Edmonton Real Estate Market Weekly Update – Feb. 15/13

by Sara MacLennan on February 15, 201315. Feb, 2013 in Edmonton Real Estate Market, Tips for Home Buyers, Weekly Update

EdmontonRealEstateMarketUpdate
Edmonton Real Estate Market Update

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

New Listings: 396 (404, 329, 309)
# Sales: 204 (179, 157, 188)
Ratio: 52% (44%, 48%, 61%)
# Price Changes: 123 (104, 110, 99)
# Expired/Off Market Listings: 87 (222, 228, 93)
Net loss/gain in listings this week: 105 (3, -56, 28)
Active single family home listings: 1781 (1728, 1686, 1700)
Active condo listings: 1388 (1334, 1263, 1265)
Homes 4-week running average: $391k ($388k, $387k, $379k)
Condos 4-week running average: $223k ($216k, $217k, $212k)

We are definitely at the beginning of the spring market – prices and sales are on the rise. Our agents are finding the inventory is low, and listings are going pending quickly (after only a few days on the market). It’s quite common to have 8 properties picked out to show your client only to find out they are all pending. So it can be frustrating for buyers and their agents in Edmonton right now. This also tends to lead to faster decision making on the part of buyers – they get the sense that if they don’t move quickly they will miss out. If you are thinking of buying right now, make sure you do your homework first so you don’t feel pressured to move faster than you need to.

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Edmonton Real Estate Prices
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Edmonton Real Estate Listings and Sales

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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One Response to “Edmonton Real Estate Market Weekly Update – Feb. 15/13”

  1. Glenbrook Calgary realtorNo Gravatar 27. Feb, 2013 at 6:26 am #

    Thank you very much for providing this useful numbers.