Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 577 (516, 424, 475) # Sales: 227 (224, 235, 200) Ratio: 39% (43%, 55%, 42%) # Price Changes: 275 (219, 248, 198) # Expired/Off Market Listings: 322 (124, 140, 136) Net loss/gain in listings this week: 28 (168, 49, 139) Active single family home listings: 2,510 (2,479, 2,400, 2,371) Active condo listings: 2,113 (2,100, 2,017, 1,981) Homes 4-week running average: $425k ($418k, $420k, $424k) Condos 4-week running average: $231k ($240k, $245k, $246k) Have a great weekend.

813 Views, 9 Comments

Read Full Post

Things are looking a lot better than last year in a few real estate categories in Edmonton this month, with supply coming down, and demand coming up. Sales were up over last year, and sales tend to be a leading indicator for prices - when sales go down, prices inevitably follow and when sales go up, prices tend to rise as well, in time. The REALTORS® Association of Edmonton released their report on the Greater Edmonton area market today, saying:

 “As we head into the spring buying season with stable prices, coupled with increases in unit sales and seasonally-appropriate inventory levels, it seems like a positive sign for our market,” says James Mabey, REALTORS® Association of Edmonton Chair.

Here's our snapshot on the real estate market in the Greater…

664 Views, 2 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 516 (424, 475, 440) # Sales: 224 (235, 200, 198) Ratio: 43% (55%, 42%, 45%) # Price Changes: 219 (248, 198, 240) # Expired/Off Market Listings: 124 (140, 136, 322) Net loss/gain in listings this week: 168 (49, 139, -80) Active single family home listings: 2,479 (2,400, 2,371, 2,293) Active condo listings: 2,100 (2,017, 1,981, 1,909) Homes 4-week running average: $418k ($420k, $424k, $421k) Condos 4-week running average: $240k ($245k, $246k, $249k) *UPDATE - March 3* Some of you noticed some issues with the numbers in this post and were in fact correct. It looks as though my spreadsheet didn't save correctly and a week of…

681 Views, 12 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 424 (475, 440, 431) # Sales: 235 (200, 198, 159) Ratio: 55% (42%, 45%, 37%) # Price Changes: 248 (198, 240, 260) # Expired/Off Market Listings: 140 (136, 322, 136) Net loss/gain in listings this week: 49 (139, -80, 136) Active single family home listings: 2,400 (2,371, 2,293, 2,325) Active condo listings: 2,017 (1,981, 1,909, 1,952) Homes 4-week running average: $420k ($424k, $421k, $426k) Condos 4-week running average: $245k ($246k, $249k, $232k) The blog is now moved to our new host, everything went well except we lost two comments. So sorry if yours was the one lost! Have a great weekend!

674 Views, 24 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 475 (440, 431, 449) # Sales: 200 (198, 159, 134) Ratio: 42% (45%, 37%, 30%) # Price Changes: 198 (240, 260, 204) # Expired/Off Market Listings: 136 (322, 136, 208) Net loss/gain in listings this week: 139 (-80, 136, 107) Active single family home listings: 2,371 (2,293, 2,325, 2,245) Active condo listings: 1,981 (1,909, 1,952, 1,892) Homes 4-week running average: $424k ($421k, $426k, $422k) Condos 4-week running average: $246k ($249k, $232k, $236k) We are in the process of moving the blog to a new host, which is why I haven't posted much lately. It should happen any day now, but there are always glitches. I appreciate…

837 Views, 16 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 440 (431, 449, 390) # Sales: 198 (159, 134, 124) Ratio: 45% (37%, 30%, 32%) # Price Changes: 240 (260, 204, 205) # Expired/Off Market Listings: 322 (136, 208, 179) Net loss/gain in listings this week: -80 (136, 107, 87) Active single family home listings: 2,293 (2,325, 2,245, 2,188) Active condo listings: 1,909 (1,952, 1,892, 1,819) Homes 4-week running average: $421k ($426k, $422k, $420k) Condos 4-week running average: $249k ($232k, $236k, $248k) It's looking a lot like 2015 this year, which is better than last year. Have a great weekend!

860 Views, 15 Comments

Read Full Post

I'm going to change things up a bit...Normally I post a preliminary report on the Edmonton market on the first of each month, and a second report on the greater Edmonton area when the REALTORS® Association of Edmonton releases their stats. From now on I'm just going to publish one report on the 1st of the month, and add the greater Edmonton area stats as an update, when they're released. Hopefully you agree this is a good idea :)

Greater Edmonton Area

In an interesting turn of events, demand is up, supply is down and prices are up on a year over year basis in the Greater Edmonton Area, according to stats released by the REALTORS® Association of Edmonton yesterday.

“2017 has started strong, with an increase in year over year unit sales and prices…

779 Views, 0 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 431 (449, 390, 256) # Sales: 159 (134, 124, 97) Ratio: 37% (30%, 32%, 38%) # Price Changes: 260 (204, 205, 142) # Expired/Off Market Listings: 136 (208, 179, 581) Net loss/gain in listings this week: 136 (107, 87, -422) Active single family home listings: 2,325 (2,245, 2,188, 2,149) Active condo listings: 1,952 (1,892, 1,819, 1,751) Homes 4-week running average: $426k ($422k, $420k, $424k) Condos 4-week running average: $232k ($236k, $248k, $247k) The Alberta Real Estate Association put out a very informative report on the real estate market this week, that includes a thorough outlook on 2017, with some interesting…

786 Views, 26 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 449 (390, 256, 74) # Sales: 134 (124, 97, 95) Ratio: 30% (32%, 38%, 128%) # Price Changes: 204 (205, 142, 63) # Expired/Off Market Listings: 208 (179, 581, 131) Net loss/gain in listings this week: 107 (87, -422, -152) Active single family home listings: 2,245 (2,188, 2,149, 2,364) Active condo listings: 1,892 (1,819, 1,751, 1,940) Homes 4-week running average: $422k ($420k, $424k, $418k) Condos 4-week running average: $236k ($248k, $247k, $249k) Have a great weekend!

697 Views, 0 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 390 (256, 74, 190) # Sales: 124 (97, 95, 180) Ratio: 32% (38%, 128%, 95%) # Price Changes: 205 (142, 63, 122) # Expired/Off Market Listings: 179 (581, 131, 262) Net loss/gain in listings this week: 87 (-422, -152, -252) Active single family home listings: 2,188 (2,149, 2,364, 2,434) Active condo listings: 1,819 (1,751, 1,940, 1,997) Homes 4-week running average: $420k ($424k, $418k, $431k) Condos 4-week running average: $248k ($247k, $249k, $243k) Have a great weekend!  

729 Views, 2 Comments

Read Full Post