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: 562 (488, 551, 591)
# Sales: 322 (261, 331, 330)
Ratio: 57% (53%, 60%, 56%)
# Price changes: 327 (260, 313, 298)
# Expired/Off Market Listings: 272 (118, 130, 139)
Net loss/gain in listings this week: -32 (109, 90, 122)
Active single family home listings: 3044 (3058, 3017, 2963)
Active condo listings: 2057 (2084, 2017, 1962)
Homes 4-week running average: $403k ($402k, $400k, $399k)
Condos 4-week running average: $243k ($237k, $237k, $234k)
I'm working on the monthly numbers now so I'll keep this short and sweet. Have a great weekend!
Edmonton housing prices
Edmonton Real Estate Listings and Sales
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.
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Hi Sara, did the average single family actually jump to 423K or is that a typo?
Typo…
Who votes 1 star and doesn’t leave a comment? We didn’t even post an opinion just the stats – what is there to criticize?
Don’t take it personal Sara, as I said in an earlier post it’s probably a looser who is hoping the market to crash and is unhappy with the graphs, so they shoot the messenger.
probably because your stats ( and your industry stats) are misleading…How the prices are up when the price per sqft is the same as last year? when real stats will be provided detailed you will get 5 stars… these stats are useless and I’m not going to show the math example when average price can go up and the actual price of the houses is going down… this is why your industry came up with that stupid index calculation.. to hide the reality and manipulate… your industry will be respected if you don’t provide any stats or provide the complete picture – look at Zillow web site in US to understand what I’m saying… until then 1 star…
(paid off my house – 25% of the total net worth at this point – just to not create other assumption here).
Simple. Larger homes are changing hands faster.
Who votes 5 stars without Sara leaving a comment??
looking for stats for Beaumont, can u be of help?
if you send me an email we can see if we can help by figuring out what info you are looking for. sheldon@teamjohnston.com
From what I see here there has been a 13.5% increase in house prices since the middle of January.
Not bad.
)
Well… unless you’re renting, waiting for prices to fall so you can buy
Teranet shows a -0.75% decrease for Edmonton house prices since January using a highly accurate repeat sales methodology.
http://www.housepriceindex.ca
I agree somewhat bubu. Especially the part about Zillow. How there can exist such a difference in the freedom of information between us and the states is mind boggling.
Interesting thing about zillow if you don’t know any better you’d think its fairly accurate. Anyways I know the people I deal with who buy alot property stateside don’t use it. They utilize the first hand intel and experience of an agent. However if you think its bad now get ready its about to get a lot worse here.
Low and dropping oil prices…check
Low and stagnant natural gas prices…check
faltering world wide economic picture…check
Housing boom in Edmonton…check.
quit smoking crack…check
Sara / Sheldon,
Can you verify this? Is it true that price per sq ft has not changed in the last year, yet average house prices have gone up?
If this is true, it can only mean that the houses that are selling are larger in size.
Its not hard to figure out bubu. houses with higher sq footage are selling right now. I fail to see how its misleading unless you don’t understand how to read them and if that’s the case then that person should reach out for help.
Viggy,I know it is not hard but… that means 80% of the buyers should reach out for help… we are dump society who thinks “professionals” provide them the right view and nobody looks at the details. When people see the average price they don’t look at size of the house or other things…
Sheldon, that is your experience…. it’s like I trust the mutual funds sellers… believe me, I buy the shares based on my analyze not what other people are telling me… Math is too basic at this level to relay on real estate agents’ analytics.
What is going to get worse Sheldon…I’m not sure what you mean.
So correct me if I am wrong, but the stats more or less show that an existing house one year ago is worth the same today?
Sort oflike if everyone started buying BMW’s and thinking my Cavalier is worth more based on average price paid for all cars?
Pass the crack!
My comment about it getting worse was related to the amount of information currently available and the time frame when people will get access to it in relation to sales.