Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 474 (458, 243, 89) # Sales: 179 (133, 107, 108) Ratio: 38% (29%, 44%, 121%) # Price Changes: 257 (196, 134, 77) # Expired/Off Market Listings: 187 (225, 661, 146) Net loss/gain in listings this week: 108 (100, -525, -165) Active single family home listings: 2562 (2491, 2406, 2682) Active condo listings: 1987 (1946, 1891, 2120) Homes 4-week running average: $426k ($406k, $419k, $419k) Condos 4-week running average: $222k ($227k, $238k, $239k) Well, I have no technological excuse for my late post this week, I simply forgot. Which is a first. I apologize for the delay getting the weekly stats up. It has certainly been an interesting week, with mortgage rates on the rise the new "stress test" becomes even harder to pass. The Bank of Canada also raised it's overnight rate this week. This is all likely to lead to a slow down in the real estate market, but we've certainly not felt it yet. Sales have started out the year well ahead of the past few, but there is often an increase when rates go up, as buyers move to take advantage of existing "rate holds." Have a great weekend! Posted by Liv Real Estate on
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Clearly, market is ready to sky rocket. Foreign money + immigration is going to be a boon here.

Buy now or miss the low prices, forever.

Posted by Mike on Thursday, January 18th, 2018 at 10:27pm

average for the condo last week wad 206k... now it is 227k..... what is true anymore?

Posted by bubu on Thursday, January 18th, 2018 at 11:18pm

What is true anymore? Lol. Learn to interpret numbers

Posted by Karlhungus on Friday, January 19th, 2018 at 1:07am

One of the units at Roseland Village sold last week. The owner was from Ontario. I hope they got 100 grand or more. My guess is $110,000.

Posted by Tony on Friday, January 19th, 2018 at 2:41am

The 80 story luxury condo and luxury hotel is going ahead in the Quarters! This is going to be one of the tallest towers not just in Canada, but in North America!

I've heard rumours that the condos will be around $1,400 a square foot, so we're approaching Manhattan prices!

Posted by Tom on Monday, January 22nd, 2018 at 8:21pm

With Bronx like views

Posted by Stu on Monday, January 22nd, 2018 at 8:39pm

They can list them for $5,000 a square foot. Doesn't mean they'll sell for that.

They'll be lucky to sell them for $100 a square foot.

Posted by GM on Thursday, January 25th, 2018 at 12:39am

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