Edmonton Real Estate Market Weekly Update, March 22/13

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: 390 (455, 521, 373)
# Sales: 296 (243, 241, 228)
Ratio: 76% (53%, 46%, 61%)
# Price Changes: 158 (160, 140, 146)
# Expired/Off Market Listings: 85 (59, 188, 191)
Net loss/gain in listings this week: 85 (153, 92, -46)
Active single family home listings: 2088 (2065, 1970, 1823)
Active condo listings: 1549 (1549, 1467, 1398)
Homes 4-week running average: $403k ($402k, $393k, $394)
Condos 4-week running average: $241 ($238k, $233k, $229k)

Fairly sizeable jump in sales this week, I expect it will increase next week as well, based on the activity at our office. Although there were a lot of showings cancelled yesterday, they all seem to be re-booking today. That said, Spring Break and Easter weekend could cool things off a bit. You really don't know what's under all that snow when you're considering buying a home buried under 3 feet of the fluffy stuff. Sure looks pretty though! 

RealEstateListingsandSales 3
Real Estate Listings and Sales
RealEstatePrices 3
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.

del.icio.us Digg

10 Responses to “Edmonton Real Estate Market Weekly Update, March 22/13”

  1. mavvrickNo Gravatar 22. Mar, 2013 at 10:53 am #

    Very impressive numbers on all fronts, i’m almost suprised at the continued strength of the Edm market. Too all the renters out there who think Edm’s housing market is in correction mode ….open your eye’s!

  2. wsnNo Gravatar 22. Mar, 2013 at 12:03 pm #

    Late March and an inventory of 2088 SFH. I like it.

  3. GMNo Gravatar 22. Mar, 2013 at 2:53 pm #

    You can almost hear the starting gun going off.

    AND THEY’RE OFF! Here come the buyers out of hibernation. Another spring housing market is up and running.

  4. Average JoeNo Gravatar 22. Mar, 2013 at 11:35 pm #

    A little bit of optimism in the air… I like it.

  5. AMcNo Gravatar 23. Mar, 2013 at 11:43 am #

    Throw in a couple major pipelines and another plant or two worth oooooh lets say another 15 billion and watch what happens. Oh and unemployment at almost zero. I can see this trend for a few years yet.

  6. Inspector GadgetNo Gravatar 23. Mar, 2013 at 8:12 pm #

    Wow….it sure doesnt take much to get the bulls counting their money! A little Kenny Rogers advice might be good here.
    Trend is up…but tis the season and mortgages are free. Time will tell.

  7. Average JoeNo Gravatar 24. Mar, 2013 at 12:43 am #

    Time will indeed tell all. As well as translate to dollar, dollar bills y’all!

  8. MS. MarieNo Gravatar 25. Mar, 2013 at 12:40 pm #

    Hi Sarah,

    Is the Median price moving with the Average? Thanks!

    • Sara MacLennanNo Gravatar 25. Mar, 2013 at 1:01 pm #

      Yes – link to edmontonrealestateblog.com

      • Sara MacLennanNo Gravatar 25. Mar, 2013 at 1:38 pm #

        I had a link at the numbers for this month so far, and the average is increasing faster than the median… I will have a full report on the 1st.