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Housing Market Update from the Realtor’s Assocation of Edmonton

Mon, 06 Sep by Kevin Grenier

The following is the monthly press release from the Realtor’s Association of Edmonton in its entirety. If you have any questions on this or would like further detailed statistics, information or analysis, contact me at


Best Regards,



Lack of consumer activity holds housing market steady

Edmonton, October 4, 2010: Housing prices in the Edmonton area remained stable as we enter the final quarter of the year. Single family dwelling prices in September mirrored prices in August and condo prices rose slightly after four months of decline. Both listings and sales declined in September as compared to a month ago.

“The market seems to be resting,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “After the turmoil of the past couple of years and the rush to buy in the early part of the year, it seems that consumers are just sitting back and waiting to see what comes up next.” There are still over 8,600 residential properties in the local inventory and buyers have lots of choice.

The average* price of a single family property was up $472 and sold for $370,653 in September. Condominiums, which have dropped in price for four consecutive months, rallied and sold on average for $238,822 last month. The slightly less than 1% price increase did not reverse drops from a high of $252,728 in April. The duplex/rowhouse average price was down 11% to $313,462 but tends to vary widely from month to month. The residential sale price (which includes all types of residential property) was $326,499; down less than a quarter of a percent from last month.

Residential sales in September were down from the previous month at 1,187 as were listings at 2,668. This sales-to-listing ratio was 47% and the average days-on-market was unchanged at 57 days.

“The third quarter activity was identical to the first quarter this year,” said Westergard. “Typically we see sales dropping from Q2 to Q3 but remaining higher than Q1. This reflects a very active market in the first part of the year which was spurred on by financial incentives and the threat of increasing interest rates.”

¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices

* Average prices indicate market trends only. They do not reflect actual prices, which may vary.

August housing market quietens

Edmonton, September 2, 2010: The REALTORS® Association of Edmonton reports that the average price of single family property in the Edmonton area has softened with a small drop for the second consecutive month. Prices were plateaued at just over $388,000 from March to June. Condominium prices have dropped steadily from their high point of $253,000 in April and are down another 2.99%.

“Despite the two month drop, single family homes are still priced a bit higher than they were at the same time last year,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “There may be bargains in the condominium market as prices are about $10,000 less than a year ago, on average.”

The average* priced single family property was down 1.96% and sold for $372,253 in August. Condominiums dropped in price for the fourth consecutive month and sold on average for $232,230 in August. The duplex/rowhouse average price was up 16.7% to $352,662 but based on just 56 sales so the average may be skewed by the selection of properties sold. The average residential sale price (which includes all types of residential property) was $325,588; down just 1.3% from last month.

Residential sales in August were down from the previous month at 1,195 as were listings at 2,700. This sales-to-listing ratio of 44% increased the available inventory to 8,822 units at the end of the month. Sales were slower as the average days-on-market was up six at 57 days.

“Although the market has quieted this summer the inventory is being constantly refreshed,” said Westergard. “Our 3,200 REALTORS® are listing 50 to 100 properties every day and wide choice is available in all areas. We don’t expect a big push this fall but homes are selling although the sales cycle is longer than many sellers would like.”


¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices

* Average prices indicate market trends only. They do not reflect actual prices, which may vary.

September’s Newsletter

Wed, 01 Sep by Kevin Grenier

List of Services

Wed, 01 Sep by Kevin Grenier


The launch of my new Buy Smart Sell Smart website has created an overwhelmingly positive
response, however some people still did not get the opportunity to find out what services I provide
that can help your family whether you are currently looking at buying or selling or not. Therefore, I’ve
outlined the following services for you to now take advantage of.

Needs Assessment Service – For people looking at buying or selling, this highly popular most
effective first step to buying, selling or improving your family’s home is where your needs and wants
are isolated, an action plan is created and you’ll have an opportunity to get all of your real estate
questions answered fully.

Pre-Qualification Service – There are two appointments you’ll make to effectively get the ball rolling
one is with your real estate professional the other is with a lender. This service involves you meeting
with one of my highly trusted mobile mortgage reps who can meet you at your home, their office, your
office or where ever you prefer. During the meeting you’ll determine what price you can afford and
what you can do to better afford the home your family needs and wants. You’ll also have the benefit
of a low rate guarantee so that if rates go up you are protected. This service can be done either
before or after your needs assessment.

Price Your Home Online – For people that aren’t looking at selling right away but want to get an
idea of what their home is worth, this service is exceptional. You can perform the task online in the
comfort of your own home all on your own by visiting “Get Yours Sold”,”Price Your Home Online”. Once you’ve performed your online evaluation you’ll receive a monthly
email informing you what similar homes to yours have sold for and what is currently on the market in
your area. You only have to do this once and the email will be sent to you monthly until you decide
you no longer need it. This is very helpful in the event that things change and you decide to sell or refinance.
Free Home Evaluation – When it comes time to sell and you want an accurate idea of your homes
value this is the preferred method of doing so. Not only will you find out what your home is worth but
you’ll end the one hour appointment knowing what you should put as your asking price, what you
might expect to sell it at and what you would net from that selling price after real estate fees. This is
where you’ll find out what my fees are and what services I provide including professional home staging
advice, marketing, advertising, seller correspondence, feedback, progress reports and much more all
designed to help your home sell quickly for top dollar, easily.

Home Search – If you are just starting and want a quick idea of what is out there and what people
are asking for homes you might be interested in follow these steps. Go to “Find A Home”, “Full Access” and follow the prompts. This will allow you to gain access to
addresses, days on market with information that is updated days faster than the public access sites.
You’ll also be able to save your search criteria and be informed via email immediately upon something
new coming onto the market that you might be interested in. This is one of the most popular services
with Google street view, additional pictures and information you’ll soon see why.

Custom Search – For those looking for something in the near future this service is done as part of the
Needs Assessment Service and cuts through the frustration of sifting through numbers of just so-so
properties and gets your property search hopping with relevant to your needs and wants results that
you’ll be excited looking through. My access to increased search criteria allows me to pin-point the
types of homes you will be most interested in.

Webinars and Seminars – Devoted to educating my clients so they remain in the driver’s seat and
get what they need and want, my training seminars and webinars are available to you by going to “Event Calendar” at the bottom of the page to find out when the next training
program is. Seller Seminars and Buyer Seminars are offered under my exclusive Buy Smart Sell
Smart banner. Note – The webinars are a paid for service.

Referral Rewards Program – Contact me to find out how I thank those who help me by referring
clients to me. I appreciate any referral I receive whether it turns into a transaction or not. You can rest
assured your referrals will be treated with the level of service that has resulted in many customer
testimonials and happy families.

Do you know anyone who is thinking of making a move? A neighbor, perhaps? Or a friend, work
colleague or family member?
If so, I’d like an opportunity to help make their dream come true. Please give them my name. I’d be
happy to answer their questions and provide them with any information they need. And they are under
no obligation to choose me as their Realtor.

All my services are satisfaction guaranteed.

Thanks for taking the time out of your busy schedule to read this and I look forward to the privilege of
working with you perhaps as your Realtor one day.

Kevin Grenier
Realty Executives Polaris

This letter is not intended to solicit anyone that has signed a current exclusive service agreement with another
real estate professional.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.