Weekly Market Update, Nov. 30/18

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 318 (355, 403, 404) # Sales: 195 (179, 211, 175) Ratio: 61% (50%, 52%, 43%) # Price Changes: 294 (316, 292, 365) # Expired/Off Market Listings: 241 (287, 307, 259) Net loss/gain in listings this week: -118 (-111, -115, -30) Active single family home listings: 3886 (3940, 3976, 4008) Active condo listings: 2177 (2218, 2220, 2271) Homes 4-week running average: $427k ($429k, $438k, $438k) Condos 4-week running average: $212k ($215k, $220k, $220k) Monthly stats come out tomorrow so I'll save the commentary for then :)

Have a great weekend! Posted by Liv Real Estate on November 30th, 2018

wow, condos drop doesn't seem to stop. Looks like a free fall every week.

Posted by a common guy on Thursday, November 29th, 2018 at 7:13pm

And….we ain't seen nothin' yet Common Guy. Listening to the news today re. Alberta, then all of Canada, and then the U.S. and all around Europe and Asia - very scary days ahead.

Posted by Rick on Thursday, November 29th, 2018 at 11:29pm

Condos will only fall so far due to rate increases.
Read Cmhc, Edmonton’s vacancy rate is dropping and rent is forecast to stay same and or increase.

Posted by Curtis on Friday, November 30th, 2018 at 1:05am

Don't discount the effect of the discount for WCS will have on employment and the overall economy in Alberta. There's only so many government jobs that they can create with the huge deficits that they are running.

Posted by Bill on Saturday, December 1st, 2018 at 9:06pm

Mmmmmm I don't think so Curtis. Fair bit of price give up to go yet on condos.

Posted by Stu on Sunday, December 2nd, 2018 at 8:39pm

Sure Curtis , or even more condos will be built ?" Rent is forecast " by CMHC ? Such an unbiased source .

Posted by Andrii on Sunday, December 2nd, 2018 at 10:08pm

Weekly Market Update, Nov. 30/18

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