Weekly Market Update, June 20/14
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: 586 (610, 604, 559)
# Sales: 381 (401, 408, 362)
Ratio: 65% (66%, 68%, 65%)
# Price Changes: 288 (312, 310, 295)
# Expired/Off Market Listings: 114 (105, 198, 117)
Net loss/gain in listings this week: 91 (104, -2, 80)
Active single family home listings: 2935 (2851, 2765, 2767)
Active condo listings: 1783 (1743, 1711, 1693)
Homes 4-week running average: $429k ($435k, $435k, $438k)
Condos 4-week running average: $258k ($260k, $253k, $252k)
We’ve been in Jasper all week at an AREA Leadership Conference, so I don’t have much first hand knowledge of what happened in Edmonton this week. Heard some interesting stories about what’s happening in the rest of Province, Calgary’s market is much hotter than ours, which is still well ahead of last year. Everywhere in the province, well priced and marketed properties are selling very quickly, while over priced properties are sitting on the market, often for months. We’ve definitely noticed the higher end of the market is starting to move – tried showing a client a number of $1 million plus listings last weekend and they were all pending.
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.