happy new year
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 71 (152, 170, 230)
# Sales: 91 (167, 130, 141)
Ratio: 128% (110%, 76%, 61%)
# Price changes: 29 (77, 79, 135)
# Expired/Off Market Listings: 199 (189, 195, 163)
Net loss/gain in listings this week: -219 (-204, -155, -74)
Active single family home listings: 2009 (2108, 2209, 2311)
Active condo listings: 1322 (1389, 1467, 1498)
Homes 4-week running average: $350k ($359k, $366k, $371k)
Condos 4-week running average: $218k ($225k, $232k, $235k)
It's officially the last weekly update of the year! Sheldon is finishing up our "year in review" blog post as I write this, and once we have the final stats tomorrow we'll start putting the finishing touches on our annual report that goes out by email to subscribers only.
As far as the market goes this week, things look pretty normal. The REALTORS® Association of Edmonton is showing 754 sales so far this month, which is below what I was expecting at the beginning of the month, and slightly below average.
We have received far more requests for information and showings this month than we did all fall, which could be an indicator of heightened activity in the months to come. Our office has certainly been busier than the numbers reflect.
Dec. 31 2010- Weekly listings and sales
The average sale price of single family homes has come down significantly in Edmonton since September. This will certainly be something to keep an eye on. I have not looked at the price per square foot or median sale price yet but will have more information on that in our monthly post and annual report.
December 31 2010 Average sale price
You will also notice we have added a new rating system to the blog. We hope you will provide your feedback on the articles we post - we will be listening and hope to be able to provide more of what our readers like and less of what you don't. We also have added a "thumbs up/thumbs down" to the comments - so far we have had one commenter indicate they didn't like it - please let us know what you think.
And as they say in Ireland: this new year, may your right hand always be stretched out in friendship, never in want.
Happy New Year!
Pop goes the house price bubble, fueled by reckless increases in mortgage debt.
We’re more in debt compared to income than the Americans at the peak of their housing bubble.
House prices down $30,000 in the last month — How long can the media ignore this story?
Housing prices statistically go down during the winter (especially when it is -25 outside and nobody wants to go shopping)… you are probably just saying this because you are proud of not having debt.
I just wanted to say thanks for the information every week. I have been following this blog for the past several months and found it very useful. I listed my house on Comfree in July and then on MLS in October… sold in November @ 50 DOM. We just purchased a house this week @ $32000 under list so I think we made out quite well. The exposure we received once listed on MLS was significant while exposure from Comfree was slim to none. We are definitely happy with the exposure but still think (suggested) Realtor commissions are too high considering the work and time involved with one transaction.
Thanks Again:)
Pop goes the economy….
http://www.nationalpost.com/demise+maverick/4042316/story.html
Oh wait… I must have read that with my bear lenses on, sorry just trying to fit in on here.
Looks like a repeat of 2008 is in order. I wonder what price per liter crashes the world economy this time?