Weekly Market Update, January 10/20
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: 433 (182, 123, 243)
# Sales: 109 (110, 105, 149)
Ratio: 25% (60%, 85%, 61%)
# Price Changes:Â 211 (152, 71, 153)
Expired/Off-Market Listings: 180 (660, 171, 260)
Net loss/gain in listings this week: 144 (-588, -153, -166)
Active single-family home listings: 2849 (2770, 3120, 3209)
Active condo listings: 1643 (1581, 1795, 1831)
Homes 4-week running average: $399k ($402k, $412k, $412k)
Condos 4-week running average: $227k ($222k, $226k, $221k)
Have a great weekend!
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Here's our initial look at the real estate market in Edmonton in December - I will update this post after the REALTORS® Association of Edmonton releases their monthly report on the market. Single-family home sales ended out the year like they normally do in December - 402 homes were reported sold in December, up 7% from last year.
Condo sales were slower than normal, but similar to what we saw last year - 146 condo were reported sold in December (compared to 142 last year).
The average price of single-family homes was $401,816, down 7% from last year and the median price was down 6% to $353,450. The average price of condos was $222,554, down 9% from last year and the median price was down 2% to $198,000.
The average price for single-family homes…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 123 (243, 300, 328)
# Sales: 105 (149, 185, 144)
Ratio: 85% (61%, 62%, 44%)
# Price Changes:Â 71 (153, 208, 231)
Expired/Off-Market Listings: 171 (260, 250, 470)
Net loss/gain in listings this week: -153 (-166, -135, -286)
Active single-family home listings: 3120 (3209, 3309, 3398)
Active condo listings: 1795 (1831, 1865, 1882)
Homes 4-week running average: $412k ($412k, $413k, $416k)
Condos 4-week running average: $226k ($221k, $219k, $228k)
Happy Holidays:)Â
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 243 (300, 328, 308)
# Sales: 149 (185, 144, 205)
Ratio: 61% (62%, 44%, 67%)
# Price Changes:Â 153 (208, 231, 276)
Expired/Off-Market Listings: 260 (250, 70, 188)
Net loss/gain in listings this week: -166 (-135, -286, -85)
Active single-family home listings: 3209 (3309, 3398, 3578)
Active condo listings: 1831 (1865, 1882, 1975)
Homes 4-week running average: $412k ($413k, $416k, $414k)
Condos 4-week running average: $221k ($219k, $228k, $223k)
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: 300 (328, 308, 291)
# Sales: 185 (144, 205, 195)
Ratio: 62% (44%, 67%, 67%)
# Price Changes:Â 208 (231, 276, 302)
Expired/Off-Market Listings: 250 (70, 188, 253)
Net loss/gain in listings this week: -135 (-286, -85, -157)
Active single-family home listings: 3309 (3398, 3578, 3610)
Active condo listings: 1865 (1882, 1975, 1999)
Homes 4-week running average: $413k ($416k, $414k, $413k)
Condos 4-week running average: $219k ($228k, $223k, $222k)
Have a great weekend!
There was an interesting article published in the Edmonton Journal this week, discussing the rather rosy results of a report from the Real Estate Intelligence Network (REIN).
“It’s in recovery — a slow recovery — that’s based on current and future GDP growth,” says Jennifer Hunt, vice-president of research at Real Estate Intelligence Network Ltd. “At REIN we are always looking at the health of the economy, jobs and migration.”
All are connected, she adds. Economic growth creates jobs, which boosts migration. In turn, more people coming to the city for jobs will create more demand for housing — first rental units and then homes for ownership.
The Real GDP for the City of Edmonton is up 0.5% from last year and is forecast to grow at about 1.4% next…