Edmonton Real Estate Market Weekly Update – Dec. 9/11

by Sara MacLennan on 09. Dec, 2011 in Edmonton Real Estate Market, Weekly Update

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New listings: 213 (253, 244, 263)
# Sales: 132 (183, 187, 165)
Ratio: 62% (72%, 77% ,63%)
# Price changes: 102 (166, 193, 195)
# Expired/Off Market Listings: 123 (435, 191, 215)
Net loss/gain in listings this week: -42 (-365, -134, -117)
Active single family home listings: 2393 (2408, 2647, 2712)
Active condo listings: 1359 (1378, 1478, 1533)
Homes 4-week running average: $367k ($364k, $362k, $363k)
Condos 4-week running average: $225 ($224k, $226k, $228k)


Read more: Edmonton Real Estate Market Weekly Update - Dec. 9/11

del.icio.us Digg

4 Responses to “Edmonton Real Estate Market Weekly Update – Dec. 9/11”

  1. CoffinTrader 12. Dec, 2011 at 3:34 pm #

    http://www.edmontonsun.com/2011/12/12/decades-long-credit-binge-over-carney

    But according to the real estate experts , we are on the cusp of a major boom in Alberta.

    “Buy Now – Frenzied Seller’s Market Coming”

    http://calgaryrealestatereview.com/2011/04/07/calgary-rein-don-campbell-forecast/

    Morale of the story – Do your on research and be cautious of experts with vested interest of values increasing.

    • CoffinTrader 12. Dec, 2011 at 3:36 pm #

      Sorry… should be do your own research.

    • Sheldon Johnston 12. Dec, 2011 at 5:01 pm #

      Even though the story is about Calgary your advice is relevant. I would go so far as to add be careful of the experts with vested interest in decreasing values. What is strange is that I deal with agents from Calgary regularly and they are as a whole far more optimistic on their market than I am. At least the ones I’ve talked to. The funny thing is our migration and job numbers are better. Kind of makes a person wonder why our values are not performing correspondingly.

    • wsn 13. Dec, 2011 at 4:04 pm #

      Certainly, Campbell is all about buff. But Carney isn’t much more credible either. If Canadians are burrowing too much, as the head of BoC, why doesn’t Carney make them burrow less? By:
      1) Increase the rate from this historical low
      2) Increase the minimum downpay from 5% to 10% (not all that strict)
      3) Decrease max term by another 5 years.

      Right now, Carney is all about talks.