Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 692 (594, 631, 716) # Sales: 284 (270, 314, 325) Ratio: 41% (45%, 50%, 45%) # Price Changes: 566 (547, 312, 632) # Expired/Off Market Listings: 519 (519, 258, 299) Net loss/gain in listings this week: 322 (-195, 59, 92) Active single family home listings: 4700 (4628, 4696, 4640) Active condo listings: 3049 (3029, 3142, 3148) Homes 4-week running average: $449k ($439k, $442k, $440k) Condos 4-week running average: $238k ($238, $243k, $231k) The Bank of Canada raised rates yesterday, the fourth increase over the last 12 months and the first time the rate has been this high since December 2008. If you have a variable rate…

347 Views, 11 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 594 (631, 716, 738) # Sales: 270 (314, 325, 328) Ratio: 45% (50%, 45%, 44%) # Price Changes: 547 (312, 632, 570) # Expired/Off Market Listings: 519 (258, 299, 227) Net loss/gain in listings this week: -195 (59, 92, 227) Active single family home listings: 4628 (4696, 4640, 4568) Active condo listings: 3029 (3142, 3148, 3135) Homes 4-week running average: $439k ($442k, $440k, $443k) Condos 4-week running average: $238 ($243k, $231k, $237k) Not only do buyers have plenty to choose from in Edmonton right now, they have some of the lowest closing costs in the country. Have a great weekend!  

396 Views, 12 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 631 (716, 738, 787) # Sales: 314 (325, 328, 271) Ratio: 50% (45%, 44%, 34%) # Price Changes: 312 (632, 570, 567) # Expired/Off Market Listings: 258 (299, 227, 437) Net loss/gain in listings this week: 59 (92, 227, 79) Active single family home listings: 4696 (4640, 4568, 4483) Active condo listings: 3142 (3148, 3135, 3033) Homes 4-week running average: $442k ($440k, $443k, $444k) Condos 4-week running average: $243k ($231k, $237k, $245k) Have a great weekend!

329 Views, 4 Comments

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!

339 Views, 11 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 738 (787, 683, 599) # Sales: 328 (271, 335, 271) Ratio: 44% (34%, 49%, 45%) # Price Changes: 570 (567, 584, 507) # Expired/Off Market Listings: 227 (437, 195, 237) Net loss/gain in listings this week: 227 (79, -42, 133) Active single family home listings: 4568 (4483, 4340, 4342) Active condo listings: 3135 (3033, 2944, 2990) Homes 4-week running average: $443k ($444k, $448k, $449k) Condos 4-week running average: $237k ($245k, $243k, $253k) Inventory continues to climb! The national HPI Index has been updated to include May's benchmarks; you can easily see how Calgary and Edmonton have basically done the opposite of…

376 Views, 14 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 787 (683, 599, 765) # Sales: 271 (335, 271, 346) Ratio: 34% (49%, 45%, 33%) # Price Changes: 567 (584, 507, 569) # Expired/Off Market Listings: 437 (195, 237, 194) Net loss/gain in listings this week: 79 (-42, 133, 182) Active single family home listings: 4483 (4340, 4342, 4256) Active condo listings: 3033 (2944, 2990, 2932) Homes 4-week running average: $444k ($448k, $449k, $436k) Condos 4-week running average: $245k ($243k, $253k, $247k) Single-family home inventory has now hit a 9-year high in Edmonton and condo inventory is getting close. Based on the number of new listings and price reductions, sellers are doing…

366 Views, 9 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 683 (599, 765, 832) # Sales: 335 (271, 346, 275) Ratio: 49% (45%, 33%, 38%) # Price Changes: 584 (507, 569, 536) # Expired/Off Market Listings: 195 (237, 194, 399) Net loss/gain in listings this week: -42 (133, 182, 363) Active single family home listings: 4340 (4342, 4256, 4109) Active condo listings: 2944 (2990, 2932, 2888) Homes 4-week running average: $448k ($449k, $436k, $425k) Condos 4-week running average: $243k ($253k, $247k, $243K) Have a great weekend!

346 Views, 7 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 599 (765, 832, 781) # Sales: 271 (346, 275, 296) Ratio: 45% (45%, 33%, 38%) # Price Changes: 507 (569, 536, 399) # Expired/Off Market Listings: 195 (237, 194, 399) Net loss/gain in listings this week: 133 (182, 363, 86) Active single family home listings: 4342 (4256, 4109, 3898) Active condo listings: 2990 (2932, 2888, 2754) Homes 4-week running average: $449k ($436k, $425k, $417k) Condos 4-week running average: $253k ($247k, $243K, $228k) I thought this article was a good read this week, about the pricing trends in Edmonton. The benchmark price for single family homes in Edmonton is up 4.2% over 5 years, compared to…

336 Views, 16 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 765 (832, 781, 644) # Sales: 346 (275, 296, 278) Ratio: 45% (33%, 38%, 43%) # Price Changes: 569 (536, 399, 455) # Expired/Off Market Listings: 237 (194, 399, 159) Net loss/gain in listings this week: 182 (363, 86, 207) Active single family home listings: 4256 (4109, 3898, 3815) Active condo listings: 2932 (2888, 2754, 2761) Homes 4-week running average: $436k ($425k, $417k, $426k) Condos 4-week running average: $247k ($243K, $228k, $242k) Single family inventory continues to climb... there's certainly lots to choose from! Have a great weekend!

351 Views, 4 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 832 (781, 644, 627) # Sales: 275 (296, 278, 294) Ratio: 33% (38%, 43%, 47%) # Price Changes: 536 (399, 455, 349) # Expired/Off Market Listings: 194(399, 159, 195) Net loss/gain in listings this week: 363 (86, 207, 138) Active single family home listings: 4109 (3898, 3815, 3702) Active condo listings: 2888 (2754, 2761, 2682) Homes 4-week running average: $425k ($417k, $426k, $440k) Condos 4-week running average: $243K ($228k, $242k, $231k) According to my records, this week had the second highest number of new listings since at least 2007 (when I started doing the weekly updates). So more of the same is coming, higher…

349 Views, 16 Comments