Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 382 (446, 390, 380)
# Sales: 167 (145, 111, 82)
Ratio: 44% (33%, 28%, 22%)
# Price changes: 233 (274, 242, 156)
# Expired Listings: 106 (197, 215, 171)
# Canceled/withdrawn/terminated listings: 19 (23, 21, 11)
Net loss/gain in listings this week: 90 (81, 43, 116)
Active listings for single family homes: 2472 (2419, 2350, 2347)
Active listings for condos: 1830 (1777, 1688, 1625)
So far this month there have been 671 sales, which is well below the average for the last 5 years. The average residential sale price is $313k (same as last week and up slightly from December), single family homes are $347k (down from $350k) and condos are at $238k (up from December).
The update is short this week because Sheldon and I are at the Banff Western Connection real estate conference filling our brains with new information about the market, marketing, technology and more… looking forward to putting it to use. Have a great weekend!
