Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 580 (594, 606, 587) # Sales: 173 (239, 230, 210) Ratio: 30% (40%, 38%, 36%) # Price Changes: 333 (342, 306, 339) # Expired/Off Market Listings: 318 (141, 171, 173) Net loss/gain in listings this week: 89 (214, 205, 204) Active single family home listings: 3416 (3341, 3242, 3097) Active condo listings: 2560 (2554, 2444, 2346) Homes 4-week running average: $443k ($438k, $431k, $425k) Condos 4-week running average: $232k ($233k, $235k, $238k) I'm putting up my "spring" theme even though it's -20 outside... maybe the snow will disappear sometime this month... or maybe not. Have a great weekend! Posted by Liv Real Estate on
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It's snowing in Toronto as well, though the snow won't stay in the ground for too long.

Sunny now :)

Posted by Jason (Toronto) on Thursday, April 5th, 2018 at 9:30pm

I checked this blog looking for some insightful comments regarding the Weekly Market Update and all I am seeing is the "old man" talk about weather.... l guess since the numbers speak for themselves, even Tom is silent.

Posted by Reggie on Friday, April 6th, 2018 at 9:34pm

It's interesting; I figured that condos would be more resilient than SFH because the marginal SFH folks would have to retreat to condos, but that sure doesn't look like that's the case. Or maybe a few expensive properties are distorting the SFH mean, I don't know...

Posted by Anonymous on Friday, April 6th, 2018 at 9:43pm

Global warming could be a joke.

Posted by Sharon on Saturday, April 7th, 2018 at 2:49am

Global warming could be a joke, same as many other things.

Posted by Sharon on Saturday, April 7th, 2018 at 2:50am

Condos in the long run will lose money in every city in Canada especially in Edmonton. The rule of real estate will always be condos lose money.

Posted by Tony on Saturday, April 7th, 2018 at 11:21pm

Is that in the same bucket as the rule that stipulates you shouldn't swim for an hour after eating or you will drown?

Posted by Stu on Sunday, April 8th, 2018 at 2:53am

Sometimes you have to slow down and smell the roses.

Investment is just a small part of life, enjoy it while you still can.

'old man' eh, yes I'm

Posted by Jason (Toronto) on Sunday, April 8th, 2018 at 3:04am

Land will always have more value, so houses will always perform better than condos. And we're seeing that now, with houses at the highest level they've been at in years for this time of year. And condos dropping off a cliff.

Posted by Tom on Sunday, April 8th, 2018 at 5:21am

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