Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 528 (403, 450, 476) # Sales: 179 (144, 138, 143) Ratio: 36% (31%, 30%, 27%) # Price Changes: 221 (233, 208, 286) # Expired/Off Market Listings: 428 (370, 174, 241) Net loss/gain in listings this week: -79 (-111, 138, 92) Active single family home listings: 3194 (3141, 3198, 3073) Active condo listings: 1910 (1850, 1892, 1858) Homes 4-week running average: $397k ($392k ($401k, $403k) Condos 4-week running average: $206k ($213k, $215k, $213k) Have a great weekend! Posted by Liv Real Estate on
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I think you have a typo for new listings. If not we are in trouble, lol

Posted by birdlady on Thursday, February 7th, 2019 at 9:52pm

Why are condo averages still so high? You can get decent condos now for $120,000 near downtown.

Posted by Tom on Friday, February 8th, 2019 at 1:03am

It still costs twice as much to rent than it costs to own a resale townhouse or resale apartment. I can't see resale prices falling much further unless everyone leaves the city. Interest rates are headed downward not upward so the rest of Canada might pull Alberta real estate upward with it.

Posted by Tony on Friday, February 8th, 2019 at 8:09pm

Did the Sky Condos drop in price Tom?

Posted by Wally on Saturday, February 9th, 2019 at 3:11am

Yeah if you don't mind getting stabbed.

Posted by GM on Saturday, February 9th, 2019 at 6:08am

Tony, Where are you renting? Because the condo I rent (desirable neighbourhood and street) it would cost 50% more to own that rent. In fact I’m ahead by well over 50k by renting the last couple years between declining condo prices and the cost difference between owning and renting.

Posted by Still employed on Saturday, February 9th, 2019 at 7:32pm

That was pretty much the mindset in the US ten years back when you could buy a pretty nice 1200 squ ft bungalow for around 80,000 in most of the major cities.

Posted by Rick on Saturday, February 9th, 2019 at 10:47pm

Tony , tell to my friend , he just lost more then 40 k on downtown condo . Interest rate are headed downward ? It was mistake to legalize pot.

Posted by Andrii on Sunday, February 10th, 2019 at 5:57am

Yep, sorry about that and sorry about the delay fixing it... was in transit all weekend.

Posted by Sara MacLennan on Monday, February 11th, 2019 at 5:00am

Last month there were a bunch of cheaper single family houses for sale under $150k in the scummy area north of downtown, now there are only two. I'm curious if these listings just expired or if these properties actually sold. A few appeared to be foreclosures (as is, where is).

Side note: I remember years back when the cheapest single family home in Edmonton was $245k (I think it was around 2009), and the foundation was clearly having issues. Things sure have changed.

Posted by Taraz on Monday, February 11th, 2019 at 7:37pm

lol what a great analysis

Posted by Karlhungus on Monday, February 11th, 2019 at 10:33pm

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