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Edmonton Real Estate Market Update February 2016


Blog by Sara Kalke | February 2nd, 2016


The January numbers are out from the REALTORS® Association of Edmonton.  We are all keenly watching the Edmonton real estate news. As always, my top 3 most important points:

  • Inventory is up, reminds me of the exact same blog posts I wrote in 2011 and 2012.  We are starting February at 5,751 residential listings, a number which seems to be steadily climbing
  • Properties are still selling, 618 in total in January.  That number is far down from a busy month like April - June, but people are still selling.
  • Average prices are down 1.23% for single family homes and 10.27% for condos from a year ago.  Given that December 2014 saw a serious shortage of inventory, this number isn't a surprise.

I am hearing a lot of stories of buyers having frustrating times with issues with their properties, challenges with building homes, and more than anything, fear about the year ahead.  I am always here to help, from your renovation resale questions, assistance through the building process and planning for your home ownership future.

Your REALTOR®,
Sara Kalke

780-710-7669





"Home buyers continue to cautiously watch market

Edmonton, February 2, 2016: Residential inventory continues to remain strong, as January closed out with 5,751 properties for sale on the MLS® System for the Edmonton Census Metropolitan Area (CMA). That’s an increase of 39.2% over this time last year, and 13.03% up over last month. Sales for January were down however, with 618 properties selling in the first month of 2016, down 13.32% month-over-month, and 7.21% lower year-over-year (YoY).

More at the REALTORS® Association of Edmonton site  

MLS® System Activity (for all-residential sales in Edmonton CMA1)

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

Stats from the REALTORS® Association of Edmonton