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: 480 (393, 464, 531)
# Sales: 310 (272, 333, 340)
Ratio: 65% (69%, 72%, 64%)
# Price Changes: 261 (265, 282, 327)
# Expired/Off Market Listings: 156 (311, 130, 131)
Net loss/gain in listings this week: 14 (-190, 1, 60)
Active single family home listings: 2854 (2801, 2897, 2906)
Active condo listings: 1932 (1944, 2040, 2040)
Homes 4-week running average: $403k ($407k, $412k, $412k)
Condos 4-week running average: $251k ($258k, $253k, $252k)
Sheldon and I attended a real estate conference in San Francisco this week, that is heavily focused on technology and marketing. We're coming home with our heads full of new ideas. Unfortunately that also means we didn't have much time for blogging this week. Anyway, here is our update...
The average price has clearly peaked for 2013, and is now on its seasonal path down. As we've already discussed, the average condo price was heavily boosted by an increase in luxury sales, and it is now starting to return to more normal levels.