Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 474 (423, 412, 459)
# Sales: 203 (271, 256, 203)
Ratio: 43% (64%, 62%, 44%)
# Price changes: 252 (253, 264, 235)
# Expired Listings: 110 (348, 89, 121)
# Withdrawn/terminated/etc. listings: 36 (40, 20, 32)
Net loss/gain in listings this week: 125 (-236, 47, 109)
Active listings for single family homes: 2486 (2446, 2587, 2570)
Active listings for condos: 1995 (1976, 2057, 2022)
Yesterday Sheldon and I made a bet that the numbers would be lower this week, because it really just felt slower out there. Well, I guess we were right… who knows why? Perhaps some people were getting the feeling it was over heating. Our thoughts are the pattern will repeat for next while – a few cool weeks then a few hot weeks.
Looking at the numbers for the month so far, the Realtors Association of Edmonton is showing 574 residential sales this month which is a much faster pace than last month. The average residential sale price is sitting at $307k, single family homes at $346k and condos at $232 – all down slightly from last month but keep in mind there are only 9 days of data so far.
No pretty charts this week because my laptop crashed yesterday, they'll be back next week. We do hope you enjoy the beautiful weather this weekend! Happy Easter.
