Edmonton Real Estate Market Weekly Update – Friday the 13th!

by Sara MacLennan on July 13, 201213. Jul, 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: 484 (493, 495, 499)
# Sales: 314 (239, 355, 318)
Ratio: 65% (48%, 72%, 64%)
# Price changes: 337 (291, 328, 301)
# Expired/Off Market Listings: 193 (386, 143, 175)
Net loss/gain in listings this week: -23 (-132, -3, 6)
Active single family home listings: 3114 (3125, 3195, 3177)
Active condo listings: 2085 (2097, 2148, 2162)
Homes 4-week running average: $398k ($404K, $406k, $407k)
Condos 4-week running average: $237k ($241K, $242k, $246k)

And here is the dip in sales after the mortgage rule changes…

 
July1312
Edmonton real estate listings and sales

It is clearly the second half of the year, we have peaked and are slowing down – as the days get shorter the real estate market gets cooler.

 
July1312Avg
Edmonton real estate prices

The REALTORS® Association of Edmonton is reporting 553 sales so far this month which should put us around 1400-1500 this month (similar to last year). 

Have a great weekend!

About

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.

del.icio.us Digg

12 Responses to “Edmonton Real Estate Market Weekly Update – Friday the 13th!”

  1. charlieNo Gravatar 13. Jul, 2012 at 12:01 pm #

    The ratio at 65% not all that bad.

    • Sara MacLennanNo Gravatar 14. Jul, 2012 at 11:02 am #

      That’s more because of a big drop in new listings than an increase in sales.

  2. imranNo Gravatar 13. Jul, 2012 at 1:03 pm #

    Sales to Listing Ratio of 65% indicates a seller market. It also shows a strong booming economy. Would anyone comment on this?

    • charlieNo Gravatar 13. Jul, 2012 at 2:51 pm #

      I think you cannot draw that much conclusion of the ratio alone,
      it fluctuates greatly week to week, anyway I was suprised that the 25 year rule kicked in on Monday and still the ratio is over 50%
      Of course it can change to 35% next week or even jump to 75%, anyone’s guess.

      • ItchyNo Gravatar 13. Jul, 2012 at 3:05 pm #

        There’s a typo somewhere. Graph shows 200 and something in sales and Sara’s comment about decrease in sales would lend me to believe 200 and something is the correct figure.

        • A commong guyNo Gravatar 13. Jul, 2012 at 3:14 pm #

          Graph isn’t updated from last week.

          • Sara MacLennanNo Gravatar 14. Jul, 2012 at 11:01 am #

            Thanks for letting me know it’s updated now.

  3. GMNo Gravatar 13. Jul, 2012 at 11:39 pm #

    Party’s over. Nothing to see here folks, move along…

  4. Inspector GadgetNo Gravatar 14. Jul, 2012 at 9:08 am #

    Sara,

    Did the average price make it back to 2007 levels this year? It must be close if it hasn’t.
    Thanks for the info.

    • A commong guyNo Gravatar 14. Jul, 2012 at 10:38 am #

      still away from the peak of 2007 but the closest we have come was this past May:

      link to bobtruman.com

      • Karl HungusNo Gravatar 15. Jul, 2012 at 2:10 pm #

        From that chart it seems that SFH are still $50,000 off of the peak. Am i reading that right?

  5. A commong guyNo Gravatar 14. Jul, 2012 at 10:38 am #

    Sorry I meant June.