Weekly Market Update, Apr. 5/2019
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: 693 (513, 580, 497)
# Sales: 238 (230, 226, 181)
Ratio: 34% (45%, 39%, 36%)
# Price Changes: 382 (387, 315, 299)
Expired/Off Market Listings: 403 (150, 188, 127)
Net loss/gain in listings this week: 52 (133, 166, 89)
Active single family home listings: 3767 (3731, 3650, 3560)
Active condo listings: 2213 (2194, 2134, 2073)
Homes 4-week running average: $421k ($417k, $427k, $419k)
Condos 4-week running average: $212k ($206k, $207k, $214k)
Have a great weekend!
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The trend of high supply and low demand continued in the Edmonton area in March and brought lower prices for all types of real estate. The benchmark price for single-family homes was down 4.25% from last year, and 2.83% from five years ago, while apartment style condos were down 5.86% and 11.07% and townhouses were down 6.14% and 9.18% respectively. The pace of new listings was lower than last year for the second month in a row, which might could lead to lower inventory in the months to come, we'll see. Here's our market infographic for March, followed by every imaginable real estate chart.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 580 (497, 582, 495)
# Sales: 226 (181, 168, 206)
Ratio: 39% (36%, 29%, 42%)
# Price Changes: 315 (299, 309, 256)
# Expired/Off Market Listings: 188 (127, 354, 345)
Net loss/gain in listings this week: 166 (89, 60, -56)
Active single family home listings: 3650 (3560, 3443, 3290)
Active condo listings: 2134 (2073, 1994, 1936)
Homes 4-week running average: $427k ($419k, $420k, $419k)
Condos 4-week running average: $ 207k ($214k, $216k, $219k)
The Federal budget was announced this week, with new incentives for first time home buyers. They increased the amount you could borrow from you RRSPs from $25,000 to $35,000 (or $70,000…