Weekly Market Update, Mar. 1/19
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: 495 (437, 422, 528)
# Sales: 206 (186, 175, 179)
Ratio: 42% (43%, 41%, 36%)
# Price Changes: 256 (211, 212, 221)
# Expired/Off Market Listings: 345 (216, 127, 428)
Net loss/gain in listings this week: -56 (35, 120, -79)
Active single family home listings: 3290 (3327, 3281, 3194)
Active condo listings: 1936 (1966, 1965, 1910)
Homes 4-week running average: $419k ($406k, $402k, $397k)
Condos 4-week running average: $219k ($214k, $215k, $206k)
Have a great weekend!
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If your family has outgrown your current house, you might be considering a big change. Or, maybe you want that luxurious master suite, a third bathroom or an additional family room. If you need more living space, you have two options: add on to the house you already have and renovate it to make it work OR move into a bigger house.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 528 (403, 450, 476)
# Sales: 179 (144, 138, 143)
Ratio: 36% (31%, 30%, 27%)
# Price Changes: 221 (233, 208, 286)
# Expired/Off Market Listings: 428 (370, 174, 241)
Net loss/gain in listings this week: -79 (-111, 138, 92)
Active single family home listings: 3194 (3141, 3198, 3073)
Active condo listings: 1910 (1850, 1892, 1858)
Homes 4-week running average: $397k ($392k ($401k, $403k)
Condos 4-week running average: $206k ($213k, $215k, $213k)
Have a great weekend!
Our preliminary look at the real estate market in Edmonton in January shows sales and prices down, after an extended period of higher than normal inventory and lower than normal demand. 369 single family homes were reported sold in Edmonton in January, down 15% from last January. Last January sales were slightly higher than normal, as buyers wanted to get into the real estate market before the new "stress test" mortgage rules came into place. If you look at January 2015-2017, the number of single family sales this January were in the normal range.
183 condos were reported sold, down 18% from last January.
The average sale price of single family homes was down 5% from last January to $391,815 and the median price was down 1.3%. The average price for…