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MaxWell Real Estate Blog

Edmonton Real Estate- January 2022

Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for December 2021 increased 19.5% compared to December 2020 and decreased 27.6% from November 2021.

New residential listings increased 10.2% year-over-year from December 2020. However, new residential listings are down month-over-month, decreasing 33.8% from November 2021. Overall inventory in the GEA was down 14.1% from December of last year and decreased 22.6% from November 2021.

For December, single-family home unit sales are up 16.5% from December 2020 and down 29% from November 2021 at 790. Condo unit sales increased 25.6% from December 2020 and decreased 22.9% from November 2021. Duplex/rowhouse unit sales were up 16.8% year-over-year and down 34.3%

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One of the most common questions we get from new homeowners is Should we buy a brand new home or go with a resale home instead?

And I always ask my clients multiple questions before giving them an answer. Afterall, buying a home is not a dollars-and-cents debate. It's a choice between different lifestyles. Some people love the clean lines of a modern space while others fall in love with architectural embellishments of older homes. 

1. What location would you prefer?

With Resale homes: You have options in more established neighbourhoods, you have greater access to urban transit and have established infrastructure that gives you the ability to walk to neighbourhood stores, schools, community centres and places of worship

With New build homes:

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sustainable homes in Edmonton

The demand for more sustainable homes has never been higher. Standards both within Canada and internationally have begun to reflect the growing priority of environmental protection and reducing the effects of global climate change. Millions of homeowners are implementing energy efficiency upgrades to their homes. They are taking these steps to save money, lower their carbon footprint, and make their homes more comfortable and healthy places to live.

Based on interactions with over 3 million homeowners, Rise has come to understand that there are three motivations driving homeowner attitudes toward sustainability: health, wealth, or the planet. As you can imagine, there is a lot of overlap between these three motivations. One homeowner might

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Edmonton Real Estate Market Update 2021

In March 2021, sales volume blew through the roof compared to last year. With strong buyer demand and lower inventory, we anticipate brisk activity during the second quarter of 2021.

Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for March 2021 increased 109.9% compared to March 2020 and increased 52.8% from February 2021. The number of new residential listings is up year over year, increasing 51.6% from March 2020. New residential listings are also up month over month, increasing 55.7% from February 2021. Overall inventory in the GEA fell 13.4% from March of last year and increased 11.5% from February 2021.

For March, single-family home unit sales are up 118.2% from March 2020 and up 53.5% from February 2021

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