EdmontonRealEstateMarketUpdate
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 152 (170, 230, 211)
# Sales: 167 (130, 141, 192)
Ratio: 110% (76%, 61%, 91%)
# Price changes: 77 (79, 135, 158)
# Expired/Off Market Listings: 189 (195, 163, 443)
Net loss/gain in listings this week: -204 (-155, -74, -424)
Active single family home listings: 2108 (2209, 2311, 2337)
Active condo listings: 1389 (1467, 1498, 1513)
Homes 4-week running average: $359k ($366k, $371k, $377k)
Condos 4-week running average: $225k ($232k, $235k, $230k)
The REALTORS® Association of Edmonton is reporting 647 sales for December so far, I don't think we'll see many more next week. The market in Edmonton is pretty much normal for this time of year.
We are celebrating Christmas this weekend, so for those that do - have a very Merry Christmas.
Hmmm… A nearly $18K drop for resales in 4 weeks. That’s a full 5% trim.
The sales/listings ratio steady.
Market is getting more affordable.
Do you guys see a reflection in offers?
i.e. do buyers offer 5% less?
Down down down we go.
Best for 2011 to you and yours! cheers, maggie
Nice to see the bears aren’t hibernating. Guess its not cold enough.
Merry Christmas
Happy Birthday Jesus!!! Yes, many of us “still do” celebrate Christmas and the coming of the Savior of the world. Have a very Merry and very Blessed Christmas Sara and Sheldon.