Slower Market in Edmonton in December
Posted by Liv Real Estate on
As expected, the real estate market was slower than normal in December. 376 single-family homes were reported sold in December - down 19% from last December.
142 condos were reported sold in December - down 32% from last year.
The average price of single-family homes was down 4% from last December to $430,287 and the median price was down 0.7% to $377,750. The average price of condos was down 14% from last December to $204,349 and the median price was down 7% to $194,500.
The average price per square foot for single-family homes was down $4 to $276 and for condos was down $13 to $210 from last December.
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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: 89 (218, 237, 396)
# Sales: 68 (158, 160, 179)
Ratio: 76% (72%, 68%, 45%)
# Price Changes: 71 (178, 236, 267)
# Expired/Off Market Listings: 174 (306, 210, 563)
Net loss/gain in listings this week: -153 (-246, -133, -346)
Active single family home listings: 3293 (3401, 3577, 3682)
Active condo listings: 1983 (2031, 2068, 2070)
Homes 4-week running average: $423k ($424k, $420k, $415k)
Condos 4-week running average: $205k ($205k, $205k, $207k)
Have a great weekend and Happy New Year!!
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 218 (237, 396, 318)
# Sales: 158 (160, 179, 195)
Ratio: 72% (68%, 45%, 61%)
# Price Changes: 178 (236, 267, 294)
# Expired/Off Market Listings: 306 (210, 563, 241)
Net loss/gain in listings this week: -246 (-133, -346, -118)
Active single family home listings: 3401 (3577, 3682, 3886)
Active condo listings: 2031 (2068, 2070, 2177)
Homes 4-week running average: $424k ($420k, $415k, $427k)
Condos 4-week running average: $205k ($205k, $207k, $212k)
Sure is different from last year at this time, when everyone was rushing to buy a home before the new mortgage rules kicked it.
Wishing everyone a Merry Christmas, Happy…
Another month with lower sales and higher inventory than in recent years lead to lower prices in the Greater Edmonton area in November. Here's our snapshot of the market in November:
Benchmark prices are also down year-over-year across all categories:
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 318 (355, 403, 404)
# Sales: 195 (179, 211, 175)
Ratio: 61% (50%, 52%, 43%)
# Price Changes: 294 (316, 292, 365)
# Expired/Off Market Listings: 241 (287, 307, 259)
Net loss/gain in listings this week: -118 (-111, -115, -30)
Active single family home listings: 3886 (3940, 3976, 4008)
Active condo listings: 2177 (2218, 2220, 2271)
Homes 4-week running average: $427k ($429k, $438k, $438k)
Condos 4-week running average: $212k ($215k, $220k, $220k)
Monthly stats come out tomorrow so I'll save the commentary for then :)
Have a great weekend!