Weekly Market Update, July 26/19
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: 495 (530, 586, 523)
# Sales: 283 (319, 329, 265)
Ratio: 57% (60%, 56%, 51%)
# Price Changes: 471 (500, 497, 438)
Expired/Off Market Listings: 190 (219, 239, 450)
Net loss/gain in listings this week: 22 (-8, 18, -192, -2)
Active single family home listings: 4325 (4310, 4298, 326)
Active condo listings: 2509 (2496, 2510, 2460)
Homes 4-week running average: $420k ($417k, $421k, $418k)
Condos 4-week running average: $213k ($225k, $227k, $236k)
Have a great weekend!
457 Views, 2 Comments
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 586 (523, 548, 551)
# Sales: 329 (265, 323, 319)
Ratio: 56% (51%, 59%, 58%)
# Price Changes: 497 (438, 532, 478)
Expired/Off Market Listings: 239 (450, 227, 204)
Net loss/gain in listings this week: 18 (-192, -2, 28, 29)
Active single family home listings: 4298 (326, 4423, 4416)
Active condo listings: 2510 (2460, 2544, 2538)
Homes 4-week running average: $421k ($418k, $419k, $424k)
Condos 4-week running average: $227k ($236k, $236k, $231k)
Have a great weekend!
Our preliminary look at the real estate market in Edmonton shows single-family home sales were up slightly over last year for the third month in a row. 859 single family homes were reported sold in June, up 2% from last year.
Condo sales were down 2.4% from last June - 328 condos were reported sold.
The average sale price for single-family homes was down 5% to $417,863 and the median price was down 4.7% to $379,900. The average sale price for condos was down 2% to $245,715 and the median price was down 1% to $220,000.
The average price/square foot for single-family homes was down $16 to $269 and for condos was down $5 to $225.
I will update this post when the REALTORS® Association of Edmonton releases their monthly report on the market in a few days.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 548 (551, 584, 616)
# Sales: 323 (319, 331, 323)
Ratio: 59% (58%, 57%, 52%)
# Price Changes: 532 (478, 455, 512)
Expired/Off Market Listings: 227 (204, 224, 404)
Net loss/gain in listings this week: -2 (28, 29, -111, 151)
Active single family home listings: 4423 (4416, 4430, 4387)
Active condo listings: 2544 (2538, 2495, 2474)
Homes 4-week running average: $419k ($424k, $423k, $424k)
Condos 4-week running average: $236k ($231k, $232k, $231k)
Have a great weekend!
Prices are still falling in Edmonton, but there are some positive signs in the real estate market. Inventory has dropped, listing activity has dropped and sales activity has increased. Here's our infographic for the Greater Edmonton Real Estate market in May:
If you've followed this blog for a while, you may recognize the chart below, and it's due for a comeback. The chart shows that when you compare sales and prices on a year over year basis, a cycle forms. We've been in phase 5 or 6 for quite some time, where sales are lower than or about the same as a year earlier, and prices are lower. Last month we saw sales increase year over year and this month sales are up as well, pushing us into phase 8 in the cycle. We still have higher than normal…