Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 716 (738, 787, 683) # Sales: 325 (328, 271, 335) Ratio: 45% (44%, 34%, 49%) # Price Changes: 632 (570, 567, 584) # Expired/Off Market Listings: 299 (227, 437, 195) Net loss/gain in listings this week: 92 (227, 79, -42) Active single family home listings: 4640 (4568, 4483, 4340) Active condo listings: 3148 (3135, 3033, 2944) Homes 4-week running average: $440k ($443k, $444k, $448k) Condos 4-week running average: $231k ($237k, $245k, $243k) If you can't find what you're looking for with this many listings on the market, it might not exist. Have a good weekend! Posted by Liv Real Estate on
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I would change your closing remarks to " If you don't lower the price enough and the interest rate goes up even more or a recession will hit soon due to the trade war you will have to lower even more to sell"... how about that Sara? The inventory is not a problem to not find a house... It is the prices.. .7-800k for skinny? hahahaha... many will regret f they buy at these prices....

Posted by bubu on Thursday, June 21st, 2018 at 11:44pm

Bubu, unless you're looking in the ghetto, you're not finding a $700k detached infill.

Posted by Tom on Friday, June 22nd, 2018 at 2:49am

bubu ... How can you say things like that. We live in the land of New Democrats and Liberals where there are no bad things only good things ... things always turn out well, you just need the government to spend more money and raise more taxes. Oh, and by all means listen carefully to the Real Estate Barons and Gurus for they and the Governors armed with inflation shall lead us to the promised land. Buy Buy Buy, damn the prices, full steam ahead.

bubu turn away from the dark side and face directly into that blinding light emanating from our fearless leaders ... Justin and Rachel ... and you shall be rewarded., Throw enough salt and pepper and even Crow ain't so bad.

May the Farce be with you.

Posted by Barista Bob on Friday, June 22nd, 2018 at 2:54am

Tom . you should one time to travel to Europe to realise that 90 % of houses in Edmonton looks like ghetto .

Posted by Andrii on Friday, June 22nd, 2018 at 5:18am

We were pre approved the beginning of june. Would like to pull the trigger and get a detached house,
but cannot seem to do it with so much economic uncertainty,global and domestic.

While doing some research, I came across an article that used Calgary as an example iirc. It stated:

average wage 2000: $25.00/hr
average detached home price: $188k

average wage 2018: $30.00/hr
average detached home price: 500k

I make well over $30/hr, the wife makes $25/hr, we have 0 debt, and the current house prices are still scary. Unless you want to buy
a fixer upper in a sketchy neighbourhood for $250k+.

Posted by Dan on Saturday, June 23rd, 2018 at 6:02am

183 new listings (ONE day or less) on at the time of writing. The are just the homes EXCLUDING the townhouses and apartments!!!!!!!!!!!!

Posted by Tony on Saturday, June 23rd, 2018 at 7:37am

For the same square footage, SF home prices in Edmonton are same as Vancouver suburbs like Langley.

Difference is here you enjoy -40C and a perpetual winter.

Posted by Mike on Saturday, June 23rd, 2018 at 8:57pm

Edmonton's climate may not be the greatest, but it's the price you pay to live in the greatest province on earth, where opportunities are endless, and anyone can succeed if they want it bad enough. That's why our population is growing.

Posted by Tom on Monday, June 25th, 2018 at 3:56am

Just wait for PCs to come to power and slash public workers and their salaries.

I heard 5% cut is on the block with potentially 10%.

Posted by Mike on Monday, June 25th, 2018 at 8:57pm

The public sector is unionized. They can't unilaterally cut salaries, which the union won't agree to.

Posted by Tom on Thursday, June 28th, 2018 at 5:10am

They could cut the number of public sector workers by 50% and nobody would notice.

Posted by GM on Friday, June 29th, 2018 at 7:23am

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