Weekly Market Update, Oct. 26/18
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: 415 (447, 421, 524)
# Sales: 192 (195, 194, 224)
Ratio: 46% (44%, 46%, 43%)
# Price Changes: 436 (431, 375, 425)
# Expired/Off Market Listings: 262 (328, 280, 711)
Net loss/gain in listings this week: -39 (-76, -53, -411)
Active single family home listings: 4227 (4241, 4257, 4272)
Active condo listings: 2458 (2463, 2482, 2510)
Homes 4-week running average: $427 ($430k, $426k, $430k)
Condos 4-week running average: $223k ($230k, $235k, $237k)
An interesting report came out this week from CMHC, showing there is high evidence of overbuilding in Edmonton, with an elevated level of inventory of unsold, completed new detached…
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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: 421 (524, 427,523)
# Sales: 194 (224, 236, 260)
Ratio: 46% (43%, 55%, 50%)
# Price Changes: 375 (425, 452, 487)
# Expired/Off Market Listings: 280 (711, 259, 304)
Net loss/gain in listings this week: -53 (-411, -68, -41)
Active single family home listings: 4257 (4272, 4429, 4540)
Active condo listings: 2482 (2510, 2667, 2666)
Homes 4-week running average: $426k ($430k, $430k, $429k)
Condos 4-week running average: $235k ($237k, $242, $245k)
Have a great weekend!
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 524 (427,523, 568)
# Sales: 224 (236, 260, 247)
Ratio: 43% (55%, 50%, 43%)
# Price Changes: 425 (452, 487, 523)
# Expired/Off Market Listings: 711 (259, 304, 325)
Net loss/gain in listings this week: -411 (-68, -41, -4)
Active single family home listings: 4272 (4429, 4540, 4534)
Active condo listings: 2510 (2667, 2666, 2696)
Homes 4-week running average: $430k ($430k, $429k, $434k)
Condos 4-week running average: $237k ($242, $245k, $240k)
Have a great weekend!
Our preliminary look at the real estate market in September shows single-family home sales are up (ever so slightly) from last year - 668 homes were reported sold in September in Edmonton, up 2.5% from last year:
Condo sales, on the other hand, reached a new low - 250 condos were reported sold in September, down 11% from last September:
The average price of single-family homes was $430,881 - up 1% compared to last September - and the median price was $387,500 - up 0.6%. The average price of condos was $241,838 - down 4% from last September - and the median price was $219,000 - down 0.5%.
The average price per square foot for single-family homes was $276 and for condos was $237 - both were down $10 from last September.