Weekly Update, Feb. 21/14

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Go Canada!

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

For the past 7 days:
New Listings: 370 (365, 404, 342)
# Sales: 217 (217, 235, 199)
Ratio: 59% (59%, 58%, 58%)
# Price Changes: 98 (94, 109, 93)
# Expired/Off Market Listings: 96 (85, 217, 98)
Net loss/gain in listings this week: 57 (63, -71, 45)
Active single family home listings: 1786 (1781, 1738, 1761)
Active condo listings: 1196 (1131, 1106, 1074)
Homes 4-week running average: $409k ($408k, $415k, $415k)
Condos 4-week running average: $245k ($246k, $241k, $231k)

Looking a lot like last week! Back to the game...

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Listings and Sales
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Edmonton Home Prices

Go Canada Go!!!!

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.

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6 Responses to “Weekly Update, Feb. 21/14”

  1. GMNo Gravatar 23. Feb, 2014 at 5:53 pm #

    According to this graph Edmonton house prices jumped from under $410,000 at the end of December to about $417,000 at the beginning of January. And condo’s fell by almost $10,000 at the same period of time. Wild.

  2. CastledownsNo Gravatar 23. Feb, 2014 at 7:13 pm #

    Most of the new built are: Above $417000 for single family homes with double garage; Above $245000 for two bedroom condos; Plus upgrades, plus GST.

  3. JoJoNo Gravatar 24. Feb, 2014 at 2:47 pm #

    Is there a way to search for homes that have a legal basement suite?

  4. JohnNo Gravatar 25. Feb, 2014 at 10:28 pm #

    Calgary single family home prices are on pace to set an all-time record.  Month-to-date, the average price of a SFH is $550,438 with a median price of $485,000.

    We are generally behind Calgary by $80,000-$100,000, if this is any indication, then prices will definitely go up. If people are going to wait any longer to get into housing, especially the mature neighbourhoods, they are going to be in for a shock in a couple of years, pretty sure people in Calgary are. The biggest issue is the rents are not coming down, if anything they are going up. I think Alberta is one of the only places where the rent is way too high compared to the purchase price of the house.

  5. JohnNo Gravatar 25. Feb, 2014 at 10:37 pm #

    As an investor it kinda of sucks in decent mature neighbourhoods, there isn’t much inventory to choose from especially if you want something decent 1,200 sqft house for under $375,000. People are saying the last couple of years prices haven’t gone up that much, but from what I see, it has especially the older neighbourhoods. Even areas around Chinatown, try finding something decent for around $280,000, probably has something to do so many projects in downtown.

  6. SPENo Gravatar 26. Feb, 2014 at 9:45 am #

    I have also noticed an increase in prices in the mature neighbourhoods.