Edmonton real estate market weekly update – July 6/12

by Sara MacLennan on July 6, 201206. Jul, 2012 in Edmonton Real Estate Market, Weekly Update

EdmontonRealEstateMarketUpdate
EdmontonRealEstateMarketUpdate

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

New listings: 493 (495, 499, 542)
# Sales: 239 (355, 318, 334)
Ratio: 48% (72%, 64%, 62%)
# Price changes: 291 (328, 301, 336)
# Expired/Off Market Listings: 386 (143, 175, 148)
Net loss/gain in listings this week: -132 (-3, 6, 60)
Active single family home listings: 3125 (3195, 3177, 3178)
Active condo listings: 2097 (2148, 2162, 2144)
Homes 4-week running average: $404K ($406k, $407k, $404k)
Condos 4-week running average: $241K ($242k, $246k, $246k)

Looks to me like we've seen the peak for sales and prices for the year.

July612
Edmonton real estate listings and sales
July612Avg
Edmonton real estate prices

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.

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7 Responses to “Edmonton real estate market weekly update – July 6/12”

  1. GoodWillRentingNo Gravatar 06. Jul, 2012 at 11:51 am #

    Is the 355 sales number a typo? The chart pegs it more at something like 235.

    • Sara MacLennanNo Gravatar 06. Jul, 2012 at 12:35 pm #

      Interesting… none of the new numbers updated for this week I’ve done it again and resaved. Thanks for pointing that out.

      • GoodWillRentingNo Gravatar 06. Jul, 2012 at 12:53 pm #

        Oh yes, now I see the alignment between the chart and last week’s numbers. Maybe some sort of caching issue.

  2. HalNo Gravatar 06. Jul, 2012 at 12:15 pm #

    Wow, would have expected sales to be better this week with everyone rushing to get a 30 year mortgage? Comments, Sara and Sheldon?

    • Sara MacLennanNo Gravatar 06. Jul, 2012 at 12:32 pm #

      Well, like we said yesterday, we didn’t think there would be a big rush to get in under the old mortgage rules. There was a bump last week and a dip this week for a net result of 0.

      • HalNo Gravatar 06. Jul, 2012 at 4:07 pm #

        Well, true I guess. I hope that “dip” recovers and becomes a “bump” again for you guys! Have a good weekend!

  3. Joseph TamNo Gravatar 10. Jul, 2012 at 5:49 pm #

    Wow! This is a great blog you have here. I think these updates are great and shows how inexpensive real estate is in Alberta compared to Vancouver and Toronto, even though at this point prices are decreasing. Thanks!