1️📈 Edmonton’s real estate market continues to appreciate! The average home price has increased by $43,597 over the past year, reflecting strong market confidence. If you're considering selling, now may be an excellent time to maximize your return.
 
 2️🏡 Townhouses are selling at a record pace! With an average of just 24 days on the market (down from 34), demand remains high. Buyers, be prepared to act quickly in this competitive segment.
 
 3️💰 Detached home values continue to rise! Prices have increased by $71,315 in the past year, reaffirming their strength as a valuable long-term investment. If you're looking to buy or sell, strategic timing is key.
 
 4️📊 Increased listings, but even more competition! While 171 more homes have hit the market compared to last year, buyer demand has grown even faster. As a result, we’re seeing more homes go into multiple offers, making it crucial to have a strong strategy in place—whether you're buying or selling.
 
 5️🚀 The market is moving faster! Across all property types, homes are selling more quickly than last year. If you're planning to sell, proper positioning and marketing are essential to capitalize on this momentum.
 
 Call John @ 780 953 7388 if you're thinking about Selling
 
 Call Julian @ 587 991 1117 if you're interested in Buying
 
inquire@johnmattiello.com
 
 Let's make your real estate goals a reality!
 

Here's what's happening in Edmonton this holiday season

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“The numbers reflect that the housing market is ready for its winter break while buyers and sellers focus on the holidays,” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “With early whispers of a busy spring market in 2025, now is the time for savvy property owners and investors to engage a REALTOR® and start making plans for the year ahead.” 

There were a total of 1,920 residential unit sales in the Greater Edmonton Area (GEA) real estate market during November 2024, a 22.8% decrease from October 2024 and 18.4% higher than November 2023. New residential listings amounted to 2,114, down 27.9% from October 2024 and up 1.4% from November 2023. Overall inventory in the GEA decreased 12.1% month-over-month and 17.3% year-over-year. 

Total residential average prices came in at $436,401, a 0.9% decrease from October 2024, but reflected an overall increase of 14.7% compared to November 2023. Detached homes averaged $540,320, a 2.3% decrease from October 2024, and coming in 12.8% higher than the previous year.  

Semi-detached units sold for an average of $411,469, increasing 1.1% from the previous month and up 13.3% year-over-year.  

Row/townhouse prices fell 6.4% from October 2024 but are still 6.0% higher than November 2023 with an average selling price of $288,176.  

Apartment Condominium average prices rose 4.5% from October 2024 to $200,266, ending the month of November 17.0% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $402,100, decreasing 0.3% from October 2024 and up 7.9% from November 2023.

Information from realtorsofedmonton.com

I want to take a moment to say how thankful I am for all my wonderful clients, colleagues, and partners. Your trust and support mean the world to me!

Wishing you and your loved ones a warm and cozy Thanksgiving filled with laughter, joy, and endless blessings!