Weekly Market Update, June 27/14
Happy Canada Day
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 518 (586, 610, 604)
# Sales: 358 (381, 401, 408)
Ratio: 69% (65%, 66%, 68%)
# Price Changes: 320 (288, 312, 310)
# Expired/Off Market Listings: 118 (114, 105, 198)
Net loss/gain in listings this week: 42 (91, 104, -2)
Active single family home listings: 2948 (2935, 2851, 2765)
Active condo listings: 1802 (1783, 1743, 1711)
Homes 4-week running average: $426k ($429k, $435k, $435k)
Condos 4-week running average: $256k ($258k, $260k, $253k)
And so the annual summer exodus from the city begins… this is when the market usually takes a marked turn downwards, as families focus on vacations, not finding homes.
This weekend is also typically the busiest weekend of the year for conveyancers, movers, and condo elevator bookings as everyone seems to want to take possession of their new homes on the last weekend of June.
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.