Weekly Market Update, May 18/18
Posted by Liv Real Estate on
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 765 (832, 781, 644)
# Sales: 346 (275, 296, 278)
Ratio: 45% (33%, 38%, 43%)
# Price Changes: 569 (536, 399, 455)
# Expired/Off Market Listings: 237 (194, 399, 159)
Net loss/gain in listings this week: 182 (363, 86, 207)
Active single family home listings: 4256 (4109, 3898, 3815)
Active condo listings: 2932 (2888, 2754, 2761)
Homes 4-week running average: $436k ($425k, $417k, $426k)
Condos 4-week running average: $247k ($243K, $228k, $242k)
Single family inventory continues to climb... there's certainly lots to choose from!
Have a great weekend!
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 781 (644, 627, 672)
# Sales: 296 (278, 294, 248)
Ratio: 38% (43%, 47%, 37%)
# Price Changes: 399 (455, 349, 386)
# Expired/Off Market Listings: 399 (159, 195, 198)
Net loss/gain in listings this week: 86 (207, 138, 226)
Active single family home listings: 3898 (3815, 3702, 3578)
Active condo listings: 2754 (2761, 2682, 2638)
Homes 4-week running average: $417k ($426k, $440k, $445k)
Condos 4-week running average: $228k ($242k, $231k, $235k)
The force is not strong in the Edmonton real estate market, unless you count the force of government regulations and mortgage rates. Sorry... Star Wars day was one of my dad's favourite…
You may have seen reports in the past referencing the MLS® Home Price Index (HPI) in other parts of Canada and noticed Edmonton was not included, well, the tool is now available in Edmonton! This means will be able to include "benchmark" prices and trends with our monthly stats, giving greater insight into what is happening in the Edmonton real estate market. We can also more accurately compare our market, with other markets across the country.
What exactly is the HPI?
It's a way of following pricing trends that is more accurate than using averages and medians which can swing dramatically when the volume of high-end or low-end sales change over time. A "benchmark home" is set for each area (based on the most common attributes of homes traded in that…
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Our initial look at the real estate market in Edmonton showed lower than normal sales, and falling average prices. The REALTORS® Association of Edmonton has now released their monthly report on the Greater Edmonton area market showing an increase in year-over-year sales, which suggests there was an increase in sales in the areas around Edmonton (since my preliminary report only includes Edmonton…
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Everyone has different reasons for choosing a neighbourhood, whether it is proximity to something (work, school, amenities, relatives), affordability, property types... the list goes on. What I can say for certain is no neighbourhood will be on the top of everyone's list, or even half of everyone's list. Most people choose a fairly broad area when looking for a place to live and narrow it…