MLS® Listings Down, Condo Prices Up Slightly · Media Release . MLS® Listings Down, Condo Prices...

www.realtorsofedmonton.com

Media Release MLS® Listings Down, Condo Prices Up Slightly Edmonton, December 3, 2019: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of November 2019 are virtually unchanged compared to November 2018’s 1,105 sales and decreased 17.47% from October 2019. The number of new residential listings is down, dropping 12.59% from November 2018. Overall inventory in the Edmonton CMA fell 9.31% from November of last year.

For the month of November, single family home unit sales are down 5.82% and condo unit sales increased 12.50% from the same period of time last year.

All residential average prices are down slightly at $353,838, a 2.32% decrease from November 2018, and are virtually unchanged from October 2019. Single family homes sold for an average of $420,650, a 0.24% year-over-year increase from November 2018, and flat at a 0.07% decrease from October 2019. Condominiums sold for an average of $228,113, a 3.37% increase year-over-year, prices are similar to the previous month, up 0.14%. Duplex prices dropped 7.99% from November 2018, selling at $322,330, which was a 2.02% decrease from the previous month.

“The Edmonton market prices remain stable with a decrease in year-over-year residential listings,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “There are about 260 fewer listings than we had in November of last year, and single family home pricing increased 0.24%, duplexes are down 7.99%, and condos are up 3.37% year-over-year.”

Single family homes averaged 64 days on the market, a two-day decrease from last year. Condos also spent two days less on the market, from 80 to 78 days, while duplexes averaged 64 days on market, a six day decrease from November 2018. Overall, all residential listings averaged 69 days on market, a 1.43% decrease year-over-year, and increased by four days from the previous month.

Contact: Justin Quinn, Communications Specialist 780-453-9347 Michael Brodrick, REALTOR®, 2019 Chair 780-498-6782 Michael Thompson, M.A., LL.M., President and CEO 780-453-9340

www.realtorsofedmonton.com

Review these statistics and more at www.realtorsofedmonton.com

MLS® System Activity 2019 November 2019

M/M % Change

Y/Y %

Change (for all-residential sales in Edmonton CMA1) SFD2 average3 selling price – month $420,650 -0.07% 0.24%

SFD median4 selling price – month $388,200 1.70% 1.62%

Condominium average selling price $228,113 0.14% 3.37% Condominium median selling price $207,500 -1.19% -1.19%

All-residential5 average selling price $353,838 0.08% -2.33%

All-residential median selling price $333,000 0.91% -3.48% # residential listings this month 1,860 -22.47% -12.59% # residential sales this month 1,101 -17.47% -0.36% # residential inventory at month end 7,923 -0.04% -9.31%

# Total6 MLS® System sales this month 1,318 -19.04% -1.27%

$ Value Total residential sales this month 402,993,495 -18.14% -4.12%

$ Value of total MLS® System sales – month 462,399,935 -19.68% -4.33%

$ Value of total MLS® System sales - YTD 6,851,845,148 7.19% -3.58%

1 Census Metropolitan Area (Edmonton and municipalities in the four surrounding counties)

2 Single Family Dwelling

3 Average: The total value of sales in a category divided by the number of properties sold 4 Median: The middle figure in an ordered list of all sales prices

5 Residential includes SFD, condos and duplex/row houses 6 Includes residential, rural and commercial sales 3Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Sales are compared to the month end reports from the prior period and do not reflect late reported sales. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact your local REALTOR®.

The REALTORS® Association of Edmonton (Edmonton Real Estate Board), founded in 1927, is a professional association of real estate Brokers and Associates in the greater Edmonton area. The Association administers the Multiple Listing Service®, provides professional education to its members and enforces a strict Code of Ethics and Standards of Business Practice. The Association also advertises property listings and publishes consumer information on the Internet at www.YEGisHome.ca, www.realtorsofedmonton.com, and www.REALTOR.ca. REALTORS® support charities involving shelter and the homeless through the REALTORS® Community Foundation.

Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

http://www.realtorsofedmonton.com/

5 Year Residential ActivityEdmonton CMA¹

page 1

2019 2018 2017 2016 2015Single Family Detached

New Listings / YTD 1,062 / 18,439 1,265 / 20,035 1,103 / 18,198 1,011 / 17,770 1,102 / 18,960 Sales / YTD 663 / 9,776 704 / 9,965 743 / 10,295 694 / 10,368 788 / 10,930 Sales to New Listings Ratio / YTD 62% / 53% 56% / 50% 67% / 57% 69% / 58% 72% / 58% Sales Volume 278,890,799 295,427,741 327,137,156 307,412,749 338,461,441 Sales Volume YTD 4,162,858,403 4,334,219,571 4,532,227,477 4,526,589,001 4,806,451,608 Average Sale Price 420,650 419,642 440,292 442,958 429,520 Average Sale Price YTD 425,824 434,944 440,236 436,592 439,749 Median Sale Price 388,200 382,000 395,000 397,700 402,350 Median Sale Price YTD 391,000 398,000 405,000 405,000 411,000 Average Days on Market / YTD 64 / 59 66 / 55 58 / 51 52 / 51 55 / 48 Median Days on Market / YTD 50 / 42 55 / 40 46 / 35 40 / 37 47 / 34 Average Days on Market (Cum.) / YTD 105 / 91 101 / 83 90 / 74 78 / 76 80 / 62 Median Days on Market (Cum.) / YTD 69 / 57 82 / 53 64 / 45 53 / 49 59 / 41

Condominium

New Listings / YTD 577 / 8,803 571 / 10,245 658 / 10,695 646 / 10,041 629 / 9,817 Sales / YTD 297 / 3,933 264 / 3,993 339 / 4,225 285 / 4,264 343 / 4,963 Sales to New Listings Ratio / YTD 51% / 45% 46% / 39% 52% / 40% 44% / 42% 55% / 51% Sales Volume 67,749,511 58,257,054 79,452,327 69,985,843 87,597,081 Sales Volume YTD 894,548,847 957,118,647 1,060,201,453 1,083,976,535 1,271,649,509 Average Sale Price 228,113 220,671 234,373 245,564 255,385 Average Sale Price YTD 227,447 239,699 250,935 254,216 256,226 Median Sale Price 207,500 210,000 222,500 222,500 236,800 Median Sale Price YTD 212,000 220,000 232,000 235,000 237,000 Average Days on Market / YTD 78 / 73 80 / 71 76 / 67 76 / 63 61 / 54 Median Days on Market / YTD 62 / 55 71 / 56 66 / 52 56 / 49 52 / 42 Average Days on Market (Cum.) / YTD 118 / 112 118 / 112 123 / 101 99 / 90 82 / 69 Median Days on Market (Cum.) / YTD 87 / 76 96 / 79 96 / 75 72 / 65 67 / 50

Duplex/Rowhouse

New Listings / YTD 173 / 3,056 233 / 3,182 157 / 2,882 182 / 2,768 181 / 2,536 Sales / YTD 114 / 1,661 116 / 1,586 131 / 1,742 119 / 1,667 103 / 1,523 Sales to New Listings Ratio / YTD 66% / 54% 50% / 50% 83% / 60% 65% / 60% 57% / 60% Sales Volume 36,745,642 40,638,257 47,428,619 42,000,502 35,087,770 Sales Volume YTD 554,677,736 543,409,902 608,948,632 578,649,394 539,104,233 Average Sale Price 322,330 350,330 362,051 352,945 340,658 Average Sale Price YTD 333,942 342,629 349,569 347,120 353,975 Median Sale Price 324,950 325,250 334,315 335,000 342,500 Median Sale Price YTD 322,000 327,650 334,000 332,500 342,000 Average Days on Market / YTD 64 / 68 70 / 62 59 / 62 73 / 60 54 / 48 Median Days on Market / YTD 45 / 50 54 / 48 49 / 47 52 / 46 39 / 34 Average Days on Market (Cum.) / YTD 99 / 102 108 / 83 80 / 78 91 / 78 61 / 56 Median Days on Market (Cum.) / YTD 63 / 65 78 / 59 59 / 57 55 / 55 43 / 38

Total Residential²

New Listings / YTD 1,860 / 31,258 2,128 / 34,443 1,964 / 32,587 1,898 / 31,496 1,974 / 32,097 Sales / YTD 1,101 / 15,714 1,105 / 15,842 1,247 / 16,577 1,120 / 16,589 1,263 / 17,748 Sales to New Listings Ratio / YTD 59% / 50% 52% / 46% 63% / 51% 59% / 53% 64% / 55% Sales Volume 389,575,952 400,283,652 463,033,977 423,151,094 466,508,592 Sales Volume YTD 5,666,646,934 5,896,769,784 6,263,050,979 6,244,681,854 6,674,112,324 Average Sale Price 353,838 362,248 371,318 377,813 369,365 Average Sale Price YTD 360,611 372,224 377,816 376,435 376,049 Median Sale Price 333,000 345,000 345,000 355,000 355,000 Median Sale Price YTD 343,000 350,000 355,000 358,000 360,000 Average Days on Market / YTD 69 / 64 70 / 61 65 / 57 61 / 56 57 / 51 Median Days on Market / YTD 54 / 47 58 / 45 52 / 41 45 / 42 48 / 37 Average Days on Market (Cum.) / YTD 111 / 99 106 / 92 100 / 83 85 / 81 79 / 64 Median Days on Market (Cum.) / YTD 75 / 63 84 / 60 74 / 53 58 / 54 59 / 43

¹ Please refer to Appendix A for the full list of areas within the Edmonton CMA (Census Metropolitan Area).

² Total Residential includes residential properties not included in other categories such as vacant lots, parking spaces, mobile homes etc.

November 2019

5 Year Rural ActivityEdmonton CMA¹

page 2

2019 2018 2017 2016 2015Acreage with Home

New Listings / YTD 117 / 2,167 95 / 2,168 112 / 2,005 82 / 1,898 123 / 2,132 Sales / YTD 44 / 767 61 / 765 40 / 815 44 / 820 71 / 905 Sales to New Listings Ratio / YTD 38% / 35% 64% / 35% 36% / 41% 54% / 43% 58% / 42% Sales Volume 25,188,675 35,834,036 18,936,400 29,137,160 42,178,500 Sales Volume YTD 443,000,717 446,291,855 484,977,542 474,672,071 543,979,185 Average Sale Price 572,470 587,443 473,410 662,208 594,063 Average Sale Price YTD 577,576 583,388 595,064 578,868 601,082 Median Sale Price 501,750 545,000 470,000 550,000 550,000 Median Sale Price YTD 519,222 535,000 560,000 545,000 550,000 Average Days on Market / YTD 120 / 87 99 / 81 94 / 83 94 / 78 78 / 74 Median Days on Market / YTD 93 / 63 73 / 56 75 / 56 81 / 55 49 / 52 Average Days on Market (Cum.) / YTD 212 / 135 138 / 124 122 / 121 183 / 118 129 / 91 Median Days on Market (Cum.) / YTD 159 / 83 108 / 81 94 / 74 119 / 73 82 / 61

Vacant Acreage and Recreational

New Listings / YTD 36 / 556 55 / 642 43 / 571 54 / 623 36 / 663 Sales / YTD 15 / 153 9 / 194 14 / 204 20 / 199 18 / 195 Sales to New Listings Ratio / YTD 42% / 28% 16% / 30% 33% / 36% 37% / 32% 50% / 29% Sales Volume 5,118,500 2,468,000 4,068,000 5,121,500 4,579,000 Sales Volume YTD 44,847,952 58,110,686 54,740,780 51,032,538 65,125,027 Average Sale Price 341,233 274,222 290,571 256,075 254,389 Average Sale Price YTD 293,124 299,540 268,337 256,445 333,974 Median Sale Price 310,000 220,000 232,500 277,500 257,500 Median Sale Price YTD 228,000 241,500 210,000 195,000 245,000 Average Days on Market / YTD 107 / 169 231 / 185 227 / 155 225 / 165 213 / 155 Median Days on Market / YTD 86 / 102 75 / 111 111 / 103 179 / 109 147 / 89 Average Days on Market (Cum.) / YTD 203 / 247 317 / 223 308 / 229 313 / 268 311 / 178 Median Days on Market (Cum.) / YTD 100 / 118 257 / 139 120 / 128 179 / 168 177 / 98

Recreational with Home

New Listings / YTD 0 / 25 1 / 24 2 / 26 1 / 34 6 / 45 Sales / YTD 0 / 8 0 / 12 2 / 12 0 / 11 0 / 17 Sales to New Listings Ratio / YTD 0% / 32% 0% / 50% 100% / 46% 0% / 32% 0% / 38% Sales Volume 0 0 1,295,000 0 0 Sales Volume YTD 2,102,500 4,432,049 4,971,900 5,336,000 6,571,050 Average Sale Price 0 0 647,500 0 0 Average Sale Price YTD 262,813 369,337 414,325 485,091 386,532 Median Sale Price 0 0 647,500 0 0 Median Sale Price YTD 236,750 317,500 381,500 519,000 349,900 Average Days on Market / YTD 0 / 70 0 / 100 85 / 85 0 / 108 0 / 117 Median Days on Market / YTD 0 / 61 0 / 100 85 / 65 0 / 94 0 / 56 Average Days on Market (Cum.) / YTD 0 / 86 0 / 218 85 / 85 0 / 158 0 / 136 Median Days on Market (Cum.) / YTD 0 / 61 0 / 113 85 / 65 0 / 116 0 / 56

Total Rural²

New Listings / YTD 153 / 2,748 151 / 2,834 157 / 2,602 137 / 2,555 165 / 2,840 Sales / YTD 59 / 928 70 / 971 56 / 1,031 64 / 1,030 89 / 1,117 Sales to New Listings Ratio / YTD 39% / 34% 46% / 34% 36% / 40% 47% / 40% 54% / 39% Sales Volume 30,307,175 38,302,036 24,299,400 34,258,660 46,757,500 Sales Volume YTD 489,951,169 508,834,590 544,690,222 531,040,609 615,675,262 Average Sale Price 513,681 547,172 433,918 535,292 525,365 Average Sale Price YTD 527,965 524,032 528,313 515,573 551,186 Median Sale Price 465,000 509,000 402,500 475,000 502,500 Median Sale Price YTD 485,250 475,000 499,000 493,500 520,000 Average Days on Market / YTD 117 / 101 116 / 102 127 / 97 135 / 95 106 / 89 Median Days on Market / YTD 91 / 65 73 / 65 83 / 59 97 / 62 57 / 56 Average Days on Market (Cum.) / YTD 210 / 153 161 / 145 167 / 142 224 / 147 166 / 107 Median Days on Market (Cum.) / YTD 147 / 89 111 / 91 102 / 80 142 / 83 99 / 66


² Rural Sales do not include farms. A farm is a property zoned agricultural that is either revenue producing or 40 or more acres in size.

November 2019

5 Year Commercial Activity (Part 1)Edmonton CMA¹

page 3a

2019 2018 2017 2016 2015Land

New Listings / YTD 11 / 161 7 / 159 14 / 154 8 / 113 6 / 150 Sales / YTD 2 / 34 1 / 26 2 / 19 3 / 27 2 / 17 Sales to New Listings Ratio / YTD 18% / 21% 14% / 16% 14% / 12% 38% / 24% 33% / 11% Sales Volume 1,838,000 2,300,000 1,965,000 2,877,610 612,000 Sales Volume YTD 23,616,849 23,986,076 21,507,700 29,841,360 11,909,500 Average Sale Price 919,000 2,300,000 982,500 959,203 306,000 Average Sale Price YTD 694,613 922,541 1,131,984 1,105,236 700,559 Median Sale Price 919,000 2,300,000 982,500 355,000 306,000 Median Sale Price YTD 599,642 610,000 850,000 735,000 420,000 Average Days on Market / YTD 282 / 297 115 / 243 122 / 182 311 / 216 84 / 204 Median Days on Market / YTD 282 / 192 115 / 137 122 / 110 307 / 174 84 / 131 Average Days on Market (Cum.) / YTD 282 / 303 115 / 267 122 / 260 311 / 219 84 / 204 Median Days on Market (Cum.) / YTD 282 / 201 115 / 180 122 / 110 307 / 174 84 / 131

Investment

New Listings / YTD 24 / 264 28 / 326 44 / 245 18 / 266 22 / 248 Sales / YTD 3 / 67 7 / 93 4 / 77 7 / 82 4 / 69 Sales to New Listings Ratio / YTD 13% / 25% 25% / 29% 9% / 31% 39% / 31% 18% / 28% Sales Volume 777,500 4,904,730 1,328,000 3,510,460 1,817,000 Sales Volume YTD 58,434,042 74,760,550 47,074,552 57,984,013 42,144,771 Average Sale Price 259,167 700,676 332,000 501,494 454,250 Average Sale Price YTD 872,150 803,877 611,358 707,122 610,794 Median Sale Price 265,000 360,000 322,500 463,000 443,500 Median Sale Price YTD 445,000 460,000 440,000 411,938 417,000 Average Days on Market / YTD 305 / 219 99 / 169 187 / 173 146 / 157 189 / 152 Median Days on Market / YTD 302 / 142 64 / 118 208 / 133 127 / 124 199 / 126 Average Days on Market (Cum.) / YTD 305 / 241 170 / 206 218 / 202 176 / 186 189 / 195 Median Days on Market (Cum.) / YTD 302 / 159 180 / 151 220 / 176 146 / 144 199 / 139

Multi Family

New Listings / YTD 11 / 92 4 / 68 4 / 49 6 / 52 4 / 54 Sales / YTD 2 / 17 0 / 17 3 / 18 0 / 18 1 / 19 Sales to New Listings Ratio / YTD 18% / 18% 0% / 25% 75% / 37% 0% / 35% 25% / 35% Sales Volume 1,155,500 0 2,753,300 0 1,697,000 Sales Volume YTD 16,452,750 17,321,100 23,682,300 24,007,998 26,426,000 Average Sale Price 577,750 0 917,767 0 1,697,000 Average Sale Price YTD 967,809 1,018,888 1,315,683 1,333,778 1,390,842 Median Sale Price 577,750 0 703,300 0 1,697,000 Median Sale Price YTD 690,000 808,000 1,080,000 1,030,000 1,250,000 Average Days on Market / YTD 188 / 163 0 / 101 127 / 98 0 / 179 273 / 152 Median Days on Market / YTD 188 / 131 0 / 98 106 / 88 0 / 90 273 / 99 Average Days on Market (Cum.) / YTD 188 / 163 0 / 101 127 / 98 0 / 182 273 / 172 Median Days on Market (Cum.) / YTD 188 / 131 0 / 98 106 / 88 0 / 90 273 / 105

Hotel/Motel

New Listings / YTD 0 / 0 0 / 6 0 / 4 0 / 2 0 / 4 Sales / YTD 0 / 0 0 / 2 0 / 0 0 / 0 1 / 1 Sales to New Listings Ratio / YTD 0% / 0% 0% / 33% 0% / 0% 0% / 0% 0% / 25% Sales Volume 0 0 0 0 700,000 Sales Volume YTD 0 9,350,000 0 0 700,000 Average Sale Price 0 0 0 0 700,000 Average Sale Price YTD 0 4,675,000 0 0 700,000 Median Sale Price 0 0 0 0 700,000 Median Sale Price YTD 0 4,675,000 0 0 700,000 Average Days on Market / YTD 0 / 0 0 / 104 0 / 0 0 / 0 127 / 127 Median Days on Market / YTD 0 / 0 0 / 104 0 / 0 0 / 0 127 / 127 Average Days on Market (Cum.) / YTD 0 / 0 0 / 104 0 / 0 0 / 0 127 / 127 Median Days on Market (Cum.) / YTD 0 / 0 0 / 104 0 / 0 0 / 0 127 / 127

November 2019


5 Year Commercial Activity (Part 2)Edmonton CMA¹

page 3b

2019 2018 2017 2016 2015Business

New Listings / YTD 31 / 323 16 / 244 23 / 237 19 / 192 10 / 242 Sales / YTD 2 / 43 0 / 41 1 / 44 4 / 41 3 / 36 Sales to New Listings Ratio / YTD 6% / 13% 0% / 17% 4% / 19% 21% / 21% 30% / 15% Sales Volume 230,000 0 387,500 337,000 162,484 Sales Volume YTD 11,535,650 8,643,800 7,346,889 8,797,388 7,373,484 Average Sale Price 115,000 0 387,500 84,250 54,161 Average Sale Price YTD 268,271 210,824 166,975 214,570 204,819 Median Sale Price 115,000 0 387,500 75,000 52,484 Median Sale Price YTD 138,000 112,000 112,750 135,000 84,500 Average Days on Market / YTD 241 / 157 0 / 143 214 / 138 147 / 157 97 / 131 Median Days on Market / YTD 241 / 121 0 / 130 214 / 110 119 / 118 118 / 112 Average Days on Market (Cum.) / YTD 241 / 172 0 / 149 214 / 157 147 / 163 97 / 131 Median Days on Market (Cum.) / YTD 241 / 123 0 / 142 214 / 114 119 / 125 118 / 112

Lease

New Listings / YTD 23 / 248 23 / 261 17 / 236 19 / 249 17 / 206 Sales / YTD 4 / 84 6 / 84 7 / 75 7 / 74 5 / 66 Sales to New Listings Ratio / YTD 17% / 34% 26% / 32% 41% / 32% 37% / 30% 29% / 32% Sales Volume 930,759 931,861 686,649 671,390 289,687 Sales Volume YTD 7,970,441 10,185,429 9,320,401 9,578,305 7,996,282 Average Sale Price 232,690 155,310 98,093 95,913 57,937 Average Sale Price YTD 94,886 121,255 124,272 129,437 121,156 Median Sale Price 97,441 157,860 102,000 72,500 37,200 Median Sale Price YTD 64,102 90,360 72,000 71,350 73,255 Average Days on Market / YTD 227 / 153 100 / 150 288 / 202 243 / 143 119 / 142 Median Days on Market / YTD 227 / 102 106 / 108 178 / 152 189 / 97 96 / 83 Average Days on Market (Cum.) / YTD 227 / 155 196 / 174 288 / 211 252 / 166 119 / 157 Median Days on Market (Cum.) / YTD 227 / 102 147 / 113 178 / 165 189 / 99 96 / 89

Farms

New Listings / YTD 0 / 0 0 / 0 0 / 0 0 / 0 0 / 122 Sales / YTD 0 / 0 0 / 0 0 / 2 0 / 6 4 / 47 Sales to New Listings Ratio / YTD 0% / 0% 0% / 0% 0% / 0% 0% / 0% 0% / 39% Sales Volume 0 0 0 0 3,913,000 Sales Volume YTD 0 0 2,000,000 1,975,000 37,943,400 Average Sale Price 0 0 0 0 978,250 Average Sale Price YTD 0 0 1,000,000 329,167 807,306 Median Sale Price 0 0 0 0 1,025,000 Median Sale Price YTD 0 0 1,000,000 280,000 550,000 Average Days on Market / YTD 0 / 0 0 / 0 0 / 648 0 / 359 150 / 169 Median Days on Market / YTD 0 / 0 0 / 0 0 / 648 0 / 376 129 / 80 Average Days on Market (Cum.) / YTD 0 / 0 0 / 0 0 / 1010 0 / 359 285 / 184 Median Days on Market (Cum.) / YTD 0 / 0 0 / 0 0 / 1010 0 / 376 281 / 80

Total Commercial²

New Listings / YTD 100 / 1,092 78 / 1,064 102 / 924 70 / 875 59 / 1,025 Sales / YTD 13 / 246 14 / 263 17 / 235 21 / 248 20 / 255 Sales to New Listings Ratio / YTD 13% / 23% 18% / 25% 17% / 25% 30% / 28% 34% / 25% Sales Volume 4,931,759 8,136,591 7,120,449 7,396,460 9,191,171 Sales Volume YTD 119,289,732 144,246,955 110,931,842 132,184,064 134,493,437 Average Sale Price 379,366 581,185 418,850 352,212 459,559 Average Sale Price YTD 484,918 548,468 472,050 533,000 527,425 Median Sale Price 154,800 269,429 225,000 180,000 276,000 Median Sale Price YTD 251,000 270,074 275,000 289,000 292,500 Average Days on Market / YTD 249 / 192 100 / 161 212 / 175 202 / 166 140 / 153 Median Days on Market / YTD 302 / 122 91 / 117 178 / 119 127 / 120 121 / 99 Average Days on Market (Cum.) / YTD 249 / 202 177 / 185 219 / 200 215 / 184 167 / 173 Median Days on Market (Cum.) / YTD 302 / 127 147 / 127 195 / 147 146 / 127 121 / 110


² Farms are included in Commercial if the property is zoned agricultural and is either revenue producing or 40 or more acres in size.

November 2019

End of Month Active Inventory (Sales Activity)Edmonton CMA¹ and City of Edmonton

page 10

Year Month CMA Residential² CMA Rural³ CMA Commercial4 Edmonton Residential² Edmonton Commercial4

2015 January 3,239 (751) 792 (50) 531 (12) 2,327 (524) 232 (6)February 4,310 (1,071) 864 (56) 581 (18) 3,120 (771) 275 (5)March 5,278 (1,667) 1,010 (85) 615 (26) 3,786 (1,180) 291 (12)April 6,277 (1,826) 1,138 (109) 640 (25) 4,416 (1,270) 296 (13)May 7,138 (2,009) 1,266 (126) 638 (22) 4,991 (1,378) 303 (8)June 7,676 (2,372) 1,340 (135) 640 (35) 5,459 (1,671) 304 (16)July 7,548 (2,068) 1,374 (162) 618 (27) 5,445 (1,483) 311 (11)August 7,592 (1,701) 1,370 (113) 621 (27) 5,496 (1,207) 309 (13)September 7,578 (1,653) 1,341 (101) 626 (25) 5,508 (1,212) 287 (15)October 7,446 (1,367) 1,250 (91) 611 (18) 5,345 (999) 277 (6)November 6,980 (1,263) 1,097 (89) 597 (20) 4,975 (915) 276 (10)December 6,337 (831) 953 (50) 575 (12) 4,550 (609) 273 (7)

2016 January 5,320 (703) 806 (32) 502 (10) 3,787 (532) 236 (6)February 6,008 (983) 872 (51) 530 (21) 4,223 (728) 263 (14)March 6,999 (1,549) 954 (75) 553 (28) 4,888 (1,090) 284 (10)April 7,676 (1,713) 1,062 (111) 557 (28) 5,319 (1,228) 304 (15)May 8,209 (2,063) 1,160 (145) 566 (20) 5,650 (1,411) 295 (9)June 8,331 (2,032) 1,125 (152) 591 (21) 5,821 (1,420) 318 (12)July 8,189 (1,730) 1,155 (109) 591 (25) 5,761 (1,218) 322 (17)August 8,155 (1,700) 1,173 (112) 580 (27) 5,732 (1,198) 314 (17)September 7,868 (1,534) 1,164 (82) 578 (23) 5,568 (1,091) 312 (12)October 7,741 (1,462) 1,137 (97) 569 (24) 5,574 (1,065) 313 (12)November 7,210 (1,120) 1,002 (64) 555 (21) 5,187 (793) 309 (12)December 6,742 (810) 936 (49) 553 (16) 4,899 (615) 317 (11)

2017 January 5,468 (837) 794 (54) 494 (15) 3,919 (600) 284 (9)February 5,824 (1,185) 784 (50) 521 (22) 4,169 (867) 294 (19)March 6,374 (1,558) 843 (115) 535 (28) 4,533 (1,123) 296 (17)April 7,120 (1,578) 905 (81) 565 (22) 5,046 (1,126) 306 (20)May 7,951 (1,964) 1,049 (121) 589 (31) 5,620 (1,344) 305 (20)June 8,813 (1,994) 1,188 (137) 588 (24) 6,260 (1,416) 300 (10)July 9,018 (1,740) 1,218 (122) 580 (23) 6,435 (1,223) 307 (19)August 9,183 (1,635) 1,250 (113) 575 (10) 6,604 (1,152) 304 (7)September 9,045 (1,419) 1,250 (87) 592 (24) 6,537 (1,000) 319 (12)October 8,744 (1,420) 1,196 (95) 573 (19) 6,366 (1,033) 320 (11)November 8,076 (1,247) 1,053 (56) 575 (17) 5,839 (936) 322 (10)December 7,361 (962) 962 (51) 601 (17) 5,321 (697) 341 (14)

2018 January 6,050 (940) 820 (50) 551 (18) 4,336 (670) 311 (10)February 6,488 (1,108) 849 (50) 574 (22) 4,598 (770) 334 (16)March 7,109 (1,380) 916 (66) 633 (27) 5,033 (988) 366 (20)April 8,344 (1,657) 1,045 (91) 672 (26) 5,846 (1,129) 386 (16)May 9,178 (1,904) 1,124 (106) 683 (21) 6,442 (1,310) 398 (14)June 10,291 (1,801) 1,369 (120) 715 (19) 7,294 (1,255) 422 (8)July 10,676 (1,723) 1,506 (121) 727 (28) 7,683 (1,217) 435 (20)August 10,522 (1,678) 1,528 (124) 721 (27) 7,604 (1,152) 432 (21)September 10,045 (1,312) 1,452 (84) 705 (28) 7,294 (922) 418 (18)October 9,432 (1,234) 1,306 (89) 681 (33) 6,825 (853) 405 (23)November 8,736 (1,105) 1,189 (70) 676 (14) 6,310 (796) 396 (8)December 8,085 (769) 1,054 (35) 685 (24) 5,827 (566) 402 (15)

2019 January 6,701 (795) 888 (41) 596 (22) 4,774 (575) 340 (16)February 7,086 (976) 910 (44) 652 (18) 5,012 (710) 376 (10)March 7,434 (1,197) 951 (70) 681 (15) 5,245 (849) 387 (11)April 8,293 (1,679) 1,082 (81) 727 (29) 5,814 (1,148) 418 (19)May 9,001 (1,978) 1,235 (102) 729 (27) 6,373 (1,361) 430 (17)June 9,529 (1,804) 1,345 (116) 786 (24) 6,844 (1,259) 459 (15)July 9,456 (1,907) 1,420 (113) 744 (25) 6,835 (1,327) 426 (15)August 9,108 (1,567) 1,448 (112) 750 (22) 6,630 (1,105) 435 (11)September 8,833 (1,382) 1,410 (100) 731 (21) 6,453 (973) 413 (15)October 8,519 (1,328) 1,318 (90) 714 (30) 6,262 (944) 405 (16)November 7,923 (1,101) 1,136 (59) 689 (13) 5,842 (808) 396 (8)


² Residential includes all types of residential properties including Single Family Detached, Condominiums, Duplexes, Rowhouses, vacant lots, parking spaces, mobile homes etc.

³ Rural Sales do not include farms. A farm is a property zoned agricultural that is either revenue producing or 40 or more acres in size.4 Farms are included in Commercial if the property is zoned agricultural and is either revenue producing or 40 or more acres in size.

November 2019

Single Family Detached and Condominium Price by Area page 13

2019 2018 2017 2019 YTD 2018 YTD 2017 YTDSingle Family Detached

Northwest Sales 29 28 49 429 396 433Average 413,103 533,711 384,628 422,204 438,343 420,215Median 378,500 438,450 363,000 390,000 381,750 375,000

North Central Sales 94 96 121 1,343 1,335 1,424Average 365,425 350,264 393,952 362,000 373,648 384,810Median 339,000 339,950 375,500 354,000 363,000 368,750

Northeast Sales 30 29 22 375 383 386Average 315,400 314,918 305,638 320,563 317,626 345,670Median 296,500 308,000 289,500 305,000 299,000 320,000

Central Sales 17 25 28 240 269 297Average 271,850 251,704 273,543 257,523 291,495 278,220Median 300,000 230,000 256,000 234,000 275,000 260,400

West Sales 46 40 50 635 659 749Average 490,935 506,356 590,317 509,816 533,062 533,305Median 410,000 435,000 456,500 414,000 437,000 440,000

Southwest Sales 64 57 74 951 965 1,115Average 513,208 525,005 572,189 562,320 571,943 563,494Median 443,950 439,000 519,000 475,000 500,000 495,000

Southeast Sales 88 81 97 1,181 1,228 1,298Average 389,882 390,763 406,962 392,394 406,258 401,389Median 344,000 372,000 365,000 369,000 375,000 375,000

Anthony Henday Sales 95 112 104 1,372 1,274 1,231Average 489,954 498,203 535,026 483,652 496,137 513,030Median 454,636 441,136 446,250 446,000 450,000 462,500

City of Edmonton Total Sales 463 468 545 6,526 6,509 6,933Average 424,832 430,822 454,815 434,385 446,557 450,925Median 390,000 382,000 403,000 393,725 400,000 406,000

Condominiums

Northwest Sales 7 11 8 99 103 102Average 287,500 284,600 268,957 271,834 248,153 259,184Median 300,000 261,500 285,578 280,000 247,000 249,450

North Central Sales 54 41 57 510 521 558Average 179,729 184,229 186,630 196,845 202,045 213,915Median 167,000 175,000 183,000 190,000 193,500 206,000

Northeast Sales 13 17 22 255 220 268Average 151,865 160,106 148,814 160,303 165,037 174,748Median 157,250 168,000 160,000 158,000 165,000 171,250

Central Sales 37 34 45 563 592 639Average 311,595 245,393 285,560 250,883 271,111 289,432Median 248,000 233,500 280,000 230,000 250,000 280,000

West Sales 19 27 26 309 310 341Average 234,816 199,081 179,150 199,721 212,427 220,533Median 205,000 172,000 175,000 181,000 187,750 200,000

Southwest Sales 43 41 43 595 568 635Average 245,367 232,405 298,180 251,315 267,347 282,701Median 240,000 240,000 268,500 230,000 245,400 268,000

Southeast Sales 30 29 37 422 480 457Average 179,277 189,107 212,842 204,238 218,348 227,259Median 181,000 175,000 201,500 194,500 210,000 220,000

Anthony Henday Sales 45 37 41 489 510 507Average 234,750 248,197 263,207 236,184 256,776 265,819Median 245,000 232,020 249,500 230,000 245,000 255,000

City of Edmonton Total Sales 248 237 279 3,242 3,304 3,507Average 226,514 216,542 233,190 222,812 236,410 248,339Median 201,500 208,500 220,000 205,000 215,750 228,000

November 2019

n/a = insufficient data

5 Year Activity Summary page 19

2019 2018 2017 2016 2015Edmonton City Monthly

New Listings 1,414 1,612 1,544 1,475 1,503 Sales 816 804 946 805 925 Sales Volume 287,063,724 288,714,831 357,219,001 303,260,535 338,644,279

Edmonton City Year to Date

New Listings 23,326 25,554 24,160 23,147 23,631 Sales 11,212 11,236 11,974 11,910 12,725 Sales Volume 4,057,777,686 4,206,367,990 4,553,808,976 4,499,776,457 4,762,007,433

Edmonton City Month End Active Inventory

Residential 5,842 6,310 5,839 5,187 4,975 Commercial 396 396 322 309 276 TOTAL 6,238 6,706 6,161 5,496 5,251

Edmonton CMA Monthly

New Listings 2,113 2,357 2,223 2,105 2,198 Sales 1,173 1,189 1,320 1,205 1,372 Sales Volume 424,814,886 446,722,279 494,453,826 464,806,214 522,457,263

Edmonton CMA Year to Date


Edmonton CMA Month End Active Inventory

Residential 7,923 8,736 8,076 7,210 6,980 Rural 1,136 1,189 1,053 1,002 1,097 Commercial 689 676 575 555 597 TOTAL 9,748 10,601 9,704 8,767 8,674

Total Board Monthly

New Listings 2,460 2,705 2,558 2,451 2,509 Sales 1,318 1,335 1,463 1,360 1,520 Sales Volume 462,399,935 483,342,112 533,615,876 500,252,414 562,100,163

Total Board Year to Date


November 2019

Monthly Residential¹ Sales Activity by Municipality (Part 1) page 22a

2019 2018 2017 2019 YTD 2018 YTD 2017 YTDBarrhead Sales 1 3 8 46 51 69

Sales Volume n/a n/a 1,811,200 10,881,600 11,260,500 15,813,715Average Price n/a n/a 226,400 236,557 220,794 229,184Median Price n/a n/a 205,000 213,500 207,000 216,500

Beaumont Sales 17 27 11 308 351 325Sales Volume 5,965,153 11,363,600 4,681,000 126,835,595 154,376,017 140,980,713Average Price 350,891 420,874 425,545 411,804 439,818 433,787Median Price 341,000 402,000 375,000 407,250 430,000 430,000

Bonnyville Sales 5 4 3 63 80 71Sales Volume 1,429,400 n/a n/a 14,865,900 20,947,475 19,075,675Average Price 285,880 n/a n/a 235,967 261,843 268,671Median Price 325,000 n/a n/a 248,000 279,500 291,500

Cold Lake Sales 20 21 14 250 237 226Sales Volume 4,705,793 5,847,200 4,034,000 69,114,899 67,002,669 71,710,895Average Price 235,290 278,438 288,143 276,460 282,712 317,305Median Price 255,000 310,000 321,500 285,000 300,000 317,000

Devon Sales 4 12 7 82 98 82Sales Volume n/a 4,235,300 1,585,500 24,437,100 31,057,681 26,731,816Average Price n/a 352,942 226,500 298,013 316,915 325,998Median Price n/a 322,000 245,000 304,600 319,450 324,750

Drayton Valley Sales 5 6 6 100 67 108Sales Volume 1,267,500 1,583,900 1,181,600 22,471,900 15,155,945 27,375,612Average Price 253,500 263,983 196,933 224,719 226,208 253,478Median Price 258,000 310,000 216,800 235,000 231,000 269,000

Fort Saskatchewan SFD Sales 19 17 21 279 269 291SFD Average Price 390,916 339,371 395,021 396,700 410,585 415,337SFD Median Price 375,000 347,000 364,500 386,000 395,000 400,000Condo Sales 1 4 5 55 47 60Condo Average Price n/a n/a 199,000 243,801 220,772 238,401Condo Median Price n/a n/a 190,000 237,500 212,000 219,500Total Sales Volume 10,761,400 9,284,100 11,696,070 155,770,201 153,106,519 174,757,278

Gibbons Sales 0 3 3 51 45 65Sales Volume n/a n/a n/a 14,064,600 12,121,250 20,493,000Average Price n/a n/a n/a 275,776 269,361 315,277Median Price n/a n/a n/a 274,000 266,000 285,000

Leduc SFD Sales 23 23 18 377 375 314SFD Average Price 361,126 359,587 390,561 366,680 371,162 379,316SFD Median Price 320,000 358,000 379,700 349,500 355,900 373,650Condo Sales 2 5 8 72 60 59Condo Average Price n/a 276,000 201,863 214,847 228,614 227,454Condo Median Price n/a 220,000 183,750 199,000 213,000 210,000Total Sales Volume 9,901,300 11,377,900 10,323,900 182,499,555 178,018,210 152,943,463


¹ Residential includes all types of residential properties including Single Family Detached, Condominiums, Duplexes, Rowhouses, vacant lots, parking spaces, mobile homes etc.

November 2019

Monthly Residential¹ Sales Activity by Municipality (Part 2) page 22b

2019 2018 2017 2019 YTD 2018 YTD 2017 YTDMorinville Sales 14 12 9 159 191 188

Sales Volume 4,266,199 3,915,176 2,619,500 48,558,768 61,209,444 60,945,648Average Price 304,729 326,265 291,056 305,401 320,468 324,179Median Price 342,500 345,688 327,500 309,000 326,000 330,000

Sherwood Park SFD Sales 43 56 54 722 772 753SFD Average Price 452,995 397,076 420,795 450,801 442,193 456,100SFD Median Price 429,500 390,000 410,000 420,500 421,000 430,000Condo Sales 15 4 17 211 204 198Condo Average Price 275,195 n/a 276,635 289,057 283,757 302,799Condo Median Price 294,000 n/a 232,000 280,000 279,000 297,000Total Sales Volume 25,424,225 25,191,650 31,688,913 411,625,065 426,533,698 435,747,883

Spruce Grove SFD Sales 16 23 20 347 363 394SFD Average Price 365,219 369,778 371,175 389,504 387,929 390,853SFD Median Price 337,500 349,000 357,000 370,000 376,500 380,000Condo Sales 3 0 5 57 62 70Condo Average Price n/a n/a 225,420 225,231 216,895 229,199Condo Median Price n/a n/a 214,600 202,000 208,250 214,300Total Sales Volume 8,889,850 10,655,700 12,135,610 190,170,611 193,701,327 210,490,570

St. Albert SFD Sales 57 48 43 725 751 716SFD Average Price 468,573 486,055 445,393 468,768 480,152 469,038SFD Median Price 402,000 449,450 399,000 422,000 441,500 433,000Condo Sales 20 11 13 202 229 200Condo Average Price 235,700 228,955 258,054 251,451 268,888 281,794Condo Median Price 215,000 217,500 264,000 237,000 245,000 264,000Total Sales Volume 32,714,652 26,589,046 25,751,521 410,908,701 437,099,764 410,817,581

St. Paul Sales 6 3 8 84 91 94Sales Volume 828,300 n/a 1,603,800 17,540,042 22,343,200 24,005,400Average Price 138,050 n/a 200,475 208,810 245,530 255,377Median Price 115,250 n/a 202,400 215,500 255,000 255,750

Stony Plain Sales 18 20 21 292 265 342Sales Volume 5,682,249 7,332,064 6,273,137 88,798,591 87,096,864 111,871,136Average Price 315,681 366,603 298,721 304,105 328,667 327,109Median Price 304,500 367,000 287,900 308,000 334,900 325,000

Vegreville Sales 8 4 4 56 55 61Sales Volume 1,254,500 n/a n/a 10,002,400 10,317,000 12,921,400Average Price 156,813 n/a n/a 178,614 187,582 211,826Median Price 150,000 n/a n/a 166,000 176,000 210,000

Westlock Sales 2 8 5 57 64 59Sales Volume n/a 2,134,000 1,341,750 13,329,700 13,503,750 11,820,400Average Price n/a 266,750 268,350 233,854 210,996 200,346Median Price n/a 252,500 228,000 229,900 208,600 209,000

Wetaskiwin Sales 7 15 9 140 151 132Sales Volume 1,318,250 2,613,400 1,748,100 28,908,421 32,575,425 30,185,250Average Price 188,321 174,227 194,233 206,489 215,731 228,676Median Price 230,000 180,000 190,000 212,000 210,000 223,000


¹ Residential includes all types of residential properties including Single Family Detached, Condominiums, Duplexes, Rowhouses, vacant lots, parking spaces, mobile homes etc.

November 2019

Monthly Rural Sales by County page 23a

2019 2018 2017 2019 YTD 2018 YTD 2017 YTDRural¹ Sales by County

Athabasca County Sales 1 0 3 43 33 39Sales Volume n/a n/a n/a 11,573,700 7,757,300 9,803,476

Bonnyville M.D. Sales 5 6 11 118 100 115Sales Volume 1,246,750 1,222,500 4,756,400 36,159,340 36,152,948 44,191,290

Lac la Biche County Sales 0 0 0 5 4 4Sales Volume n/a n/a n/a 901,500 n/a n/a

Lac Ste. Anne County Sales 0 0 0 0 0 0Sales Volume n/a n/a n/a n/a n/a n/a

Leduc County Sales 11 7 9 139 156 164Sales Volume 5,616,500 4,634,000 3,521,500 74,307,350 75,694,637 78,119,080

Parkland County Sales 22 32 23 357 406 437Sales Volume 11,797,400 15,877,636 9,255,900 164,920,567 191,704,283 209,964,767

Smoky Lake County Sales 2 3 2 26 27 15Sales Volume n/a n/a n/a 6,826,927 5,126,800 2,327,500

St. Paul County Sales 4 3 3 66 80 77Sales Volume n/a n/a n/a 15,425,909 13,118,650 14,761,900

Strathcona County Sales 16 19 17 274 268 258Sales Volume 8,017,775 10,688,000 8,461,500 159,605,777 157,328,570 158,608,117

Sturgeon County Sales 10 12 7 158 141 172Sales Volume 4,875,500 7,102,400 3,060,500 91,117,475 84,107,100 97,998,258

Thorhild County Sales 4 2 1 27 27 33Sales Volume n/a n/a n/a 6,697,528 7,597,300 8,436,983

Two Hills County Sales 1 0 0 9 15 16Sales Volume n/a n/a n/a 2,668,000 3,001,400 4,979,200

Vermilion River County Sales 0 0 0 3 0 0Sales Volume n/a n/a n/a n/a n/a n/a


¹ Rural Sales do not include farms. A farm is a property zoned agricultural that is either revenue producing or 40 or more acres in size.

November 2019

Monthly Commercial Sales by County page 23b

2019 2018 2017 2019 YTD 2018 YTD 2017 YTDCommercial¹ Sales by County

Athabasca County Sales 0 0 0 1 0 2Sales Volume n/a n/a n/a n/a n/a n/a

Bonnyville M.D. Sales 0 0 0 9 4 9Sales Volume n/a n/a n/a 2,229,500 n/a 3,921,160

Lac la Biche County Sales 0 0 0 1 0 0Sales Volume n/a n/a n/a n/a n/a n/a

Lac Ste. Anne County Sales 0 0 0 3 4 0Sales Volume n/a n/a n/a n/a n/a n/a

Leduc County Sales 0 0 1 1 2 4Sales Volume n/a n/a n/a n/a n/a n/a

Parkland County Sales 1 0 0 6 3 5Sales Volume n/a n/a n/a 3,444,892 n/a 2,138,047

Smoky Lake County Sales 0 1 0 1 3 5Sales Volume n/a n/a n/a n/a n/a 1,022,500

St. Paul County Sales 1 0 1 11 5 6Sales Volume n/a n/a n/a 3,381,260 1,327,236 1,929,908

Strathcona County Sales 0 0 0 3 1 1Sales Volume n/a n/a n/a n/a n/a n/a

Sturgeon County Sales 0 0 2 3 4 3Sales Volume n/a n/a n/a n/a n/a n/a

Thorhild County Sales 0 0 0 2 1 1Sales Volume n/a n/a n/a n/a n/a n/a

Two Hills County Sales 0 0 0 2 0 0Sales Volume n/a n/a n/a n/a n/a n/a

Vermilion River County Sales 0 0 0 0 1 0Sales Volume n/a n/a n/a n/a n/a n/a


¹ Farms are included in Commercial if the property is zoned agricultural and is either revenue producing or 40 or more acres in size.

November 2019

MLS® Listings Down, Condo Prices Up Slightly · Media Release . MLS® Listings Down, Condo Prices...

Documents

Transcript of MLS® Listings Down, Condo Prices Up Slightly · Media Release . MLS® Listings Down, Condo Prices...