Edmonton Real Estate Market Weekly Update – April 20/12
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: 515 (493, 515, 461)
# Sales: 314 (245, 273, 267)
Ratio: 61% (50%, 53%, 58%)
# Price changes: 260 (267, 197, 212)
# Expired/Off Market Listings: 125 (82, 237, 82)
Net loss/gain in listings this week: 76 (166, 5, 112)
Active single family home listings: 2831 (2809, 2714, 2685)
Active condo listings: 1836 (1764, 1696, 1713)
Homes 4-week running average: $394k ($392k, $389k, $388k)
Condos 4-week running average: $232k ($230k, $232k, $229k)
Notable stats this week: highest sales in a week so far this year by a significant margin (previous high was 273 two weeks ago). Highest ratio of listings to sales so far this year, which is significant since the number of listings was quite high as well. Inventory is on the rise – single family inventory is right in line with last year while condo inventory is gaining more quickly. Average prices for single family homes are well ahead of last year, while condos are about the same.
The REALTORS® Association of Edmonton is reporting 1,008 sales for the Greater Edmonton area so far this month, which should put us around 1700 sales for this month (slightly ahead of least year).
Have a great weekend!
About Sara MacLennan
Sara MacLennan is the Director of Marketing at Liv Real Estate and a licensed Real Estate Associate. The bulk of Sara’s experience and wealth of expertise lies in on-line technology and marketing both for agents and consumers. Sara is the former National Director for Interactive Marketing for Coldwell Banker Canada where she was responsible for an extensive training program traveling to offices across the country training agents and brokers on marketing and technology. Find Sara on Twitter @edmontonblogger.