Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 535 (570, 577, 516) # Sales: 264 (255, 227, 224) Ratio: 49% (45%, 39%, 43%) # Price Changes: 262 (258, 275, 219) # Expired/Off Market Listings: 142 (163, 322, 124) Net loss/gain in listings this week: 129 (152, 28, 168) Active single family home listings: 2,670 (2,582, 2,510, 2,479) Active condo listings: 2,217 (2,188, 2,113, 2,100) Homes 4-week running average: $437k ($436k, $425k, $418k) Condos 4-week running average: $234k ($238k, $231k, $240k) Two condos have sold for over $1million this month, which is not a common occurence in Edmonton, at the same time, 11 have sold for under $100k including a few under $40k. Have a great weekend! Posted by Liv Real Estate on
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The trend continues to indicate stability- that is very welcome news. Good to see this consistency holding week after week and almost done the first quarter of the year. Should lead to a healthy, balanced spring market. Inventory still high according to the last monthly numbers, but it's great to see sales and listing finding equilibrium. Steady as she goes! Which, for a province just emerging from a deep (8% GDP drop over two calendar years) recession is a good start.

Posted by Trev on Thursday, March 16th, 2017 at 8:20pm

I have a hard time believing you can buy a condo in Edmonton for under 40K - was it a mobile home?. Even 100K is low.

Posted by birdlady on Friday, March 17th, 2017 at 12:00am

The last time the Edmonton real estate market bottomed in 2009 one bedroom condos were selling at 50K.

Posted by Tony on Sunday, March 19th, 2017 at 1:28am

Were the lower priced apartments sold as a whole building? A crappy 10 unit building selling for $800k is not news.

Posted by wsn on Sunday, March 19th, 2017 at 6:05am

A few under $40k!? What kinda condo are these and where?
Tony you should buy one.

Posted by Wally on Sunday, March 19th, 2017 at 7:27am

I wouldn't be buying anything to do with real estate in Canada only selling it before the budget this Wednesday. Time will tell how many Chinese leave Canada after the Wednesday budget speech. I'm short the Canadian dollar in the futures market. Trudeau has it all figured out, he taxes capital gains a fifty percent bump to 75 percent but not principle residences. The public will take time to fathom this one but I already have. Everyone sells rented properties (after the fact, the feeble public were too stupid to sell before the budget) and the public floods into buying principle residences to avoid all increases in capital gains tax pushing up prices to the stratosphere in Toronto and Vancouver.

Posted by Tony on Sunday, March 19th, 2017 at 7:40am

Tony, it's Wednesday already. How many real properties did you sell?

Posted by wsn on Wednesday, March 22nd, 2017 at 5:25am

Utter nonsense. Tony is a troll. Can't even spell or write a sentence. Don't feed it.

Posted by a common guy on Wednesday, March 22nd, 2017 at 6:51am

I sold off everything before the 4:00pm budget all except one townhouse in Edmonton. Edmonton is illiquid unlike other cities where you can sell a house the same day you list in multiple offers.

Posted by Tony on Thursday, March 23rd, 2017 at 6:00am

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