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: 389 (370, 365, 404)
# Sales: 253 (217, 217, 235)
Ratio: 65% (59%, 59%, 58%)
# Price Changes: 126 (98, 94, 109)
# Expired/Off Market Listings: 73 (96, 85, 217)
Net loss/gain in listings this week: 63 (57, 63, -71)
Active single family home listings: 1838 (1786, 1781, 1738)
Active condo listings: 1231 (1196, 1131, 1106)
Homes 4-week running average: $414k ($409k, $408k, $415k)
Condos 4-week running average: $245k ($245k, $246k, $241k)
With threats of a housing bubble largely overblown, and some saying Edmonton is becoming too expensive, the market is picking up, at least in terms of sales and prices. In the past week I saw two luxury properties in the areas I watch closely sell over list price, one over $1.25 million. I certainly don't see that every week. Finding properties to show our clients has been a challenge of late, to say the least - if you make appointments more than a day in advance half the properties will go pending by the time you get there.
Monthly report will be posted tomorrow - have a great weekend!