Weekly Market Update, August 9/19
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: 497 (488, 495, 530)
# Sales: 436 (302, 283, 319)
Ratio: 88% (62%, 57%, 60%)
# Price Changes: 383 (420, 471, 500)
Expired/Off Market Listings: 232 (465, 190, 219)
Net loss/gain in listings this week: -171 (-279, 22, -8, 18)
Active single family home listings: 4226 (4179, 4325, 4310)
Active condo listings: 2413 (2399, 2509, 2496)
Homes 4-week running average: $429k ($426k, $420k, $417k)
Condos 4-week running average: $217k ($215k, $213k, $225k)
Have a great weekend!
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The real estate market was busier than I expected in July in Edmonton. Nearly every one of our agents reported being in multiple offer situations on more than one occasion in the month of July. There are a number of stats that suggest the bottom of the current market cycle was a couple of months ago... Sales are up 20% over last July while inventory is down 10%. The absorption rate is at 4.73 months - the lowest it's been in two years. While prices are still down on a year over year basis, the benchmark price is down 3% compared to last year, while the past few months it was down 4-4.5%. Here is our monthly infographic on the greater Edmonton real estate market:
Looking at benchmark prices, you can get an apartment-style condo for 13% less and a…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 488 (495, 530, 586)
# Sales: 302 (283, 319, 329)
Ratio: 62% (57%, 60%, 56%)
# Price Changes: 420 (471, 500, 497)
Expired/Off Market Listings: 465 (190, 219, 239)
Net loss/gain in listings this week: -279 (22, -8, 18, -192)
Active single family home listings: 4179 (4325, 4310, 4298)
Active condo listings: 2399 (2509, 2496, 2510)
Homes 4-week running average: $426k ($420k, $417k, $421k)
Condos 4-week running average: $215k ($213k, $225k, $227k)
Have a great weekend!
Our preliminary look at the real estate market in Edmonton shows single-family home sales were up slightly over last year for the third month in a row. 859 single family homes were reported sold in June, up 2% from last year.
Condo sales were down 2.4% from last June - 328 condos were reported sold.
The average sale price for single-family homes was down 5% to $417,863 and the median price was down 4.7% to $379,900. The average sale price for condos was down 2% to $245,715 and the median price was down 1% to $220,000.
The average price/square foot for single-family homes was down $16 to $269 and for condos was down $5 to $225.
I will update this post when the REALTORS® Association of Edmonton releases their monthly report on the market in a few days.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 548 (551, 584, 616)
# Sales: 323 (319, 331, 323)
Ratio: 59% (58%, 57%, 52%)
# Price Changes: 532 (478, 455, 512)
Expired/Off Market Listings: 227 (204, 224, 404)
Net loss/gain in listings this week: -2 (28, 29, -111, 151)
Active single family home listings: 4423 (4416, 4430, 4387)
Active condo listings: 2544 (2538, 2495, 2474)
Homes 4-week running average: $419k ($424k, $423k, $424k)
Condos 4-week running average: $236k ($231k, $232k, $231k)
Have a great weekend!