Weekly Market Update, March 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: 462 (474, 477, 479)
# Sales: 330 (289, 300, 225)
Ratio: 71% (61%, 63%, 47%)
# Price Changes: 153 (165, 147, 140)
# Expired/Off Market Listings: 79 (88, 82, 150)
Net loss/gain in listings this week: 53 (97, 95, 104)
Active single family home listings: 2104 (2090, 1993, 1907)
Active condo listings: 1371 (1333, 1311, 1275)
Homes 4-week running average: $431k ($430k, $424k, $422k)
Condos 4-week running average: $243k ($245k, $242k, $240k)
Well I think it’s safe to say the spring market is officially here, and the inventory of single family homes on the market is the lowest it’s been in at least 7 years. Our agents are having a tough time finding much to show – when we go to make appointments for showings we find about half the listings are actually pending. Full report on April Fool’s Day!
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.