Here is our weekly update on the Edmonton real estate market. (Last week’s numbers are in brackets.)
For the past 7 days:
# New listings: 378 (342)
# Sales: 206 (215)
Ratio: 55 (63)
# Price changes: 325 (285)
# Expired Listings: 558 (132)
# Canceled, withdrawn and terminated listings: 117 (153)
Net loss/gain in listings this week: -503 (-158)
Active listings for single family homes: 3309 (3576)
Active listings for condos: 2252 (2368)
That’s a big increase in expired listings, this is likely due to the fact that when listing contracts are drafted people tend to use the end of the month as the expiry date.
A number of people have asked that we include the weekly average sale price. At this time I will not be posting the average price per week. I am by no means a statistics expert, but I do know that averages can be very misleading especially when you’re dealing with a small sample size. Plus, this blog is not all about stats, all the time. I realize this week was pretty heavy on stats but we are working on lots of new content for the coming weeks. Have a great weekend!
That being said I would like to make one last comment on prices for the week. The chart below shows the average prices broken down by type of property. As you can see, the row house/duplex category is very volatile (especially over the past few months), and that is due to the small sample size, it is not an actual reflection of values in that category. Personally I think they should get rid of that category altogether.
