Edmonton Single-Family Home Prices up 6.8% from Last Year - UPDATED
Posted by Liv Real Estate on
Interesting times in the Edmonton real estate market for sure... sales of all property types were well ahead of the past few years, and while single-family prices were up, condo prices are still lagging due to higher than normal supply. The biggest real estate related news this month comes from the Bank of Canada, which gave a surprise warning last week that rates are going to rise significantly next year. We often see an increase in demand before rate hikes, followed, of course, by lower demand. This could move the spring market earlier next year since the hikes will begin in April.
I will update this post when the REALTORS® Association of Edmonton releases their monthly report on the market later this week.
City of Edmonton…
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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: 429 (447, 491, 574)
# Sales: 327 (345, 291, 373)
Ratio: 76% (77%, 59%, 65%)
# Price Changes: 399 (427, 341, 447)
Expired/Off-Market Listings: 216 (237, 197, 584)
Net loss/gain in listings this week: -114 (-135, 3, -383)
Active single-family home listings: 3043 (3089, 3139, 3122)
Active condo listings: 2607 (2625, 2672, 2658)
Homes 4-week running average: $449 ($452, $457, $458)
Condos 4-week running average: $220 ($225, $221, $221)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 447 (491, 574, 539)
# Sales: 345 (291, 373, 284)
Ratio: 77% (59%, 65%, 53%)
# Price Changes: 427 (341, 447, 444)
Expired/Off-Market Listings: 237 (197, 584, 577)
Net loss/gain in listings this week: -135 (3, -383, -322)
Active single-family home listings: 3089 (3139, 3122, 3172)
Active condo listings: 2625 (2672, 2658, 2657)
Homes 4-week running average: $452 ($457, $458, $457)
Condos 4-week running average: $225 ($221, $221, $216)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 491 (574, 539, 567)
# Sales: 291 (373, 284, 353)
Ratio: 59% (65%, 53%, 62%)
# Price Changes: 341 (447, 444, 457)
Expired/Off-Market Listings: 197 (584, 577, 239)
Net loss/gain in listings this week: 3 (-383, -322, -25)
Active single-family home listings: 3139 (3122, 3172, 3266)
Active condo listings: 2672 (2658, 2657, 2832)
Homes 4-week running average: $457 ($458, $457, $456)
Condos 4-week running average: $221 ($221, $216, $216)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 574 (539, 567, 606)
# Sales: 373 (284, 353, 382)
Ratio: 65% (53%, 62%, 63%)
# Price Changes: 447 (444, 457, 484)
Expired/Off-Market Listings: 584 (577, 239, 269)
Net loss/gain in listings this week: -383 (-322, -25, -45)
Active single-family home listings: 3122 (3172, 3266, 3259)
Active condo listings: 2658 (2657, 2832, 2824)
Homes 4-week running average: $458 ($457, $456, $448)
Condos 4-week running average: $221 ($216, $216, $214)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 606 (570, 542, 548)
# Sales: 382 (279, 341, 335)
Ratio: 63% (49%, 63%, 61%)
# Price Changes: 484 (440, 446, 432)
Expired/Off-Market Listings: 269 (238, 566, 236)
Net loss/gain in listings this week: -45 (53, -365, -23)
Active single-family home listings: 3259 (3252, 3213, 3390)
Active condo listings: 2824 (2823, 2806, 2978)
Homes 4-week running average: $448 ($449, $451, $442)
Condos 4-week running average: $214 ($218, $219, $226)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 542 (548, 652, 630)
# Sales: 341 (335, 343, 344)
Ratio: 63% (61%, 53%, 55%)
# Price Changes: 446 (432, 367, 446)
Expired/Off-Market Listings: 566 (236, 277, 230)
Net loss/gain in listings this week: -365 (-23, 32, 56)
Active single-family home listings: 3213 (3390, 3399, 3355)
Active condo listings: 2806 (2978, 2986, 2938)
Homes 4-week running average: $451 ($442, $448, $451)
Condos 4-week running average: $219 ($226, $231, $229)