Weekly Update, Jan. 3/14

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

New Listings: 103 (83, 171, 170)
# Sales: 96 (84, 146, 188)
Ratio: 93% (101%, 85%, 111%)
# Price Changes: 35 (30, 51, 85)
# Expired/Off Market Listings: 414 (114, 168, 143)
Net loss/gain in listings this week: -407 (-115, -143, -161)
Active single family home listings: 1513 (1712, 1767, 1853)
Active condo listings: 967 (1121, 1154, 1194)
Homes 4-week running average: $418k ($409k, $417k, $414k)
Condos 4-week running average: $233k ($242k, $244k, $241k)

January1one
Edmonton Real Estate Prices
January2two
Edmonton Real Estate Listings and Sales

Next week we will have the new charts for 2014; since it is a line graph, we need more than one data point, which by next week, we will have.

Stay warm and 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

6 Responses to “Weekly Update, Jan. 3/14”

  1. ShawnNo Gravatar 03. Jan, 2014 at 11:31 am #

    Houses increase 9K while condo drop 9K. This is a surprise since typically increases or decreases don’t deviate this much with the two types of properties. What happened here Sara?

    • 123kidNo Gravatar 03. Jan, 2014 at 12:16 pm #

      inventory

  2. RippedNo Gravatar 03. Jan, 2014 at 7:30 pm #

    Just weekly numbers that never add up or can be verified.

  3. CastledownsNo Gravatar 08. Jan, 2014 at 2:58 am #

    When do you mark a property “SOLD” in MLS? When its IN PENDING? If the possession date is the “SOLD” day, then summer state could be 3-4 months behind?

    >>
    Sales: The number of listings marked sold in the past week. A number of “sold” listings will not get counted each week because REALTORS® have two days to report a sale. For example, if a listing is sold on Thursday, but not reported until Saturday it will not appear in any weekly report since my snapshot occurs on a Friday and includes only sales that occurred and were reported in the past seven days. The assumption is that the percentage of unreported sales is fairly steady (I have tracked this number on a monthly basis for a few years and it is quite consistent).

    Read more: The Edmonton Real Estate Blog | Understanding the Stats

  4. CastledownsNo Gravatar 08. Jan, 2014 at 2:59 am #

    typo: stat, not state.

  5. jk37No Gravatar 10. Jan, 2014 at 12:00 pm #

    Hi, just wondering what the average price per square foot was in December for single family homes.

    Thanks

    Josh