Edmonton Real Estate Market Weekly Update – Jan. 27/12

by Sara MacLennan on 27. Jan, 2012 in Edmonton Real Estate Market, Weekly Update

EdmontonRealEstateMarketUpdate
Edmonton Real Estate Market 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: 358 (383, 438, 239)
# Sales: 177 (139, 109, 74)
Ratio: 49% (36%, 25%, 31%)
# Price changes: 119 (111, 125, 73)
# Expired/Off Market Listings: 122 (160, 143, 577)
Net loss/gain in listings this week: 59 (84, 186, -412)
Active single family home listings: 2020 (2013, 1972, 1843)
Active condo listings: 1237 (1182, 1139, 1067)
Homes 4-week running average: $358k ($353k, $357k, $366k)
Condos 4-week running average: $208k ($211k, $220k, $223k)

The REALTORS® Association of Edmonton is reporting 684 sales so far this month for the greater Edmonton area. The pace has picked up each week this month and we should end up with around 800-850 sales by the end of the month (similar to last year, but below average overall).

Jan2712WeeklyAvg
Edmonton real estate prices
Jan2712Weekly
Edmonton real estate listings and sales

Have a great weekend!

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15 Responses to “Edmonton Real Estate Market Weekly Update – Jan. 27/12”

  1. MsMarie 27. Jan, 2012 at 12:43 pm #

    what’s happening with condos?

  2. Shawn 27. Jan, 2012 at 1:23 pm #

    Are weekly average price stats for Condo’s correct?

    You had these same stats for Jan 21

    Condos 4-week running average: $211k ($220k, $223k, $231k)

    • Sara MacLennan 27. Jan, 2012 at 1:27 pm #

      Good catch, typo on my part has been corrected.

  3. Marketmonitor 30. Jan, 2012 at 12:14 pm #

    “The REALTORS® Association of Edmonton is reporting 684 sales so far this” month

    177
    139
    109
    74=

    499

    The number of sales you are reporting don’t match what you say the EREB is reporting, have I missed something?

    • Sara MacLennan 30. Jan, 2012 at 12:42 pm #

      Yes you have missed something. Please read the Understandingnthe stats page – http://edmontonrealestateblog.com/understanding-the-stats

      1. The weekly stats are done on Fridays, so simply adding up four weeks does not make a month.
      2. My weekly stats are Edmonton only, the association reports for the greater Edmonton area.

      • Marketmonitor 30. Jan, 2012 at 12:50 pm #

        It is not worth the effort.

        and last time I checked 4 weeks make a month.

        • Sara MacLennan 30. Jan, 2012 at 12:52 pm #

          Seriously? So every month starts on a Friday and has 28 days? I never knew that. You may want to have a look at a calendar.

          • Marketmonitor 30. Jan, 2012 at 1:55 pm #

            Seriously.

            Oh sorry, correction. This blog is not worth the effort.

            A word of advice, your condescending tone does nothing to help your image as a real estate professional.

            When I buy I will certainly be doing business elsewhere.

            Seriously.

          • Sara MacLennan 30. Jan, 2012 at 2:34 pm #

            You do have the advantage of anonymity that’s for sure. I was just having a little fun but that’s ok we can’t please everyone.

  4. Marketmonitor 30. Jan, 2012 at 3:38 pm #

    Oh you were being funny!

    I have read this blog long enough to know that when someone challenges you guys, you can get pretty nasty.

    Here’s an example:

    “tony you must be one of those people who dumps your garabage out in the country for other people to deal with? Back up with your trash with some examples or is this just your nascar instincts? I can send thousands of examples of townhomes and apartments that show otherwise.”

    -Sheldon

    I don’t know about you, but inferring that someone is “trash” is kind of nasty. But I suppose Sheldon was just joking! What if Tony was a potential client, do think that response would help a sale?

    Sara you know you weren’t being funny, you were being yourself and now your just trying to back track.

    And by the way, in Sheldon’s comment, what a “Nascar instinct”? I’m not familiar with the expression. And if he can send those “thousands” of examples we’d all appreciate!

    Thanks, How funny is that!

    • Sara MacLennan 30. Jan, 2012 at 4:17 pm #

      So it’s worth your time to scour through hundreds of comments to find a response to someone who was really being a jerk, but it’s not worth your time to understand how we tabulate the stats. Got it. If you spent the amount of time we did putting this together only to be constantly insulted by angry and negative commenters you’d lose it every once in awhile too. My tone was no different from yours, at least we can agree that we didn’t like each other’s tones. Lets move on.

  5. tina 31. Jan, 2012 at 4:23 pm #

    sp[eaking of condos, what about single family hosues.what are peoples oppinions on buying a corner single family house which is near a busy bus stop but in a good location. Is it worth buying or is a corner house a disadvantage when it comes to selling? help I am new to the country and found a real good deal on a pre-owned house but looking for the short term? help!!!

  6. AR 31. Jan, 2012 at 7:40 pm #

    I still can’t understand why stats bring out the rage in so many people. Or is it all one person under multiple aliases??

  7. AM 01. Feb, 2012 at 12:19 pm #

    Keep up the good work guys. I am a homeowner and whether I like the stats or not, you guys are doing a good job. Thanks!