Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 609 (666, 659, 644) # Sales: 335 (323, 328, 315) Ratio: 55% (48%, 50%, 49%) # Price Changes: 443 (485, 489, 523) # Expired/Off Market Listings: 186 (240, 229, 207) Net loss/gain in listings this week: 88 (103, 102, 122) Active single family home listings: 3,586 (3,532, 3,455, 3,393) Active condo listings: 3,093 (3055, 3,017, 2,963) Homes 4-week running average: $455k ($449k, $450k, $440k) Condos 4-week running average: $257k ($245k, $253k, $252k) Would you look at that! Average single family home price at $454,785 while inventory extremely high. Monthly stats tomorrow! As requested, condo inventory: Happy Canada Day!!!! Posted by Liv Real Estate on
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Setting new price records! I think next spring/summer is when the next huge leg up in price appreciation will be.

Posted by Tom on Thursday, June 29th, 2017 at 9:47pm

New all time high prices!!! Here we go!!!

Posted by GM on Thursday, June 29th, 2017 at 9:51pm

Tom, you win! All time high!

Tony, your predictions fail unfortunately!

Posted by Wally on Thursday, June 29th, 2017 at 9:53pm

May I know what's the median prices? Any high outliers that would have skewed the average price upwards?

Posted by Vince on Thursday, June 29th, 2017 at 10:05pm

What do you mean next spring?! It already started. By the end of the year don't be surprised to see an average price around $570k

Posted by Wally on Thursday, June 29th, 2017 at 10:10pm

Sorry I mean 470k and not 570k

Posted by Wally on Thursday, June 29th, 2017 at 10:12pm

I wonder how Calgary is doing.
Anyone know?

Posted by GM on Friday, June 30th, 2017 at 1:17am

The market is soft its just more bigger homes selling bumping the average. Price changes are greater than sold. Next year could be better oil needs to be $55.

Posted by Vault on Friday, June 30th, 2017 at 2:51am

Hot! The median is 5% up

Posted by Wally on Friday, June 30th, 2017 at 3:15am

Hey Vince, I publish the median in the monthly stats, the most recent ones are here: https://www.livrealestate.ca/blog/2017/07/single-family-homes-reach-record-price-in-edmonton-in-june.html

Posted by Sara MacLennan on Sunday, July 2nd, 2017 at 4:56am

Apart from the "All time" high in price for single family homes.........its looking a lot like 2008. Oh Oh!!!!

Posted by Calum on Tuesday, July 4th, 2017 at 2:47am

Inventory is building at least twice as fast as Edmonton... roadkill with no light at the end of the tunnel maybe for generations to come.

Posted by Tony on Thursday, July 6th, 2017 at 1:20am

Try selling a house, townhouse or an apartment and you'll find out what where the real reality is. Fact is resale condos and resale townhouses are down fifty percent or more from their 2007 peak. Single detached homes have fared a lot better the last ten years but now are following the slide in condo and townhouses prices. It's a long way down for detached home prices.

Posted by Tony on Thursday, July 6th, 2017 at 1:25am

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