Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New Listings: 434 (404, 424, 439)
Sales: 417 (368, 325, 311)
Ratio: 96% (91%, 77%, 71%)
Price Changes: 125 (132, 178, 190)
Expired/Off-Market Listings: 121 (99, 107, 258)
Net loss/gain in listings this week: -104 (-63, -8, -130)
Active single-family home listings: 1747 (1757, 1771, 1738)
Active condo listings: 1065 (1065, 1059, 1051)
Homes 4-week running average: $476 ($477, $465, $463)
Condos 4-week running average: $205 ($197, $206, $206)
Posted by Sara MacLennan on
What's going on with the condo market? Seasonal inventory seems really low, so shouldn't prices be higher?
Posted by JG on Friday, February 23rd, 2024 at 2:35pmAlmost record high sales yet record low condo prices? Lots of cheaper apartments sold?
Posted by Chuck Conroy on Friday, February 23rd, 2024 at 6:00pmHey,
Posted by Liv Real Estate on Monday, March 11th, 2024 at 12:53pmMy apologies for the delayed reply. We get so many fake/spammy comments that I sometimes miss the real ones. We are seeing higher demand for condos, but it tends to be in the lower price ranges.
The benchmark price is a much better indication of what is happening with the value of different property types. You can see the benchmark price and trends in our monthly update - https://www.livrealestate.ca/blog/february-2024-a-market-on-the-rise-sales-soar-52-in-greater-edmonton-real-estate.html
Apartment-style condo prices are on the rise for the first time in a long time, up about 5% year over year.
Leave A Comment