Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 511 (461, 459, 474) # Sales: 189 (177, 174, 179) Ratio: 37% (38%, 38%, 38%) # Price Changes: 197 (215, 212, 257) # Expired/Off Market Listings: 155 (393, 163, 187) Net loss/gain in listings this week: 167 (-109, 122, 108) Active single family home listings: 2688 (2571, 2632, 2562) Active condo listings: 2089 (2003, 2042, 1987) Homes 4-week running average: $456k ($443k, $429k, $426k) Condos 4-week running average: $225k ($222k, $226k, $222k) There have been 16 sales of single-family homes over $1million in the past 30 days, which explains at least in part, the drastic increase in the average price this week. Posted by Liv Real Estate on
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Nice looking price chart anyway.

Posted by GM on Thursday, February 8th, 2018 at 10:06pm

I wonder how many of those million+ dollar homes were owners bailing because they can't afford a 1/2 percent more on their mortgage payment.

Posted by arfmoocat on Thursday, February 8th, 2018 at 11:12pm

the pre-approved mortgages in December will be for 90 days so we will see prices like these for another 45 days...

Posted by bubu on Thursday, February 8th, 2018 at 11:13pm

People are becoming confident enough in Edmonton's real estate market to buy $1 million+ homes, which is a great sign. Alberta led the economy in January for new jobs, so that makes sense.

Posted by Tom on Thursday, February 8th, 2018 at 11:28pm

I wouldn't pay any attention to average price right now, the real story is that sales have flatlined while listings soar.

Clearly a buyer's market for the foreseeable future.

Posted by GPC on Friday, February 9th, 2018 at 5:15am

cat, why are you so bitter and think everybody is so poor and worthless?

Posted by a common guy on Saturday, February 10th, 2018 at 12:06am

Why Calgary has about 30% more sales a week than Edmonton? Do they have 30% more people?

Posted by bubu on Sunday, February 11th, 2018 at 11:59pm

End of March... party's over.

Posted by GM on Wednesday, February 14th, 2018 at 6:11am

If you have a house in Belgravia sell it quick :)

Posted by bubu on Thursday, February 15th, 2018 at 3:07am

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