Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 235 (89,218, 237) # Sales: 113 (68, 158, 160) Ratio: 48% (76%, 72%, 68%) # Price Changes: 167 (71, 178, 236) # Expired/Off Market Listings: 720 (174, 306, 210) Net loss/gain in listings this week: -598 (-153, -246, -133) Active single family home listings: 2958 (3293, 3401, 3577) Active condo listings: 1762 (1983, 2031, 2068) Homes 4-week running average: $431k ($423k, $424k, $420k) Condos 4-week running average: $214k ($205k, $205k, $205k) (*Note, the graph legend will be updated shortly to show 2019, but the new numbers are still charted on graph(s) above). Have a great weekend:) Posted by Liv Real Estate on
The replacement cost of the resale townhouses is about 2 to 3 times what they sell for today. Edmonton should be promoted as a retirement destination because of the low cost of living as well as low taxes and no surtaxes or supersurtaxes.Posted by Tony on Monday, January 7th, 2019 at 8:29pm
Retirement destination ? Hell , there are so many places with lower cost of living and better climate .Posted by Andrii on Monday, January 7th, 2019 at 11:45pm
2 to 3 times replacement cost ??? How..... Like if one is for sale for 250k...it is built for 750?Posted by Leslie on Tuesday, January 8th, 2019 at 2:00am
Wow - condos seem to be in a free fall. Is this a buying opportunity, or is there more bad news to come?Posted by Smitty on Tuesday, January 8th, 2019 at 4:46am
Does anyone have any stats on the rental market in Edmonton? What do vacancy rates look like? This seems like it could be a time to buy and have some positive cashflow because of the low purchase price.
Thanks for all of this useful information!
Hi!Posted by Caroline on Friday, January 11th, 2019 at 1:12am
In a down real estate market, it would be nice to have access to the average/mean number of days on market to sell a house or condo. Just a thought...
Thanks for the suggestion - we include that information in our monthly reports.Posted by Sara MacLennan on Sunday, January 27th, 2019 at 6:09am
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