Weekly Update, Feb. 28/14
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: 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!
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.