Weekly Market Update, April 25/14

EdmontonRealEstateMarketUpdate
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: 451 (567, 581, 492)
# Sales: 296 (411, 327, 334)
Ratio: 65% (72%, 56%, 68%)
# Price Changes: 178 (155, 186, 161)
# Expired/Off Market Listings: 67 (84, 59, 167)
Net loss/gain in listings this week: 91 (72, 195, -9)
Active single family home listings: 2349 (2274, 2234, 2120)
Active condo listings: 1494 (1462, 1424, 1350)
Homes 4-week running average: $426k ($419k, $422k, $431k)
Condos 4-week running average: $251k ($250k, $248k, $247k)

Interesting... listings and sales dropped this week. I bet they'll rebound next week! Full monthly report coming next week. 

ListingsandSales 3
Listings and Sales
AveragePrice 3
Average Price

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.

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19 Responses to “Weekly Market Update, April 25/14”

  1. DougNo Gravatar 25. Apr, 2014 at 5:42 pm #

    Looking good, prices are starting their climb again!

    • FeatNo Gravatar 26. Apr, 2014 at 7:50 am #

      a little selling in the million range would account for the increase on the average price.

      • wsnNo Gravatar 26. Apr, 2014 at 10:13 am #

        Where did you learn your English?

  2. GMNo Gravatar 26. Apr, 2014 at 1:37 am #

    Listings down, prices up.
    Basic supply and demand.

    But why are listings down?

    • wsnNo Gravatar 26. Apr, 2014 at 10:17 am #

      When both listing and sales are down (or up) at the some time, it’s usually due to the weather or the long weekend.

  3. TonyNo Gravatar 28. Apr, 2014 at 9:52 am #

    With the changes that take place after My 30th people will think twice about buying second, third, fourth etc properties knowing full well when the real estate bubble bursts in Canada it will take the entire country down. Not just Vancouver, Victoria and the Toronto area.

    • 123kidNo Gravatar 28. Apr, 2014 at 11:23 am #

      Tony, there is nothing to indicate the truth to your statement(s). For years now, naysayers like you, have falsely stated the pending burst of a bubble.

      For Alberta, we have one of the biggest migrations of people age 20-45 ever in history (second largest was during the gold rush).
      This age group contributes to new “HOUSE HOLD FORMATION” as they begin to start new families and opportunities. Vis a vis other jurisdictions (other countries), we are second behind India when considering the influx of people in this age group.
      Alberta shows all the characteristics of an emergent economy, for years to come (especially in light of such low interest rates)

      So…. go dig yourself a hole and come out when like anything, there is a periodic dip in the markets…. LONG TERM, your statements are meaningless…. But in the short term, if you consider your house to be an investment (rather than a place to live), then you may see a dip in your real estate investment portfolio.

      The bubble exists only because you have middle men coming into the equation wanting more and more fees for less and less…..

      Tony, you are yet another Garth Turner doomsayer wanna be.

  4. Karl HungusNo Gravatar 28. Apr, 2014 at 2:19 pm #

    The fact that you think there is such thing as “Canadian real estate” tells me everything I need to know about your comments.

    • 123kidNo Gravatar 30. Apr, 2014 at 6:41 pm #

      then why are you on trolling as you read through the “Edmonton/Canada” Real Estate Blog?

  5. FeatNo Gravatar 29. Apr, 2014 at 8:46 am #

    People who are employed in other city won’t come to Edmonton, People who relocate here are all unemployed, they are not eligible to buy a house.

    • a common guyNo Gravatar 29. Apr, 2014 at 9:28 am #

      What makes you think that all people move first and the find a job?
      Everybody I know who is a new comer is because they had a job offer, hence made the move; and unless you are new to Canada you usually have a credit history.

      • JoJoNo Gravatar 29. Apr, 2014 at 3:27 pm #

        Everyone I know who came to Edmonton came because they already found a job too…I don’t know anyone who moved here without knowing whether they can find a job or not.

    • 123kidNo Gravatar 30. Apr, 2014 at 6:38 pm #

      “People who are employed in other city won’t come to Edmonton, People who relocate here are all unemployed, they are not eligible to buy a house.” Feat – April 29, 2014

      You must be joking….Is it not the other way around? The under/un employed from the rest of North America are coming here to relocate, and some still have a chance at buying a stand alone home….

      Also, you have not answered wsn’s question noted above: “Where did you learn your English?”

      • FeatNo Gravatar 01. May, 2014 at 8:18 am #

        The original sentence was: a great number selling in the $350k – $450k range would account for the drag on the average price.
        You know who said it.

  6. RippedNo Gravatar 30. Apr, 2014 at 8:20 pm #

    You come to Edmonton because you dropped out of school and are nothing more than a general contractor but you can make more then a degree can.

    • DaBullNo Gravatar 01. May, 2014 at 7:22 am #

      So who’s the smart ones? Go where the work is… mmm? Do what is in demand and in short supply…. mmm? Doesn’t take a degree to figure that out! ;-p.

    • wsnNo Gravatar 01. May, 2014 at 8:29 am #

      Exactly. It’s called supply and demand.

      This happens when there is an over supply of degrees.

  7. RippedNo Gravatar 01. May, 2014 at 10:11 pm #

    I see we have a few general contractors.

    Do you have a set of balls hanging off the back of your RAM 2500′s ?

    lol

    • 123kidNo Gravatar 02. May, 2014 at 3:07 pm #

      Alberta is full of these red neck fly bys that I would not trust a hammer with….