Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 644 (627, 672, 580) # Sales: 278 (294, 248, 173) Ratio: 43% (47%, 37%, 30%) # Price Changes: 455 (349, 386, 333) # Expired/Off Market Listings: 159 (195, 198, 318) Net loss/gain in listings this week: 207 (138, 226, 89) Active single family home listings: 3815 (3702, 3578, 3416) Active condo listings: 2761 (2682, 2638, 2560) Homes 4-week running average: $426k ($440k, $445k, $443k) Condos 4-week running average: $242k ($231k, $235k, $232k) With single-family inventory approaching record levels, it's not surprising to see so many price reductions and the average price on the decline. Have a great weekend!

341 Views, 8 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: 627 (672, 580, 594) # Sales: 294 (248, 173, 239) Ratio: 47% (37%, 30%, 40%) # Price Changes: 349 (386, 333, 342) # Expired/Off Market Listings: 195 (198, 318, 141) Net loss/gain in listings this week: 138 (226, 89, 214) Active single family home listings: 3702 (3578, 3416, 3341) Active condo listings: 2682 (2638, 2560, 2554) Homes 4-week running average: $440k ($445k, $443k, $438k) Condos 4-week running average: $231k ($235k, $232k, $233k) Have a great weekend!

330 Views, 5 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: 672 (580, 594, 606) # Sales: 248 (173, 239, 230) Ratio: 37% (30%, 40%, 38%) # Price Changes: 386 (333, 342, 306) # Expired/Off Market Listings: 198 (318, 141, 171) Net loss/gain in listings this week: 226 (89, 214, 205) Active single family home listings: 3578 (3416, 3341, 3242) Active condo listings: 2638 (2560, 2554, 2444) Homes 4-week running average: $445k ($443k, $438k, $431k) Condos 4-week running average: $235k ($232k, $233k, $235k) Holy new listings batman! Listing activity this month is well above the levels we saw in for the past few years, including April 2014 which isn't on the chart below. Inventory hasn't…

328 Views, 2 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: 580 (594, 606, 587) # Sales: 173 (239, 230, 210) Ratio: 30% (40%, 38%, 36%) # Price Changes: 333 (342, 306, 339) # Expired/Off Market Listings: 318 (141, 171, 173) Net loss/gain in listings this week: 89 (214, 205, 204) Active single family home listings: 3416 (3341, 3242, 3097) Active condo listings: 2560 (2554, 2444, 2346) Homes 4-week running average: $443k ($438k, $431k, $425k) Condos 4-week running average: $232k ($233k, $235k, $238k) I'm putting up my "spring" theme even though it's -20 outside... maybe the snow will disappear sometime this month... or maybe not. Have a great weekend!

338 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: 594 (606, 587, 557) # Sales: 239 (230, 210, 260) Ratio: 40% (38%, 36%, 47%) # Price Changes: 342 (306, 339, 285) # Expired/Off Market Listings: 141 (171, 173, 172) Net loss/gain in listings this week: 214 (205, 204, 125) Active single family home listings: 3341 (3242, 3097, 2949) Active condo listings: 2554 (2444, 2346, 2269) Homes 4-week running average: $438k ($431k, $425k, $429k) Condos 4-week running average: $233k ($235k, $238k, $239k) Looks like luxury sales are picking up - there were 13 sales over $1million in the past 30 days, including 3 over $2million. Monthly stats coming on Sunday so I'll leave it at…

318 Views, 0 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: 606 (587, 557, 665) # Sales: 230 (210, 260, 238) Ratio: 38% (36%, 47%, 36%) # Price Changes: 306 (339, 285, 281) # Expired/Off Market Listings: 171 (173, 172, 364) Net loss/gain in listings this week: 205 (204, 125, 63) Active single family home listings: 3242 (3097, 2949, 2860) Active condo listings: 2444 (2346, 2269, 2207) Homes 4-week running average: $431k ($425k, $429k, $438k) Condos 4-week running average: $235k ($238k, $239k, $237k) Have a great weekend!

342 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: 587 (557, 665, 457) # Sales: 210 (260, 238, 189) Ratio: 36% (47%, 36%, 41%) # Price Changes: 339 (285, 281, 206) # Expired/Off Market Listings: 173 (172, 364, 178) Net loss/gain in listings this week: 204 (125, 63, 90) Active single family home listings: 3097 (2949, 2860, 2778) Active condo listings: 2346 (2269, 2207, 2222) Homes 4-week running average: $425k ($429k, $438k, $444k) Condos 4-week running average: $238k ($239k, $237k, $235k) Have a great weekend!

330 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: 557 (665, 457, 452) # Sales: 260 (238, 189, 206) Ratio: 47% (36%, 41%, 46%) # Price Changes: 285 (281, 206, 250) # Expired/Off Market Listings: 172 (364, 178, 145) Net loss/gain in listings this week: 125 (63, 90, 101) Active single family home listings: 2949 (2860, 2778, 2743) Active condo listings: 2269 (2207, 2222, 2145) Homes 4-week running average: $429k ($438k, $444k, $442k) Condos 4-week running average: $239k ($237k, $235k, $234k) Have a great weekend.

340 Views, 27 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: 665 (457, 452, 511) # Sales: 238 (189, 206, 189) Ratio: 36% (41%, 46%, 37%) # Price Changes: 281 (206, 250, 197) # Expired/Off Market Listings: 364 (178, 145, 155) Net loss/gain in listings this week: 63 (90, 101, 167) Active single family home listings: 2860 (2778, 2743, 2688) Active condo listings: 2207 (2222, 2145, 2089) Homes 4-week running average: $438k ($444k, $442k, $456k) Condos 4-week running average: $237k ($235k, $234k, $225k) Quite a lively discussion on last week's post... I love the debate and the intelligent arguments that are brought up, and the constructive criticism, but the name calling, trolling, and…

345 Views, 17 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: 457 (452, 511, 461) # Sales: 189 (206, 189, 177) Ratio: 41% (46%, 37%, 38%) # Price Changes: 206 (250, 197, 215) # Expired/Off Market Listings: 178 (145, 155, 393) Net loss/gain in listings this week: 90 (101, 167, -109) Active single family home listings: 2778 (2743, 2688, 2571) Active condo listings: 2222 (2145, 2089, 2003) Homes 4-week running average: $444k ($442k, $456k, $443k) Condos 4-week running average: $235k ($234k, $225k, $222k) Looks like sales will be lower than last February when the monthly totals are calculated next week, perhaps single-family home prices have already peaked for this year? That would be…

359 Views, 45 Comments