Here 
is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 499 (453, 448, 483)
# Sales: 337 (329, 421, 441)
Ratio: 68% (73%, 94%, 91%)
# Price changes: 191 (189, 203, 233)
# Expired Listings: 93 (308, 69, 102)
# Withdrawn/terminated/etc. listings: 26 (32, 34, 46)
Net loss/gain in listings this week: 43 (-216, -76, -60)
Active listings for single family homes: 2178 (2150, 2255, 2264)
Active listings for condos: 1828 (1797, 1908, 1934)
For the REALTORS® Association of Edmonton as a whole (including Edmonton and surrounding areas) there have been 619 sales so far this month, which could lead to over 2000 sales which would be another record breaking month. I don't expect the pace will continue though, as things tend to slow down each week into summer, but it's quite early to make any reliable predictions there yet.
The average residential sale price is sitting at $328k (about the same as last month), single family homes at $379k (up from last month) and condos at $237k (down from last month).
I had a quick look at what is happening in the $1 million plus market – so far this year there have been 26 sales in Edmonton over $1 million. High end sales have definitely picked up in the past two months - from January to the end of April there were only 7 sales over $1million, while in May there were 7, in June there were 10 and there have been 2 so far this month. The most expensive sale this year went for $2.25 million in Valleyview. It's still a tough market to compete in with 96 listings over $1 million currently on the market.
Happy Weekend!
