Weekly Market Update, May 16/14
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: 676 (664, 615, 451)
# Sales: 432 (346, 369, 296)
Ratio: 64% (52%, 60%, 65%)
# Price Changes: 261 (284, 220, 178)
# Expired/Off Market Listings: 115 (90, 207, 67)
Net loss/gain in listings this week: 129 (228, 39, 91)
Active single family home listings: 2633 (2532, 2372, 2349)
Active condo listings: 1652 (1607, 1519, 1494)
Homes 4-week running average: $438k ($426k, $426k, $419k)
Condos 4-week running average: $248k ($252k, $251k, $250k)
Another week with lots of new listings. The number of new listings typically peaks in May, and we’ve seen over 600 listings per week in May in 2011, 2009 and 2008, but not for the past couple of years. The running average price for single family homes also jumped this week, and should be hitting it’s peak for 2014 sometime between now and the end of June.
Have a great long 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.