Here 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# Canceled/withdrawn/terminated listings: 77( 33, 47, 63)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.
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:
