New Listings: 536 (465, 524, 573) # Sales: 246 (237, 274, 255) Ratio: 46% (51%, 52%, 45%) # Price Changes: 469 (478, 519, 512) # Expired/Off Market Listings: 624 (234, 305, 253) Net loss/gain in listings this week: -334 (-6, -55, 65) Active single family home listings: 3617 (3746, 3735, 3734) Active condo listings: 2711 (2897, 2888, 2922) Homes 4-week running average: $421k ($427k, $430k, $435k) Condos 4-week running average: $250k ($253k, $250k, $245k) The single family average price chart is starting to look a bit like the "Matterhorn." I'll be keeping an eye on inventory over the coming weeks and we'll see where things go. Have a great weekend!  

364 Views, 40 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 465 (524, 573, 552) # Sales: 237 (274, 255, 216) Ratio: 51% (52%, 45%, 39%) # Price Changes: 478 (519, 512, 466) # Expired/Off Market Listings: 234 (305, 253, 565) Net loss/gain in listings this week: -6 (-55, 65, -229) Active single family home listings: 3746 (3735, 3734, 3683) Active condo listings: 2897 (2888, 2922, 2875) Homes 4-week running average: $427k ($430k, $435k, $436k) Condos 4-week running average: $253k ($250k, $245k, $246k) Inventory continues to climb - condo inventory has been at a 9 year high (or longer) for some time now, and single family homes just edged up over 2008 levels last week. Condo inventory…

362 Views, 19 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 524 (573, 552, 509) # Sales: 274 (255, 216, 261) Ratio: 52% (45%, 39%, 51%) # Price Changes: 519 (512, 466, 428) # Expired/Off Market Listings: 305 (253, 565, 550) Net loss/gain in listings this week: -55 (65, -229, -302) Active single family home listings: 3735 (3734, 3683, 3649) Active condo listings: 2888 (2922, 2875, 2866) Homes 4-week running average: $430k ($435k, $436k, $437k) Condos 4-week running average: $250k ($245k, $246k, $247k) Have a great weekend!

348 Views, 7 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 573 (552, 509, 500) # Sales: 255 (216, 261, 267) Ratio: 45% (39%, 51%, 53%) # Price Changes: 512 (466, 428, 510) # Expired/Off Market Listings: 253 (565, 550, 224) Net loss/gain in listings this week: 65 (-229, -302, 9) Active single family home listings: 3734 (3683, 3649, 3780) Active condo listings: 2922 (2875, 2866, 3012) Homes 4-week running average: $435k ($436k, $437k, $437k) Condos 4-week running average: $245k ($246k, $247k, $245k) Two must-read articles from the past week: Why a Strong Loonie and Higher Interest Rates Couldn't Come at a Worse Time (for Alberta) and How Increasing Interest Rates will Cause Housing…

478 Views, 16 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 552 (509, 500, 571) # Sales: 216 (261, 267, 252) Ratio: 39% (51%, 53%, 44%) # Price Changes: 466 (428, 510, 485) # Expired/Off Market Listings: 565 (550, 224, 272) Net loss/gain in listings this week: -229 (-302, 9, 47) Active single family home listings: 3683 (3649, 3780, 3776) Active condo listings: 2875 (2866, 3012, 2984) Homes 4-week running average: $436k ($437k, $437k, $441k) Condos 4-week running average: $246k ($247k, $245k, $247k) So they raised rates again this week, and "the biggest [mortgage] rule change" of all time may be coming our way in the near future. “It could be the biggest rule change of all-time,”…

337 Views, 22 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 509 (500, 571, 549) # Sales: 261 (267, 252, 236) Ratio: 51% (53%, 44%, 43%) # Price Changes: 428 (510, 485, 402) # Expired/Off Market Listings: 550 (224, 272, 235) Net loss/gain in listings this week: -302 (9, 47, 78) Active single family home listings: 3649 (3780, 3776, 3728) Active condo listings: 2866 (3012, 2984, 2956) Homes 4-week running average: $437k ($437k, $441k, $443k) Condos 4-week running average: $247k ($245k, $247k, $253k) Working on the monthly stats now, will have more details there. Happy Labour Day Weekend!!

359 Views, 11 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 500 (571, 549, 596) # Sales: 267 (252, 236, 290) Ratio: 53% (44%, 43%, 49%) # Price Changes: 510 (485, 402, 502) # Expired/Off Market Listings: 224 (272, 235, 458) Net loss/gain in listings this week: 9 (47, 78, -152) Active single family home listings: 3780 (3776, 3728, 3662) Active condo listings: 3012 (2984, 2956, 2942) Homes 4-week running average: $437k ($441k, $443k, $438k) Condos 4-week running average: $245k ($247k, $253k, $261k) Looks like single family home inventory may hit a new record high in the coming weeks. Inventory is a leading indicator for prices, numbers this high suggests prices will be coming down…

345 Views, 46 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 571 (549, 596, 528) # Sales: 252 (236, 290, 309) Ratio: 44% (43%, 49%, 59%) # Price Changes: 485 (402, 502, 468) # Expired/Off Market Listings: 272 (235, 458, 227) Net loss/gain in listings this week: 47 (78, -152, -8) Active single family home listings: 3776 (3728, 3662, 3702) Active condo listings: 2984 (2956, 2942, 3062) Homes 4-week running average: $441k ($443k, $438k, $443k) Condos 4-week running average: $247k ($253k, $261k, $270k) Here's some interesting predictions on Edmonton and Calgary's real estate markets, citing increased demand and good opportunites for investment in both cities. Have a great weekend!

371 Views, 18 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 549 (596, 528, 570) # Sales: 236 (290, 309, 317) Ratio: 43% (49%, 59%, 56%) # Price Changes: 402 (502, 468, 424) # Expired/Off Market Listings: 235 (458, 227, 197) Net loss/gain in listings this week: 78 (-152, -8, 56) Active single family home listings: 3728 (3662, 3702, 3664) Active condo listings: 2956 (2942, 3062, 3078) Homes 4-week running average: $443k ($438k, $443k, $443k) Condos 4-week running average: $253k ($261k, $270k, $267k) Inventory normally comes down at this time of year, and while condo inventory appears to have started a downward trend, it's still at a record high, and single family inventory continues…

357 Views, 24 Comments

Read Full Post

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 596 (528, 570, 693) # Sales: 290 (309, 317, 322) Ratio: 49% (59%, 56%, 46%) # Price Changes: 502 (468, 424, 530) # Expired/Off Market Listings: 458 (227, 197, 233) Net loss/gain in listings this week: -152 (-8, 56, 138) Active single family home listings: 3662 (3702, 3664, 3627) Active condo listings: 2942 (3062, 3078, 3,045) Homes 4-week running average: $438k ($443k, $443k, $445k) Condos 4-week running average: $261k ($270k, $267k, $270) Have a great weekend!

379 Views, 12 Comments

Read Full Post