Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 644 (627, 672, 580)
# Sales: 278 (294, 248, 173)
Ratio: 43% (47%, 37%, 30%)
# Price Changes: 455 (349, 386, 333)
# Expired/Off Market Listings: 159 (195, 198, 318)
Net loss/gain in listings this week: 207 (138, 226, 89)
Active single family home listings: 3815 (3702, 3578, 3416)
Active condo listings: 2761 (2682, 2638, 2560)
Homes 4-week running average: $426k ($440k, $445k, $443k)
Condos 4-week running average: $242k ($231k, $235k, $232k)
With single-family inventory approaching record levels, it's not surprising to see so many price reductions and the average price on the decline.
Have a great weekend!
Posted by Liv Real Estate
on
I think the 5 year mortgage rate will also affect price soon... TD and RBC increased their qualifying rate already....
Posted by bubu
on Thursday, April 26th, 2018 at 11:09pm
old school.. everybody's using crypto now not cash....
Posted by bubu
on Friday, April 27th, 2018 at 8:29pm
lol
Posted by Anonymous
on Friday, April 27th, 2018 at 8:29pm
That was directed at Tony, btw.
Posted by Anonymous
on Friday, April 27th, 2018 at 8:30pm
Interesting statement Tony, "almost anyone can just pay cash for a house" - did you mean Chinese drug cartel? I hear about many Edmontonians who are trying to get approved for mortgage and are being rejected by banks.
Posted by Reggie
on Saturday, April 28th, 2018 at 12:48am
It will in cities were the average home is well over one million dollars but it shouldn't affect Edmonton because almost anyone can just pay cash for a house.
Posted by Tony
on Saturday, April 28th, 2018 at 6:11am
That's a years worth of rent that houses took this week
Posted by arfmoocat
on Monday, April 30th, 2018 at 3:22am
The prices are so low almost anyone can pay out of pocket. Why take out a mortgage if you don't need to?
8 Responses to Weekly Market Update, April 27/18
I think the 5 year mortgage rate will also affect price soon... TD and RBC increased their qualifying rate already....
Posted by bubu on Thursday, April 26th, 2018 at 11:09pmold school.. everybody's using crypto now not cash....
Posted by bubu on Friday, April 27th, 2018 at 8:29pmlol
Posted by Anonymous on Friday, April 27th, 2018 at 8:29pmThat was directed at Tony, btw.
Posted by Anonymous on Friday, April 27th, 2018 at 8:30pmInteresting statement Tony, "almost anyone can just pay cash for a house" - did you mean Chinese drug cartel? I hear about many Edmontonians who are trying to get approved for mortgage and are being rejected by banks.
Posted by Reggie on Saturday, April 28th, 2018 at 12:48amIt will in cities were the average home is well over one million dollars but it shouldn't affect Edmonton because almost anyone can just pay cash for a house.
Posted by Tony on Saturday, April 28th, 2018 at 6:11amThat's a years worth of rent that houses took this week
Posted by arfmoocat on Monday, April 30th, 2018 at 3:22amThe prices are so low almost anyone can pay out of pocket. Why take out a mortgage if you don't need to?
Posted by Tony on Friday, May 4th, 2018 at 6:35amLeave A Comment