Edmonton Real Estate Market Weekly Update – Jan. 4/13

by Sara MacLennan on January 4, 201304. Jan, 2013 in 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: 144 (66, 149, 190)
# Sales: 81 (87, 144, 146)
Ratio: 56% (132%, 97%, 77%)
# Price changes: 46 (23, 69, 64)
# Expired/Off Market Listings: 459 (141, 273, 143)
Net loss/gain in listings this week: -396 (-162, -268, -99)
Active single family home listings: 1594 (1836, 1908, 2043)
Active condo listings: 1162 (1301, 1338, 1432)
Homes 4-week running average: $402k ($401k, $400k, $392k)
Condos 4-week running average: $226k ($224k, $226k, $230k)

It’s certainly unusual to start the year out with such a high average price. My guess is the normal curve has just started a little early for this cycle, we’ll have to watch and see. There were also fewer new listings this week than we normally see, but I think this is due to the timing of the holidays in the middle of the week.

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Edmonton real estate prices
Jan413
Edmonton real estate listings

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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3 Responses to “Edmonton Real Estate Market Weekly Update – Jan. 4/13”

  1. a common guyNo Gravatar 07. Jan, 2013 at 10:16 pm #

    Got the city assessments today for properties I own (including our own house) and the numbers for 2013 are mostly lower by about 1%; if these numbers have any value to them…

    • wsnNo Gravatar 08. Jan, 2013 at 9:15 am #

      No, they don’t.

    • wsnNo Gravatar 08. Jan, 2013 at 9:16 am #

      The city would lower the assessments a bit, if there are too many complaints. They simply raise the mill rate a bit to make it back.