Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 424 (407,379, 473)
# Sales: 237 (263, 312, 311)
Ratio: 56% (65%, 82%, 66%)
# Price changes: 178 (213, 192, 210)
# Expired/Off Market Listings: 156 (346, 104, 111)
Net loss/gain in listings this week: 31 (-202, -37, 20)
Active listings for single family homes: 2102 (2070, 2177, 2197)
Active listings for condos: 1668 (1673, 1775, 1776)
So far this month for the REALTORS® Association of Edmonton there have been 569 residential sales. The average residential sale price is sitting at $322k, single family homes at $365k and condos at $248k, average residential and condo prices are up from last week. Single family homes average price was down slightly, and condo average prices were up from last month.
It is interesting to note that we haven't seen a large number of the listings which have expired at the end of August come back on the market. We are still seeing a lot of activity from buyers so this may be a lost opportunity for some sellers.
