Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 528 (570, 693, 646) # Sales: 309 (317, 322, 276) Ratio: 59% (56%, 46%, 43%) # Price Changes: 468 (424, 530, 470) # Expired/Off Market Listings: 227 (197, 233, 501) Net loss/gain in listings this week: -8 (56, 138, -131) Active single family home listings: 3702 (3664, 3627, 3517) Active condo listings: 3062 (3078, 3,045, 3,028) Homes 4-week running average: $443k ($443k, $445k, $457k) Condos 4-week running average: $270k ($267k, $270, $262k) There was some discussion on last week's post about the mortgage rules tightening, so I thought I'd put a link to an article that describes the proposed changes well. Basically,…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 570 (693, 646, 609) # Sales: 317 (322, 276, 335) Ratio: 56% (46%, 43%, 55%) # Price Changes: 424 (530, 470, 443) # Expired/Off Market Listings: 197 (233, 501, 186) Net loss/gain in listings this week: 56 (138, -131, 88) Active single family home listings: 3664 (3627, 3517, 3,586) Active condo listings: 3078 (3,045, 3,028, 3,093) Homes 4-week running average: $443k ($445k, $457k, $455k) Condos 4-week running average: $267k ($270, $262k, $257k) The inventory just keeps on climbing! Have a great weekend!

346 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: 693 (646, 609, 666) # Sales: 322 (276, 335, 323) Ratio: 46% (43%, 55%, 48%) # Price Changes: 530 (470, 443, 485) # Expired/Off Market Listings: 233 (501, 186, 240) Net loss/gain in listings this week: 138 (-131, 88, 103) Active single family home listings: 3627 (3517, 3,586, 3,532) Active condo listings: 3,045 (3,028, 3,093, 3055) Homes 4-week running average: $445k ($457k, $455k, $449k) Condos 4-week running average: $270 ($262k, $257k, $245k) So, mortgage rates went up, as expected. The major banks all followed suit, increased their posted rates by .25% this week. What does it mean for real estate in Edmonton? Probably…

384 Views, 25 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: 646 (609, 666, 659) # Sales: 276 (335, 323, 328) Ratio: 43% (55%, 48%, 50%) # Price Changes: 470 (443, 485, 489) # Expired/Off Market Listings: 501 (186, 240, 229) Net loss/gain in listings this week: -131 (88, 103, 102) Active single family home listings: 3517 (3,586, 3,532, 3,455) Active condo listings: 3,028 (3,093, 3055, 3,017) Homes 4-week running average: $457k ($455k, $449k, $450k) Condos 4-week running average: $262k ($257k, $245k, $253k) As I mentioned yesterday, mortgage rates are expected in increase next week, and at least one bank has already raised their rates. Rising rates do tend to stimulate sales in the…

349 Views, 23 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: 609 (666, 659, 644) # Sales: 335 (323, 328, 315) Ratio: 55% (48%, 50%, 49%) # Price Changes: 443 (485, 489, 523) # Expired/Off Market Listings: 186 (240, 229, 207) Net loss/gain in listings this week: 88 (103, 102, 122) Active single family home listings: 3,586 (3,532, 3,455, 3,393) Active condo listings: 3,093 (3055, 3,017, 2,963) Homes 4-week running average: $455k ($449k, $450k, $440k) Condos 4-week running average: $257k ($245k, $253k, $252k) Would you look at that! Average single family home price at $454,785 while inventory extremely high. Monthly stats tomorrow! As requested, condo inventory: Happy Canada Day!!!!

350 Views, 13 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: 666 (659, 644, 639) # Sales: 323 (328, 315, 309) Ratio: 48% (50%, 49%, 48%) # Price Changes: 485 (489, 523, 524) # Expired/Off Market Listings: 240 (229, 207, 360) Net loss/gain in listings this week: 103 (102, 122, -30) Active single family home listings: 3,532 (3,455, 3,393, 3,318) Active condo listings: 3055 (3,017, 2,963, 2,906) Homes 4-week running average: $449k ($450k, $440k, $438k) Condos 4-week running average: $245k ($253k, $252k, $253k) So there have been some big changes around here in the past week - we launched a brand new livrealestate.ca web site that allows you to search homes for sale in Edmonton,…

346 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: 659 (644, 639, 575) # Sales: 328 (315, 309, 274) Ratio: 50% (49%, 48%, 48%) # Price Changes: 489 (523, 524, 423) # Expired/Off Market Listings: 229 (207, 360, 146) Net loss/gain in listings this week: 102 (122, -30, 155) Active single family home listings: 3,455 (3,393, 3,318, 3,325) Active condo listings: 3,017 (2,963, 2,906, 2,906) Homes 4-week running average: $450k ($440k, $438k, $438k) Condos 4-week running average: $253k ($252k, $253k, $248k) Single family home inventory in Edmonton is higher than last year, for the first time this year. There is also "excess supply" of new homes on the market from builders - over…

401 Views, 24 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: 644 (639, 575, 667) # Sales: 315 (309, 274, 324) Ratio: 49% (48%, 48%, 49%) # Price Changes: 523 (524, 423, 445) # Expired/Off Market Listings: 207 (360, 146, 183) Net loss/gain in listings this week: 122 (-30, 155, 160) Active single family home listings: 3,393 (3,318, 3,325, 3,231) Active condo listings: 2,963 (2,906, 2,906, 2839) Homes 4-week running average: $440k ($438k, $438k, $437k) Condos 4-week running average: $252k ($253k, $248k, $251k) Have a great weekend!:)

330 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: 639 (575, 667, 705) # Sales: 309 (274, 324, 310) Ratio: 48% (48%, 49%, 44%) # Price Changes: 524 (423, 445, 422) # Expired/Off Market Listings: 360 (146, 183, 153) Net loss/gain in listings this week: -30 (155, 160, 242) Active single family home listings: 3,318 (3,325, 3,231, 3,172) Active condo listings: 2,906 (2,906, 2839, 2,745) Homes 4-week running average: $438k ($438k, $437k, $442k) Condos 4-week running average: $253k ($248k, $251k, $248k) Have a great weekend!

344 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: 575 (667, 705, 691) # Sales: 274 (324, 310, 337) Ratio: 48% (49%, 44%, 49%) # Price Changes: 423 (445, 422, 423) # Expired/Off Market Listings: 146 (183, 153, 336) Net loss/gain in listings this week: 155 (160, 242, 18) Active single family home listings: 3,325 (3,231, 3,172, 3,065) Active condo listings: 2,906 (2839, 2,745, 2,624) Homes 4-week running average: $438k ($437k, $442k, $443k) Condos 4-week running average: $248k ($251k, $248k, $248k) Have a great weekend!

345 Views, 3 Comments