the month. The sales volume (money spent) on rural homes up $107,206,525 from last year . The average average selling price of acreages is $565,635.

The rates on home loans are being nudged higher by a rising interest rate, on Canadian five-year government bonds. Several of Canada’s major banks hiked their fixed-rate mortgage rate. As a result, the rates most borrowers pay are now higher by as much as .25% on loans with five-year terms. There are expectations rates will continue to rise, so homebuyers and homeowners may need to move fast to lock in the best rate. If you’re looking to purchase a home, try to lock a low rate now because you’ll be able to hold onto it for up to 120 days.

Looking to make a move in Edmonton’s housing market? CLICK HERE to get a free home evaluation. Start home search by CLICKING HERE.

Residential Statistics- Greater Edmonton Area Homes Sales Statistics April 2021 includes Beaumont, Bon Accord, Bruderheim, Calmar, Devon, Edmonton, Fort Saskatchewan, Gibbons, Leduc, Legal, Morinville, New Sarepta, Redwater, Rural Leduc County, Rural Parkland County, Rural Strathcona County, Rural Sturgeon County, Sherwood Park, Spruce Grove, St. Albert, Stony Plain, Thorsby, Wabamun, Warburg.

Rural Statistics of the greater Edmonton area. Home sales statistics April 2021 includes Beaumont, Bon Accord, Bruderheim, Calmar, Devon, Edmonton, Fort Saskatchewan, Gibbons, Leduc, Legal, Morinville, New Sarepta, Redwater, Rural Leduc County, Rural Parkland County, Rural Strathcona County, Rural Sturgeon County, Sherwood Park, Spruce Grove, St. Albert, Stony Plain, Thorsby, Wabamun, Warburg.

4 May 2021

RESIDENTIAL STATISTICS CITY OF EDMONTON APRIL 2021

by Christina Reid

RESIDENTIAL STATISTICS CITY OF EDMONTON APRIL 2021

The REALTORS® Association of Edmonton has released the April 2021 Residential Statistics – City of Edmonton. Another strong month for home sales in Edmonton. Residential home sales up 1420 homes over April of 2020. Average home sales price up 8.8% from April of 2020 and up $31,997 from year to date over 2020. Average days on market has dropped from 62 days to 39 year to date.

We have seen a large jump in new listings for the month of April up 1868 over last year.

The biggest jump in home sales is the selling price of single family homes up 11.4% from last year, averaging out to $470,093. Duplexes and row housing prices are up 4.6% to $357,232. Finally Condo sales are up slightly by 1.6% to an average of $222,233.

Looking to make a move in Edmonton’s housing market? CLICK HERE to get a free home evaluation. Start home search by CLICKING HERE.

Residential Statistics City of Edmonton

2021 vs 2020 RESIDENTIAL STATISTICS – CITY OF EDMONTON. Home sales statistics. Left Column April 2021 Numbers, Right Column April 2020

Listings • 7 April 2021

Northwest Edmonton Homes For Sale

by Christina Reid

NORTHWEST EDMONTON HOMES FOR SALE- LISTING 13048 164 Ave Edmonton, AB T6V 0E6

Looking for a home in Northwest Edmonton with a LEGAL basement suite? Homes for sale in Edmonton with a properly permitted legal basement suite are not easy to find! However, this single family home located in the Northwest neighbourhood of Oxford is a smart investment. Start building equity, live upstairs and rent out your basement.

This home offers, 2170sqft of living space upstairs for you. The main floor is open concept with a large living room, dining area and accented by a large, stunning kitchen island! Upstairs has a huge bonus room, 2 bedrooms and a 4 piece bath. Your master retreat accented by french doors, has a walk-through closet and a 3 piece ensuite.

The legal basement suite is 861sqft with 2 bedrooms. This is not an average suite, it’s been finished with beautiful granite counter tops. The kitchen has plenty of storage and counter space. 2 large bedrooms and a 4 piece bath complete the suite.

Built in 2015 by Encor homes in association with the City of Edmonton, this home still has a transferable home warranty. The home features tankless hot water and has 2 furnaces. Even more impressive, is the design offers you the ability to rent out 1/2 of the 2 car garage.

Located steps to walking trails and the popular Elizabeth Finch K-9 public school and playground in Carlton Park. Public transportation is conveniently located just up the street. Northwest Edmonton shopping at Albany Market Square is walking distance. There is a variety of shops and popular restaurants including Walmart. Seconds to Anthony Henday drive you can commute around the city in minutes.

Interest rates are still low! Your minimum downpayment works out to only $32,500 and monthly payments of $2,265.75*. You can own this home for cheaper than rent. (*payments based on 5% down, 25 year amortization and a fixed rate of 1.54%). Don’t have a 5% downpayment? Contact me. There are options for you to do a Borrowed Down Payment or First Time Home Buyer Incentive

Northwest Edmonton homes for sale with a legal suite are very few and far between don’t miss your chance to own this home!

To see a virtual tour of 13048 164 Ave Edmonton, AB T6V 0E6 CLICK HERE.

For more information on 13048 164 Ave Edmonton, AB T6V 0E6 CLICK HERE.

NORTHWEST EDMONTON HOMES FOR SALE – Listing 13048 164 Ave Edmonton, AB T6V0E6

Listings • 7 April 2021

Northeast Edmonton Homes For Sale

by Christina Reid

NORTHEAST EDMONTONS HOMES FOR SALE -New Listing 521 Kirkness Road NW, Edmonton, AB T5Y 2G1

Looking for a home in Northeast Edmonton? Cheap houses for sale in Edmonton, look no further!!! This single family home located in the Northeast neighbourhood of Kirkness is a gem. Very clean and well kept, this home is priced lower than a townhome in Edmonton. No condo fees and your own private yard space!

Sit on your front porch and enjoy the evening sunsets. This home offers, 1819sqft of living space and no carpet! The bright open main floor has a large living room, kitchen with dining area, 3 bedrooms and a renovated 4 piece bath. The basement can be accessed from the main floor or by it’s own side entrance. There’s a large open recreation room, 2 other rooms, and a 3 piece bath. Basement rooms can be changed to bedrooms with an affordable renovation by the buyer to change the windows to meet current egress and safety regulations. An oversized detached single car garage just had new shingles installed in 2020. The yard has a chain link fence (no painting) plus low maintenance front and rear landscaping.

Located steps to Kirkness K-6 public school and the public playground in Kirkness Park. Public transportation is conveniently located just across the street, no freezing walks getting to the bus during the winter! Northeast Edmonton shopping is walking distance. Maning Town Centre with many great shops including Canadian Tire, Sports Check, Cabela’s and a variety of restaurants to choose from. Costco is just minutes away for those big stock up shops.

Interest rates are still low! Your 5% downpayment works out to only $14,995 and monthly payments of $1,189.91*. You can own this home for cheaper than rent. (*payments based on 5% down, 25 year amortization and a fixed rate of 1.54%). Don’t have a 5% downpayment? Contact me. There are options for you to do a Borrowed Down Payment or First Time Home Buyer Incentive

To see a virtual tour of 521 Kirkness Road NW CLICK HERE.

For more information on 521 Kirkness Road NW CLICK HERE.

Northeast Edmonton Homes For Sale. 521 Kirkness Road NW, Edmonton, AB T5Y2G1

Residential Statistics Greater Edmonton Area- March 2021

by Christina Reid

Residential Activity Greater Edmonton Area

RESIDENTIAL STATISTICS – GREATER EDMONTON AREA MARCH 2021

Residential Statistics – greater Edmonton area* have been released by the REALTORS® Association of Edmonton. March proved another strong month reported for home sales in the greater Edmonton area. Residential home sales up 109.9% over March of 2020. Average home sales price up 3.5% from February of 2021 and up 13.7% from March 2020. Average days on market has dropped from 60 days in 2020 to 42 this year.

Acreage home sales are up by 180.5%. The sales volume (money spent) on rural homes up 218.3% from last year. The average average selling price of acreages with homes was $702,832. Noting that 27 homes sold over $1,000,000.

Looking to make a move in Edmonton’s housing market? CLICK HERE to get a free home evaluation. Start home search by CLICKING HERE.

Residential Activity Greater Edmonton Area. * Greater Edmonton Area includes Beaumont, Bon Accord, Bruderheim, Calmar, Devon, Edmonton, Fort Saskatchewan, Gibbons, Leduc, Legal, Morinville, New Sarepta, Redwater, Rural Leduc County, Rural Parkland County, Rural Strathcona County, Rural Sturgeon County, Sherwood Park, Spruce Grove, St. Albert, Stony Plain, Thorsby, Wabamun, Warburg.

ACREAGE STATISTICS – GREATER EDMONTON AREA MARCH 2021 vs MARCH 2020

RURAL STATISTICS - GREATER EDMONTON AREA 2021 vs 2020

Rural Statistics of the greater Edmonton area. Left column 2021 numbers, right column 2020.