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!