Weekly Market Report, Dec. 23/16

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 190 (213, 278, 290) # Sales: 180 (161, 137, 208) Ratio: 95% (76%, 49%, 72%) # Price Changes: 122 (127, 206, 266) # Expired/Off Market Listings: 262 (238, 218, 443) Net loss/gain in listings this week: -252 (-186, -77, -361) Active single family home listings: 2,434 (2,544, 2,641, 2,680) Active condo listings: 1,997 (2,070, 2,145, 2,137) Homes 4-week running average: $431k ($432k, $427k, $437k) Condos 4-week running average: $243k ($235k, $236k, $241k) The end of December and beginning of January are typically the slowest weeks of the year for real estate in Edmonton, but we saw a bit of an uptick in sales this week. Our office is getting more requests than we can handle, which is not unusual but it is unusual at this time of year. I'm not suggesting this is a trend, probably just an anomaly, perhaps people are trying to take advantage of interest rates. I know of one listing that came on last week that went pending the same day; I know of plenty of other listings that have been on the market for a looooooooong time.

Good cheer, great hope and the best that the Christmas season has to offer for you and your family as you celebrate this time of togetherness. Merry Christmas! Posted by Liv Real Estate on December 23rd, 2016

5 Responses to Weekly Market Report, Dec. 23/16

I'm estimating one out of 500 properties are selling on Comfree in Edmonton. In a fair market 300 out 500 would sell. In a good market 450 out of 500 would sell. Looks like condo prices are going to come under heavy selling pressure as the vacancy rate rises in Edmonton.

Posted by Tony on Thursday, December 22nd, 2016 at 7:40pm

Hi Sara,

The active condo listings are incorrect 2,434 is the home listings numbers.

Posted by Frank on Thursday, December 22nd, 2016 at 10:33pm

Merry Christmas Sara! Thanks for maintaining this site as THE best source of info on Edmonton Real estate. Your efforts are appreciated, and I know it pays off by building your Liv brand as one of the most respected in our city. As a person who loves where he Livs, owns rental property, and has had a passion for real estate forbover a decade, i find your data and analysis both interesting and valuable. Here's to a healthy, happy and suvcesful 2017.

Posted by Trev on Saturday, December 24th, 2016 at 4:11am

Thanks for the very kind words Trev, hope you have a happy and successful 2017 as well!

Posted by Sara MacLennan on Tuesday, December 27th, 2016 at 4:23am

Thanks for catching that, I've corrected it.

Posted by Sara MacLennan on Tuesday, December 27th, 2016 at 4:53am

Weekly Market Report, Dec. 23/16

5 Responses to Weekly Market Report, Dec. 23/16

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