Weekly Market Report, Jan. 6/17
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: 256 (74, 190, 213)
# Sales: 97 (95, 180, 161)
Ratio: 38% (128%, 95%, 76%)
# Price Changes: 142 (63, 122, 127)
# Expired/Off Market Listings: 581 (131, 262, 238)
Net loss/gain in listings this week: -422 (-152, -252, -186)
Active single family home listings: 2,149 (2,364, 2,434, 2,544)
Active condo listings: 1,751 (1,940, 1,997, 2,070)
Homes 4-week running average: $424k ($418k, $431k, $432k)
Condos 4-week running average: $247k ($249k, $243k, $235k)
It's beginning to look a lot like last year ;)
Happy New Year! Have a great weekend!
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Our preliminary monthly report on the Edmonton real estate market for December shows that we ended 2016 in much the same way we normally do. Sales of single-family homes were right in the normal range for December; 392 homes were reported sold in December, up 3.4% from last year.
Condos sales were down slightly from last December; 181 condos were reported sold compared to 184 last year.
The average price of single-family homes was down 2.5% from last December to $416,234 while the median price was basically unchanged at $379,900 (it was $380k last year). The average sale price of condos was up 0.9% to $250,358 and the median sale price was down 2.5% to $230,000.
The average price per square foot for single-family homes was down $1 to $273 and…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 74 (190, 213, 278)
# Sales: 95 (180, 161, 137)
Ratio: 128% (95%, 76%, 49%)
# Price Changes: -152 (122, 127, 206)
# Expired/Off Market Listings: 131 (262, 238, 218)
Net loss/gain in listings this week: -152 (-252, -186, -77)
Active single family home listings: 2,364 (2,434, 2,544, 2,641)
Active condo listings: 1,940 (1,997, 2,070, 2,145)
Homes 4-week running average: $418k ($431k, $432k, $427k)
Condos 4-week running average: $249k ($243k, $235k, $236k)
Wow, time flies! Last weekly update of the year.... Next year is going to be interesting! I'll be attending the Annual Housing Forecast on Wednesday and will have lots of…
The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today showing lower demand and higher supply than last year, much like we've seen all year. In these conditions, it's surprising that the overall average residential sale price increased by 1%, but this was partially due to a number of luxury sales (nearly twice as many as we saw last November), including one at $3million. As we reported yesterday, the size of homes sold in Edmonton reached a new record in November:
The increasing size of homes sold at least partially explains the stable average prices in Edmonton while sales have been dropping. While the value of most properties has declined, buyers still qualified for the same amount of…