Weekly Market Update, December, 18/20
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 220 (301, 322, 313)
# Sales: 186 (188, 252, 232)
Ratio: 85% (62%, 78%, 74%)
# Price Changes: 135 (185, 223, 240)
Expired/Off-Market Listings: 208 (193, 482, 172)
Net loss/gain in listings this week: -174 (-80, -412, -91)
Active single-family home listings: 2476 (2569, 2625, 2829)
Active condo listings: 2007 (2052, 2055, 2222)
Homes 4-week running average: $421k ($431k, $436k, $432k)
Condos 4-week running average: $223k ($224k, $223k, $223k)
Have a great weekend!
About Sara MacLennan
Sara MacLennan is the Director of Marketing at Liv Real Estate and a licensed Real Estate Associate. The bulk of Sara’s experience and wealth of expertise lies in on-line technology and marketing both for agents and consumers. Sara is the former National Director for Interactive Marketing for Coldwell Banker Canada where she was responsible for an extensive training program traveling to offices across the country training agents and brokers on marketing and technology. Find Sara on Twitter @edmontonblogger.
Comments 5
GM
Why the sudden drop in SFH prices?
Tony
People who don’t understand the replacement cost of a new home on a standard sized lot is about double the price of a single detached resale home in Edmonton. The rest of the country sees about a ten percent difference between resale and new, not so in Edmonton.
GM
Tony,
So a new home with a particular sq ft should be double the price of an older home with same sq ft?
Tony
Re: So a new home with a particular sq ft should be double the price of an older home with same sq ft?
Only in Edmonton and like I said the rest of the country sees about a 10 percent price difference between new and resale.
GM
So I should be buying used homes in Edmonton.