Weekly Market Update, Dec. 22/17
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: 233 (292, 345, 300)
# Sales: 206 (194, 212, 233)
Ratio: 88% (66%, 61%, 78%)
# Price Changes: 123 (173, 278, 269)
# Expired/Off Market Listings: 275 (186, 491, 463)
Net loss/gain in listings this week: -248 (-88, -358, -396)
Active single family home listings: 2773 (2928, 2964, 3010)
Active condo listings: 2166 (2222, 2249, 2271)
Homes 4-week running average: $429k ($433k, $436k, $445k)
Condos 4-week running average: $239k ($238k, $235k, $234k)
It's been a very busy December for real estate agents in Edmonton....we're used to taking it pretty easy this time of year but not this year! Clearly, many people are moving their…
746 Views, 8 Comments
The REALTORS® Association of Edmonton has released their monthly report on the Greater Edmonton real estate market for November, so I've updated our monthly report (original Edmonton stats are at the end of this post). Residential sales were up 12.42% over last November, which the Association attributes to the upcoming mortgage rule changes. While I agree the rule changes are likely part of the equation, I think rising interest rates (and expiring rate holds) are also a factor, as is the growing population, and the improving economy.
Here's our snapshot of the Greater Edmonton Real Estate market, followed by our monthly charts:
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 343 (311, 408, 407)
# Sales: 224 (214, 227, 215)
Ratio: 65% (69%, 56%, 53%)
# Price Changes: 293 (275, 344, 376)
# Expired/Off Market Listings: 216 (237, 217, 581)
Net loss/gain in listings this week: -97 (-140, -36, -389)
Active single family home listings: 3225 (3271, 3335, 3345)
Active condo listings: 2417 (2440, 2488, 2488)
Homes 4-week running average: $431k ($435k, $427k, $425k)
Condos 4-week running average: $231k ($236k, $235k, $239k)
I found an interesting report this week, called the "Annual Growth Monitoring Report" which states that "at a current population of 932,546, the City of Edmonton is the fastest…
Engineered quartz countertops are a trendy choice for the style-savvy home renovator. It has all the benefits of a natural stone countertop with a few extra features that allow for creativity and versatility when it comes to style and design. Quartz countertops are durable, easy to clean and maintain and will add value to your home.
Photo Credit: Pacific Stone Fabrication
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 408 (407, 418, 442)
# Sales: 227 (215, 250, 254)
Ratio: 56% (53%, 60%, 57%)
# Price Changes: 344 (376, 381, 429)
# Expired/Off Market Listings: 217 (581, 231, 256)
Net loss/gain in listings this week: -36 (-389, -63, -68)
Active single family home listings: 3335 (3345, 3537, 3562)
Active condo listings: 2488 (2488, 2654, 2662)
Homes 4-week running average: $427k ($425k, $426k, $424k)
Condos 4-week running average: $235k ($239k, $245k, $249k)
I've included the inventory charts again this week, as the trend for inventory is headed more towards normal, but is still higher than previous years, so it's still a…