Weekly Market Update Feb.19/21

Hi Sara,

How is the sold date for a property determined in your stats? Is it the day conditions are removed? Just trying to figure out the effect of the extreme cold on sales figures- I’m assuming fewer offers were made in minus 30, so allowing for an average of 7-14 days for conditions to come off, this would mean that we likely won’t see as many solds reported for the next 1-2 weeks even if activity picks up now the weather has gone back to normal.

Is that a correct assumption?

Hey,
Yes, that is a correct assumption. A listing is reported sold when all conditions are removed. The number of showings slowed down during the deep freeze, however, buyers that are out looking at -30 are typically pretty serious. It's hard to believe sales are so far ahead of the last few years.

Liv, you posted the listings & sales graph twice, and didn't post the average sale price graph.

Sara the charts are the same.
You're missing the price chart.

Thanks for pointing that out and sorry... I've corrected it now.

Thanks for pointing that out and sorry... I've corrected it now.

SFH prices down two weeks in a row.
What the heck...?
Everywhere else in the country prices are skyrocketing

https://www.creb.com/Housing_Statistics/Daily_Housing_Summary/

Is there anything like this in Edmonton, that shows daily stats.