Weekly Update, Jan. 31/14
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: 342 (333, 307, 321)
# Sales: 199 (168, 129, 116)
Ratio: 58% (50%, 42%, 36%)
# Price Changes: 93 (110, 88, 84)
# Expired/Off Market Listings: 98 (85, 125, 91)
Net loss/gain in listings this week: 45 (80, 53, 114)
Active single family home listings: 1761 (1731, 1658, 1614)
Active condo listings: 1074 (1064, 1030, 990)
Homes 4-week running average: $415k ($420k, $424k, $426k)
Condos 4-week running average: $231k ($230k, $234k, $232k)
Average price continues to head down to a more realistic range, listings and sales are still lagging behind last year. We’re having a tough time finding properties for our clients and most people aren’t going to jump into something less than perfect at this time of year. Here’s hoping for more inventory…
There were a lot of real estate related stories in Edmonton this week, some we covered on the blog, and some we didn’t:
- Alberta New Home Buyer Protection Plan Comes Into Effect Feb. 1
- Luxury Market Taking Off
- Evolving Infill in Edmonton – Deadline for submissions Jan. 31
- Glenora Luxury Condo Towers Idled for Financial Restructuring
- City Auditor Finds Backlog of 40,000 building permit inspections
It’s the last day of the month so I’ll post some monthly numbers tomorrow.
Have a great weekend!
About Sara MacLennan
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.