Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 459 (425, 449, 444)
# Sales: 203 (214, 218, 202)
Ratio: 44% (50%, 49%, 45%)
# Price changes: 235 (266, 238, 275)
# Expired Listings: 121 (88, 351, 102)
# Withdrawn/terminated/etc. listings: 32 (33, 36, 31)
Net loss/gain in listings this week: 103 (90, -156, 109)
Active listings for single family homes: 2570 (2514, 2453, 2555)
Active listings for condos: 2022 (1968, 1930, 1987)
It's funny, sometimes it seems like you can feel the market picking up momentum, then you look at the weekly numbers and it's just an average week. Other times it seems painfully slow and the weekly numbers are above average. Perhaps it's just because it was another one of those weeks where a few clients missed out on properties they wanted because they waited to pen to paper.
The Realtors Association stats show that there have been 815 sales so far this month, if the pace continues there will be around 1300 sales for March. The overall average residential sale price sits at $312k, up from last week and last month. Single family homes are at $350k – also up from last week and last month, and condos are at $232k – up from $226k last month.
Happy Friday!
