Weekly Market Update Apr. 2/21
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: 739 (687, 679, 649)
# Sales: 450 (397, 387, 341, 262)
Ratio: 61% (58%, 57%, 53%)
# Price Changes: 287 (304, 265, 260)
Expired/Off-Market Listings: 276 (139, 123, 144)
Net loss/gain in listings this week: 13 (151, 169, 164)
Active single-family home listings: 2442 (2390, 2317, 2253)
Active condo listings: 2478 (2466, 2395, 2285)
Homes 4-week running average: $451K ($445k, $441k, $440k)
Condos 4-week running average: $223k ($223k, $218k, $206k)
Ok, the market has officially gone into over-drive. We rarely see more than 400 sales in a week, and when we do it's normally June. The last time there were more than 400 sales was…
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Well, I knew the market was hot, but I didn't think we'd see sales more than double what they were last year at this time - residential sales in the Greater Edmonton area were up 109% in March. The benchmark price for single-family homes is up 5.6% year over year and 1.7% over last month. It's a solid seller's market with less than three months of supply, even with new listings up 51% over last year. Compared to other places in North America where inventory is incredibly tight, the good news is that we actually have new inventory coming on the market.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 679 (649, 621, 481)
# Sales: 387 (341, 262, 309, 280)
Ratio: 57% (53%, 42%, 64%)
# Price Changes: 265 (260, 241, 261)
Expired/Off-Market Listings: 123 (144, 290, 107)
Net loss/gain in listings this week: 169 (164, 69, 65)
Active single-family home listings: 2317 (2253, 2187, 2142)
Active condo listings: 2395 (2285, 2184, 2117)
Homes 4-week running average: $441 ($440, $429, $425)
Condos 4-week running average: $218 ($206, $ 203, $214)
387 sales last week, we typically see numbers like that in a very good May or June week. We haven't had that many sales in a March week for as long as I've been tracking weekly stats…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 621 (481, 440, 467)
# Sales: 262 (309, 280, 283)
Ratio: 42% (64%, 64%, 61%)
# Price Changes: 241 (261, 164, 170)
Expired/Off-Market Listings: 290 (107, 114, 124)
Net loss/gain in listings this week: 69 (65, 46, 69)
Active single-family home listings: 2187 (2142, 2133, 2111)
Active condo listings: 2184 (2117, 2047, 1967)
Homes 4-week running average: $429 ($425, $415, $420)
Condos 4-week running average: $ 203 ($214, $219, $220)
Act as if what you do makes a difference. It Does. - William James
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 481 (440, 467, 529)
# Sales: 309 (280, 283, 288)
Ratio: 64% (64%, 61%, 54%)
# Price Changes: 261 (164, 170, 205)
Expired/Off-Market Listings: 107 (114, 124, 297)
Net loss/gain in listings this week: 65 (46, 69, -56)
Active single-family home listings: 2142 (2133, 2111, 2120)
Active condo listings: 2117 (2047, 1967, 1928)
Homes 4-week running average: $425 ($415, $420, $430)
Condos 4-week running average: $214 ($219, $220, $215)
The Bank of Canada Governor Tiff Macklem warned the Calgary and Edmonton chambers of commerce this week that they're seeing signs of over-heating in the Canadian housing market this week. He…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 467 (529, 450, 433)
# Sales: 283 (288, 249, 188)
Ratio: 61% (54%, 55%, 43%)
# Price Changes: 170 (205, 175, 190)
Expired/Off-Market Listings: 124 (297, 145, 176)
Net loss/gain in listings this week: 60 (-56, 56, 69)
Active single-family home listings: 2111 (2120, 2148, 2125)
Active condo listings: 1967 (1928, 1940, 1887, 1838)
Homes 4-week running average: $420 ($430, $422, $432)
Condos 4-week running average: $220 ($215, $210, $195)
I was wondering if the cold weather might cool things off a bit... after three weeks of increasing sales we had a slight dip this week. We're still well ahead of the past few years though.…