Weekly Update on the Edmonton Real Estate Market

by Sheldon Johnston and Sara MacLennan on 15. Aug, 2008 in Weekly Update

WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New listings: 523 (538, 528, 476)
# Sales: 310 (262, 296, 286)
Ratio: 59% (49%, 56%, 60%)
# Price changes: 519 (448, 466, 480)
# Expired Listings: 219 (552, 608, 162)
# Canceled/withdrawn/terminated listings: 77( 33, 47, 63)
Net loss/gain in listings this week: -83 (-309, -418, -35)
Active listings for single family homes: 4003 (3999, 4007, 4206)
Active listings for condos: 2671 (2705, 2708, 2914)

So, another big week for sales, and another small drop in inventory. The average price for the month so far is $329,065 which is down from $335 in July. It seems most of this drop is on the single family home side of things which has dropped from about $379 to $370. So far there have been 775 sales this month, which projects out to about 1700 sales for August which would put us well ahead of last year.

0814weekly

It was a very busy week for us, but we managed to have a little fun too. Yesterday was our company golf game and we put together a little video to share the fun:

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12 Responses to “Weekly Update on the Edmonton Real Estate Market”

  1. Mike 16. Aug, 2008 at 10:02 am #

    Thanks Sara and Sheldon.
    No comments so far. I guess the bubble heads have some commune or “renters convention” so where this weekend. LOL.

  2. Brent 16. Aug, 2008 at 12:44 pm #

    Hey Mike,

    I saw you man, by the way you need a hair cut.

    http://au.youtube.com/watch?v=Sicyi17cT2c&watch_response

    http://au.youtube.com/watch?v=Sicyi17cT2c&watch_response

  3. Brent 16. Aug, 2008 at 12:47 pm #

    Here is the longer version, this long haired perma bull is hilarious.

    http://au.youtube.com/watch?v=sM7bcDu04os&feature=related

  4. Brent 16. Aug, 2008 at 12:49 pm #

    Kind of sounds closer to home now doesn’t it?

  5. laerog 16. Aug, 2008 at 4:58 pm #

    ***Comment deleted. Completely inappropriate!***

  6. Brent 16. Aug, 2008 at 9:35 pm #

    laerog,

    Here’s another vid for ya, even closer to home.

    http://calgary.ctv.ca/servlet/an/local/CTVNews/20080814/CGY_condo_080814/20080814/?hub=CalgaryHome

    Enjoy,
    Brent

  7. Brent 16. Aug, 2008 at 9:47 pm #

    *** comment deleted Enough trolling from you today. btw were you evicted from your bubble blog home?

    Sheldon ***

  8. Fred 16. Aug, 2008 at 11:53 pm #

    Seems like times they be a changing once again. It only took 4 weeks for oil to drop 30%. Who would of beleived 2 months ago that now analysts would be talking about the possibility of $30 – $50 (see article link) when they were pushing that $200 was just around the corner. Mind you two years ago who would of believed what we’ve seen.

    Condo projects in jepordy, so many for sale signs that it looks like we are selling “signs” in some places.

    The times they be a changing once again…

    http://seekingalpha.com/article/91100-forget-100-a-barrel-oil-will-plummet-to-30?source=yahoo

  9. Geek 18. Aug, 2008 at 8:10 am #

    C’mon, let’s see the rest of the charts!

    *** How much do you think we can do? We do try and rotate the charts so we can keep them all updated but the reality is we’re busy people and can only do so much. Sorry we’re not stats can.. ***

  10. yanni raz 18. Aug, 2008 at 3:01 pm #

    ***Blatant advertising ***

  11. Brent 19. Aug, 2008 at 7:04 am #

    Evicted from the Alberta bubble blog? To funny.

  12. tery 19. Aug, 2008 at 4:32 pm #

    Fred
    Thanks for the source. Its nice reading and quite agree with you.
    Keep it up