Weekly Market Update, December, 18/20

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 220 (301, 322, 313) # Sales: 186 (188, 252, 232) Ratio: 85% (62%, 78%, 74%) # Price Changes: 135 (185, 223, 240) Expired/Off-Market Listings: 208 (193, 482, 172) Net loss/gain in listings this week: -174 (-80, -412, -91) Active single-family home listings: 2476 (2569, 2625, 2829) Active condo listings: 2007 (2052, 2055, 2222) Homes 4-week running average: $421k ($431k, $436k, $432k) Condos 4-week running average: $223k ($224k, $223k, $223k)

Have a great weekend! Posted by Liv Real Estate on December 18th, 2020

5 Responses to Weekly Market Update, December, 18/20

Why the sudden drop in SFH prices?

Posted by GM on Friday, December 18th, 2020 at 5:46am

Tony,
So a new home with a particular sq ft should be double the price of an older home with same sq ft?

Posted by GM on Saturday, December 19th, 2020 at 8:25pm

People who don't understand the replacement cost of a new home on a standard sized lot is about double the price of a single detached resale home in Edmonton. The rest of the country sees about a ten percent difference between resale and new, not so in Edmonton.

Posted by Tony on Sunday, December 20th, 2020 at 1:41am

Re: So a new home with a particular sq ft should be double the price of an older home with same sq ft?
Only in Edmonton and like I said the rest of the country sees about a 10 percent price difference between new and resale.

Posted by Tony on Wednesday, December 23rd, 2020 at 8:17pm

So I should be buying used homes in Edmonton.

Posted by GM on Saturday, December 26th, 2020 at 7:45pm

Weekly Market Update, December, 18/20

5 Responses to Weekly Market Update, December, 18/20

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