Edmonton Real Estate Market Weekly Update, March 8/13

by Sara MacLennan on March 8, 201308. Mar, 2013 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 number are in brackets). For the past 7 days:

New Listings: 521 (373, 394, 396)
# Sales: 241 (228, 205, 204)
Ratio: 46% (61%, 52%, 52%)
# Price Changes: 140 (146, 137, 123)
# Expired/Off Market Listings: 188 (191, 109, 87)
Net loss/gain in listings this week: 92 (-46, 80, 105)
Active single family home listings: 1970 (1823, 1820, 1781)
Active condo listings: 1467 (1398, 1439, 1388)
Homes 4-week running average: $393k ($394, $396k, $391k)
Condos 4-week running average: $233k ($229k, $235k, $223k)

There was a big jump in new listings this week, that is only partially accounted for in the re-listing of properties that expired last week. The inventory of both condo and single family homes both jumped, but we are still behind last year’s levels and below average. The inventory of single family homes under $450k increased, but only slightly, so the pressure is still on in that segment of the market. 

RealEstatePrices 1
Real Estate Prices
RealEstateListingsandSales 1
Real Estate Listings and Sales

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

24 Responses to “Edmonton Real Estate Market Weekly Update, March 8/13”

  1. birdladyNo Gravatar 08. Mar, 2013 at 12:09 pm #

    Based on previous years #’s with respect to inventory levels which I have tracked for the last few years, inventory usually starts to jump mid March and peaks in May. I don’t believe the inventory was going to continue to drop but I may be mistaken – however does anyone really know for sure?. In my personal opinion, any buyers looking at the under $450K price range who are panicking and buying quickly may regret that decision especially if they are over-paying for properties that may not be worth what they are asking.

    It’s like the people who lock into mortgages quickly because they hear rates are going up only to see the banks lower the rates on certain terms. People grab up houses because they fear there will be nothing to buy only to find that the inventory goes up with more choice and better choice. Fear mongering!

    • GMNo Gravatar 08. Mar, 2013 at 3:50 pm #

      Nothing sells like perceived scarcity!

      Salespeople have known that for centuries.

  2. Karl HungusNo Gravatar 08. Mar, 2013 at 12:23 pm #

    its always been like that. Fear and greed.

  3. birdladyNo Gravatar 08. Mar, 2013 at 12:44 pm #

    oh, and the average prices are from last week.

    • Sara MacLennanNo Gravatar 08. Mar, 2013 at 1:13 pm #

      weird… it’s fixed.

  4. StephNo Gravatar 10. Mar, 2013 at 6:50 pm #

    New listings up 50 percent, sales up 10 percent. Is that informed enough for the peanut gallery? Come on spin doctors through, me some numbers.

    • birdladyNo Gravatar 11. Mar, 2013 at 10:33 am #

      Steph, do you think that you could re-read your comment before hitting submit to see if it actually makes sense?

      • wsnNo Gravatar 11. Mar, 2013 at 10:51 am #

        If he had that kind of intelligence, he wouldn’t be still renting and feeling angry.

  5. StephNo Gravatar 11. Mar, 2013 at 7:15 pm #

    Way to go peanut gallery. You noticed the spelling mistake. Bravo. WSN your comment is especially good. Why would i drop 400 grand on house that’s worth no more then 250? Only a fool would do that. I’m quite happy paying 1190 a month rent for a 400 thousand dollar house. People with real money ( not mortgaged) don’t need to be so greedy on account of they actually own the house. I’ll stay debt free thank you very much. You keep giving your buddy’s at the bank you’re money. Maybe take them out for a fancy diner and put it on the credit card or line of credit. I’m sure you’ll get around to paying it off.

    • GMNo Gravatar 11. Mar, 2013 at 8:00 pm #

      Steph…

      That should be YOUR money, not you’re money. Also, it’s spelled DINNER, not diner. That is the place one goes to have dinner.

      Just trying to help you out.

      • StephNo Gravatar 11. Mar, 2013 at 10:26 pm #

        I don’t need your help but thanks anyways. I never take advice from people worse off then me.

    • BirdladyNo Gravatar 11. Mar, 2013 at 8:32 pm #

      Hey Steph, all I have seen from your comments is negatives and insults. Personally I can’t really take any negatives from someone who obviously has issues with grade school spelling and writing. However this is a real estate blog so I’m not going to get into a major discussion with you on this.

      Some of us would like to see real estate go up – some of us would like to see it go down. Depends on whether you are buying or selling – but every comment or prediction on the state of real estate is why this blog exists so no personal attacks required.

      • StephNo Gravatar 11. Mar, 2013 at 10:30 pm #

        Funny, who’s insulting who? The truth is the truth no matter how it’s spelled. You make sure to keep using your spell check Birdlady.

  6. a common guyNo Gravatar 11. Mar, 2013 at 8:02 pm #

    You know you make a fool of yourself (if haven’t done already) to claim the rent of a $400k house is $1190.

    • GMNo Gravatar 11. Mar, 2013 at 8:03 pm #

      Possibly the main floor or the basement, but not both for that price.

      • StephNo Gravatar 11. Mar, 2013 at 10:34 pm #

        Full house GM. You want to rent the basement?

        • GMNo Gravatar 11. Mar, 2013 at 11:10 pm #

          Yes I do. What’s the address?

    • StephNo Gravatar 11. Mar, 2013 at 10:31 pm #

      A little defensive common guy.

  7. DanNo Gravatar 11. Mar, 2013 at 9:49 pm #

    Steph…. That is compete BS. I’m getting $1850 for my little condo worth $360. Unless of course you are renting just the basement, like some suggested. But good try there Mr wise one.

    • StephNo Gravatar 11. Mar, 2013 at 10:32 pm #

      Keep me posted on how that works out for you Dan. Good luck.

  8. StephNo Gravatar 11. Mar, 2013 at 10:40 pm #

    OK peanut gallery, i’m out on account of fools faces show up in fools places. It’s been fun though. You guy’s spent all your time mocking me and that’s fine. I’ve been called worse things by better people. The numbers i posted that no one commented on are from this article but no one touched them. I wonder why? Wish you all the best. Oh ya, keep flipping houses. I get a lot of work from your disgruntle customers. Cheers

  9. a common guyNo Gravatar 12. Mar, 2013 at 8:48 am #

    You seem like a drop out who can’t write or spell simple grade 2 words properly, who is an upset renter who thinks can pull BS numbers for others and they will believe his nonsense and insults others intelligence. Feel a bit comfortable if you think the house prices are crashing and all those who own (including your landlord) are in a miserly. In the mean time some of us not only have their mortgage fully paid but also have a few rentals which most of their mortgages are mostly paid by others, some like you.
    I don’t see the point of responding to your posts anymore….

  10. bubuNo Gravatar 12. Mar, 2013 at 9:35 pm #

    a common guy, what is your education by the way?

    • A commong guyNo Gravatar 14. Mar, 2013 at 3:06 pm #

      Probably more than what you think :-)