Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 650 (628, 503, 565) # Sales: 313 (243, 231, 276) Ratio: 48% (39%, 46%, 49%) # Price Changes: 306 (361, 329, 326) # Expired/Off Market Listings: 147 (297, 132, 126) Net loss/gain in listings this week: 190 (88, 140, 163) Active single family home listings: 2,958 (2,848, 2,781, 2,736) Active condo listings: 2,494 (2,411, 2,369, 2,305) Homes 4-week running average: $433k ($430k, $440k, $438k) Condos 4-week running average: $251k ($246k, $239k, $235k) Lots of activity this week. It doesn't look much like spring outside at the moment, but the market is finally starting to look like a spring market. This is the first time, in a…

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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: 628 (503, 565, 535) # Sales: 243 (231, 276, 264) Ratio: 39% (46%, 49%, 49%) # Price Changes: 361 (329, 326, 262) # Expired/Off Market Listings: 297 (132, 126, 142) Net loss/gain in listings this week: 88 (140, 163, 129) Active single family home listings: 2,848 (2,781, 2,736, 2,670) Active condo listings: 2,411 (2,369, 2,305, 2,217) Homes 4-week running average: $430k ($440k, $438k, $437k) Condos 4-week running average: $246k ($239k, $235k, $234k) With the market conditions better than last year (even if it's just slightly better) I'm surprised we're still seeing more price reductions than sales. However, when you have a…

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The REALTORS® Association of Edmonton released their monthly report on the real estate market in Edmonton this week, saying:

“We generally see activity in the housing market start to increase at this time of year,” says James Mabey, REALTORS® Association of Edmonton Chair. “Buyers can look forward to more inventory to choose from and sellers can count on more buyers in the marketplace.”

There are some interesting sub-plots going on when you dig into the numbers. First off, luxury home sales have significantly increased in the first quarter of 2017: As you can see from our snapshot on the market below, prices are up slightly, while inventory is down and sales are up: The board changed the way they report sales, so I won't have to make adjustments…

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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: 503 (565, 535, 570) # Sales: 231 (276, 264, 255) Ratio: 46% (49%, 49%, 45%) # Price Changes: 329 (326, 262, 258) # Expired/Off Market Listings: 132 (126, 142, 163) Net loss/gain in listings this week: 140 (163, 129, 152) Active single family home listings: 2,781 (2,736, 2,670, 2,582) Active condo listings: 2,369 (2,305, 2,217, 2,188) Homes 4-week running average: $440 ($438k, $437k, $436k) Condos 4-week running average: $239k ($235k, $234k, $238k) Full month report coming out tomorrow! Have a great weekend!

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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: 565 (535, 570, 577) # Sales: 276 (264, 255, 227) Ratio: 49% (49%, 45%, 39%) # Price Changes: 326 (262, 258, 275) # Expired/Off Market Listings: 126 (142, 163, 322) Net loss/gain in listings this week: 163 (129, 152, 28) Active single family home listings: 2,736 (2,670, 2,582, 2,510) Active condo listings: 2,305 (2,217, 2,188, 2,113) Homes 4-week running average: $438k ($437k, $436k, $425k) Condos 4-week running average: $235k ($234k, $238k, $231k) Have a great weekend!

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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: 535 (570, 577, 516) # Sales: 264 (255, 227, 224) Ratio: 49% (45%, 39%, 43%) # Price Changes: 262 (258, 275, 219) # Expired/Off Market Listings: 142 (163, 322, 124) Net loss/gain in listings this week: 129 (152, 28, 168) Active single family home listings: 2,670 (2,582, 2,510, 2,479) Active condo listings: 2,217 (2,188, 2,113, 2,100) Homes 4-week running average: $437k ($436k, $425k, $418k) Condos 4-week running average: $234k ($238k, $231k, $240k) Two condos have sold for over $1million this month, which is not a common occurence in Edmonton, at the same time, 11 have sold for under $100k including a few under…

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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: 570 (577, 516, 424) # Sales: 255 (227, 224, 235) Ratio: 45% (39%, 43%, 55%) # Price Changes: 258 (275, 219, 248) # Expired/Off Market Listings: 163 (322, 124, 140) Net loss/gain in listings this week: 152 (28, 168, 49) Active single family home listings: 2,582 (2,510, 2,479, 2,400) Active condo listings: 2,188 (2,113, 2,100, 2,017) Homes 4-week running average: $436k ($425k, $418k, $420k) Condos 4-week running average: $238k ($231k, $240k, $245k) Have a great weekend!

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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: 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.

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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…

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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: 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…

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