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 ;) edmonton-real-estate-prices edmonton-listings-sales Happy New Year! Have a great weekend! Posted by Liv Real Estate on
Email Send a link to post via Email

Is it always many listings expire at end of the year? People are not motivated to by investment property any more.

Posted by Sharon on Thursday, January 5th, 2017 at 8:27pm

Wow, listings down over 400 for the week, AND prices increasing week over week! If we get some pipelines built we may be rocking really soon!

Posted by Tom on Friday, January 6th, 2017 at 6:30am

At least people are trying to sell their house/houses as the listings shoot upward. Hopefully less people will leave the province or the country.

Posted by Tony on Saturday, January 7th, 2017 at 12:09am

Price changes have shot upward and sellers sure aren't increasing their price.

Posted by Arfmooocat on Saturday, January 7th, 2017 at 2:52am

Tony the average and median price albeit not the benchmark price of SFH in Calgary was up for over 5% for the last two months according to real estate association of Calgary

Posted by Wally on Saturday, January 7th, 2017 at 3:02am

I mean yoy for nov and dec

Posted by Wally on Saturday, January 7th, 2017 at 3:17am

Went to a few show homes in Granville area and for a 2500 sqft house on 28 pocket lot, walkout, prices were over 750k. I thought that was a bit too much! And definitely felt higher than last year.

Posted by Al on Saturday, January 7th, 2017 at 3:52am

Prices in Toronto went up 20% last year. Eventually people will see bargains in Alberta. As we near the end of the NDP's reign prices will start to move up, as people will finally have some hope (that they'll be booted out of power).

Posted by GM on Saturday, January 7th, 2017 at 5:14am

Unfortunately the sad reality is if you list your house on mls you'll get 20 to 25 percent less than if you were able to sell before October 2014

Posted by Tony on Tuesday, January 10th, 2017 at 7:19pm

Again Tony that's just not factual. Look at Teranet same home sales- there's no data fudging there; just pure data extrapolated into a % change.

We're probably down 1-2% based on that. But, I will be the first to admit if you've got some overpriced acreage in Leduc county, you might be down 10% (and hence why acreages aren't selling right now). And if you've got a well kept place near the core, you might be up 1-2%. And on the balance, of all sales, it looks like we're down 1-2%.

By the way, since your prediction that the dollar was going to get "hammered starting this Friday" last week in a different thread, it's up from 75ct USD to 77ct USD. Just a fact.

Posted by Trev on Wednesday, January 11th, 2017 at 10:37pm

“Edmonton had a positive 2016 despite ongoing economic uncertainty,” said Mabey." EREB Chair, James Maby

"Average home prices in the Edmonton region dropped more than in any other Canadian city last year, and 2017 doesn’t look much brighter," a new Royal LePage report shows.

I guess worst overall is a positive according to the EREB.

Posted by George on Thursday, January 12th, 2017 at 4:41am

Leave A Comment

Please note that your email address is kept private upon posting.