Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 341 (370, 333, 414)
# Sales: 275 (261, 256, 227)
Ratio: 81% (71%, 77%, 55%)
# Price changes: 189 (212, 168, 205)
# Expired/Off Market Listings: 98 (135, 161, 132)
Net loss/gain in listings this week: -32 (-26, -84, 55)
Active listings for single family homes: 1933 (1954, 1912, 1959)
Active listings for condos: 1576 (1560, 1562, 1587)
So far this month the REALTORS® Association of Edmonton has reported 1465 sales. The average residential sale price is $317k, single family homes are $361k, and condos $238k all of which are down from the end of last month. I am a little surprised with the stronger than usual sales that average prices have dropped but it seems sales in the higher price ranges are slowing. In September there were 99 sales over $500,000 and in October there have only been 78 so far.
Happy Halloween!
