For Immediate Release: March 9th, 2018
Local Professionals Compete on The Big Screen - Seller’s Market
Five chosen Real Estate agents compete to win over prospective homeowners
Edmonton, AB, March 9th, 2018 — A hand-selected group of top producing Edmonton Real Estate agents have been chosen to appear on the national TV series Seller’s Market. Four agents have been cast including Alexander Ward, Erin Willman, Jonathan Yu, and Nam Kular with the fifth and final spot still to be filled. “It’s been a difficult casting process,” says series Executive Producer TJ Lynch. “Edmonton has a lot of great realtors, but these four exemplify all the traits we were looking for in a cast. They are among the top producers in the city, they have great reputations, and all have engaging personalities that will resonate with viewers.”
The first of its kind, Seller’s Market sees the agents compete with each other each week to win a new listing. After a walk-through of the property, and maybe a little competitive banter, the agents plead their case to the homeowner who then chooses only one of them to list their property, while the rest get sent home with a handshake and a smile. Created by Visland Media, the first season of the show was filmed in Kelowna and now episodes are being filmed in other cities across Canada including Victoria, Vancouver, and Hamilton.
Production is slated to begin in Edmonton this fall with airing set for early next year. Lynch is seeking one additional agent to round out the cast for this season as well as actively seeking Edmonton area homeowners who plan to list their property in the next year and may want to appear on TV.
Alexander Ward joins the Seller’s Market Edmonton cast from Maxwell Devonshire Realty.
Erin Willman, RE/MAX Professionals, brings her 11 years experience in the real estate industry and Jonathan Yu from Initia Property Marketing transfers his background in business and law to his passion for Real Estate. Rounding out the cast is realtor Nam Kular, who brings a unique perspective to real estate and is based out of Royal LePage Preferred Real Estate.
Unit sales and average prices increase for the spring market
Edmonton, March 2, 2018: Spring has hit the real estate market in the Edmonton Census Metropolitan Area (CMA), bringing strong unit sales and average price increases.
When compared to January 2018, unit sales across all categories increased, with single family home sales increasing 22.97%, condo sales increasing 14.17% and duplex/rowhouse sales increasing 21.28%. Year over year single family homes unit sales decreased 4.21%, condo sales decreased 4.92% and duplex/rowhouses sales decreased 7.32%. Year to date sales for all residential categories was up 2.43% compared to February 2017.
Month over month and year over year average unit prices increased across all categories. The average price of a single family home was $442,206, which was an increase of 3.14% compared to January 2018 and an increase of 3.73% compared to February 2017. The average price of a condo was $236,808, an increase of 4% month over month and 1.48% year over year. The duplex/rowhouse average price increased to $354,638, up 1.73% relative to January 2018 and up 2.62% relative to February 2017.
“February turned out to be a busy month for REALTORS®, which was reflected in the increases in sales activity and average prices across all categories of residential properties,” said Darcy Torhjelm, Chair of the REALTORS® Association of Edmonton.
Inventory increased 10.90% compared to January 2018 and was up 8.67% compared to February 2017. Listings also increased, up 4.03% month over month and 5.92% year over year.
Days on market decreased for all categories compared to January 2018. Single family homes took an average of 59 days to sell, condos required 75 average days and duplex/rowhouses needed 64 days to sell. Overall the average days on market for all residential properties was 65, which was 10 days faster than January 2018 and identical to February 2017.
MLS® System Activity for February 2018
MLS® System Activity
(for all-residential sales in Edmonton CMA1)
|February 2018||M/M % Change||Y/Y % Change|
|SFD2 average3 selling price – month||$442,206||3.14%||3.73%|
|SFD median4 selling price – month||$395,000||2.86%||0.77%|
|Condominium average selling price||$236,808||4.00%||1.48%|
|Condominium median selling price||$216,000||5.37%||-3.42%|
|All-residential5 average selling price||$374,361||4.24%||8.33%|
|All-residential median selling price||$348,444||5.55%||3.86%|
|# residential listings this month||2,558||4.03%||5.92%|
|# residential sales this month||1,052||18.07%||-5.65%|
|# residential inventory at month end||6,797||10.90%||8.67%|
|# Total6 MLS® System sales this month||1,313||14.47%||-6.75%|
|$ Value Total residential sales this month||433,455,371||22.20%||-3.63%|
|$ Value of total MLS® System sales – month||547,345,299||37.78%||9.04%|
|$ Value of total MLS® System sales - YTD||943,270,578||137.44%||8.08%|
3 Average 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 YEGisHome.ca and ereb.com, as well as in the Real Estate Weekly and 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®).
|Darcy Torhjelm Mabey||REALTOR®, 2018 Chair||Bus: 780-721-4027|
|Michael Thompson||M.A., LL.M, President and CEO||Bus: 780-453-9340|
|Hilary Darrah||Marketing & Communications Supervisor||Bus: 780-453-9347|