Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
Busy busy week! We thought our office was busy but it looks like the market is picking up. 62% sales to new listings ratio – that is technically a seller's market. I wasn't expecting that. Is it the start of a trend or just a blip? Only time will tell.
You know times are tough when you can’t get an inspector. Starting yesterday morning we set up the first of a few inspections for the weekend and by last night three of the inspectors on my list were all booked with no availability until Monday. I can’t recall that happening since mid 2007. Talking to Terry Fikowski – the owner of the HouseMasters franchise – at almost 10:30pm last night you could almost hear him smile with relief.
Looking at the board stats (not just Edmonton but the whole real estate board) there have been 1152 sales so far this month which should put us well over 1300 sales for the month. The overall average residential sale price its at $311k, single family homes at $349k and condos at $233k – all about the same as last week and up from last month.
P.S. Unfortunately I've had to change the format of the weekly stats to an image, because there are still lots of people out there who think it's cool to copy our work and publish it as their own. I'm sorry it's a little tough to read – if anyone has a better suggestion for me I'm all ears!
