Jason Thomas BCom
Royal Lepage Summit Realty
2611 Ellwood Dr S.W., Edmonton, Alberta
P: 780.499.5696
F: 780.431.1600
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Edmonton Homes for Sale

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Friday, June 21, 2013 - Edmonton Real Estate Sold Price to List Price Ratio

Edmonton Real Estate Sold Price to List Price Ratio The Edmonton real estate sold price to list price ratio has been volatile looking back to 2006. In May of 2013 we are selling for 97.8% of list price for single family detached homes in Edmonton. The highest sale price ratio we have ever sold for was 100.3% back in April and May of 2006 at the height of Edmonton's real estate boom. The lowest selling price to list price ratio was during the financial crisis, in December of 2008 the ratio ... Full Article...

posted in Metro Edmonton Real Estate market stats at Fri, 21 Jun 2013 18:50:55 +0000

Wednesday, April 11, 2012 - Edmonton Housing Bubble 2012?

Edmonton Housing Bubble? I thought this topic might be interesting because of all the headlines about economic uncertainty in the world today. The question is, ?Are we in a housing bubble in Edmonton?? For the most part, people I speak with are optimistic about the Edmonton/Alberta economy. I do occasionally read or hear bubble talk, the theory that Canada will have a USA style housing meltdown. The Bank of Canada Governor Mark Carney also has been talking about the overheated real estate ... Full Article...

posted in Metro Edmonton Real Estate market stats at Wed, 11 Apr 2012 20:30:35 +0000

Wednesday, April 11, 2012 - March 2012 Edmonton Real Estate Market Stats

March 2012 Edmonton Real Estate Market The prices have climbed in the Edmonton real estate market in March in two out of the three categories. Single Family $380,083 up from $375,268 in February Condo $231,629 down from $234,973 in February Duplex/Rowhouse $319,020 up from $306,491 in February The number of sales in March was very average, almost identical to the previous 4 year average of 1522 properties sold. March sales numbers Mar 2012 1533 Mar 2011 1503 Mar 2010 1667 Mar 2009 1358 Mar ... Full Article...

posted in Metro Edmonton Real Estate market stats at Wed, 11 Apr 2012 18:20:29 +0000

Wednesday, April 6, 2011 - March 2011 Edmonton Real Estate Market Report

March 2011 Edmonton Real Estate Market March 2011 came in like a lamb and went out like a lion. The average prices strengthened considerably in the single family detached sector and the sales built steadily as the month of March moved on. I've put together some comparisons to previous years to give a better idea of the market. Our inventory is staying at a decent level, and the new listings are lower than normal. The improving sales numbers with a steady inventory level are helping prices ... Full Article...

posted in Metro Edmonton Real Estate market stats at Wed, 06 Apr 2011 21:35:54 +0000

Wednesday, March 16, 2011 - Edmonton Median Household Income versus Real Estate Prices

Edmonton Median Household Income and Prices I recently received a comment from a Dallas Fort Worth area REALTOR® Karen Anne. She was commenting on the fact that Edmonton's sale price per square foot is close to double the Dallas/Fort Worth average sale price per square foot. I found this fact amazing. We are both major cities in oil producing regions with abundant land to be developed in the area that surrounds the city. This is in contrast to a Canadian market like Vancouver, where they are ... Full Article...

posted in Metro Edmonton Real Estate market stats at Wed, 16 Mar 2011 04:54:04 +0000

Wednesday, January 5, 2011 - Edmonton real estate market December 2010

The official stats have come out from the REALTORS® Association of Edmonton for the December real estate market. The December numbers in 2010 are very similar to December 2009. The sales were a little off at 784 vs 881 sales in December 2009. The number of new listings for the month were very close: December 2010 1110 new listings, December 2009 1051 new listings. The sale to listing ratio was stronger in December due to the lower number of new listings. It was 70% versus the year end ...

posted in Metro Edmonton Real Estate market stats at Wed, 05 Jan 2011 04:42:02 +0000

Thursday, December 23, 2010 - Edmonton housing bubble?

There is a recent study from Canadian Centre for Policy Alternatives that suggests that Edmonton is in a housing bubble. The article states that we our prices should be a lot lower based on an inflation adjustment from the prices of 1980 to 2000. The main flaw in this study is that it bases todays values on housing values from the 80's and 90's. In the 80's and 90's Edmonton real estate was severely depressed in relation to the rest of Canada. Edmonton was hit by two shocks. The National Energy ... Full Article...

posted in Metro Edmonton Real Estate market stats at Thu, 23 Dec 2010 18:46:58 +0000

Thursday, December 23, 2010 - Edmonton Real Estate market update November 2010

Overall the market has some positive signs in November. We sold 1120 properties this month. To give some perspective here are previous November's sales: Nov 2009 1261 soldsNov 2008 891 solds (Financial crisis period)Nov 2007 1223 soldsComparing 1120 sales to previous years we are right on the average of the previous 3 years of 1125 sales. The sales were actually higher in November than in October. That is another positive sign. November new listings were 1860. Again looking at previous ...

posted in Metro Edmonton Real Estate market stats at Thu, 23 Dec 2010 18:35:25 +0000