Weekly Market Update, Nov. 2/18
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: 437 (415, 447, 421)
# Sales: 183 (192, 195, 194)
Ratio: 42% (46%, 44%, 46%)
# Price Changes: 424 (436, 431, 375)
# Expired/Off Market Listings: 668 (262, 328, 280)
Net loss/gain in listings this week: -414 (-39, -76, -53)
Active single family home listings: 4007 (4227, 4241, 4257)
Active condo listings: 2285 (2458, 2463, 2482)
Homes 4-week running average: $432k ($427k, $430k, $426k)
Condos 4-week running average: $219k ($223k, $230k, $235k)
If you read my monthly report, you already know demand is low and supply is high. The Calgary market is seeing even lower demand, and I appreciated these comments from Corinne Lyall,…
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Reported residential real estate sales in Edmonton were well below average in October, and significantly down from last year. With decreased demand and significantly higher than normal inventory, there is only one direction for prices to go. 539 single-family homes were reported sold in October, down 25% from the same month last year:
247 condos were reported sold in Edmonton in October, down 7% from last year to the lowest total we've seen in at least 10 years.
The average sale price for single-family homes was $434,123, down 1.6% from last year and the median price was down 3% to $373,900. The average sale price for condos was $218,349, down 10% from last year and the median price was down 13% to $200,000.
The average price per square foot for…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 415 (447, 421, 524)
# Sales: 192 (195, 194, 224)
Ratio: 46% (44%, 46%, 43%)
# Price Changes: 436 (431, 375, 425)
# Expired/Off Market Listings: 262 (328, 280, 711)
Net loss/gain in listings this week: -39 (-76, -53, -411)
Active single family home listings: 4227 (4241, 4257, 4272)
Active condo listings: 2458 (2463, 2482, 2510)
Homes 4-week running average: $427 ($430k, $426k, $430k)
Condos 4-week running average: $223k ($230k, $235k, $237k)
An interesting report came out this week from CMHC, showing there is high evidence of overbuilding in Edmonton, with an elevated level of inventory of unsold, completed new detached…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 421 (524, 427,523)
# Sales: 194 (224, 236, 260)
Ratio: 46% (43%, 55%, 50%)
# Price Changes: 375 (425, 452, 487)
# Expired/Off Market Listings: 280 (711, 259, 304)
Net loss/gain in listings this week: -53 (-411, -68, -41)
Active single family home listings: 4257 (4272, 4429, 4540)
Active condo listings: 2482 (2510, 2667, 2666)
Homes 4-week running average: $426k ($430k, $430k, $429k)
Condos 4-week running average: $235k ($237k, $242, $245k)
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: 524 (427,523, 568)
# Sales: 224 (236, 260, 247)
Ratio: 43% (55%, 50%, 43%)
# Price Changes: 425 (452, 487, 523)
# Expired/Off Market Listings: 711 (259, 304, 325)
Net loss/gain in listings this week: -411 (-68, -41, -4)
Active single family home listings: 4272 (4429, 4540, 4534)
Active condo listings: 2510 (2667, 2666, 2696)
Homes 4-week running average: $430k ($430k, $429k, $434k)
Condos 4-week running average: $237k ($242, $245k, $240k)
Have a great weekend!
Our preliminary look at the real estate market in September shows single-family home sales are up (ever so slightly) from last year - 668 homes were reported sold in September in Edmonton, up 2.5% from last year:
Condo sales, on the other hand, reached a new low - 250 condos were reported sold in September, down 11% from last September:
The average price of single-family homes was $430,881 - up 1% compared to last September - and the median price was $387,500 - up 0.6%. The average price of condos was $241,838 - down 4% from last September - and the median price was $219,000 - down 0.5%.
The average price per square foot for single-family homes was $276 and for condos was $237 - both were down $10 from last September.