Weekly Market Update, Aug. 29/14
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 373 (436, 486, 495)
# Sales: 319 (318, 346, 272)
Ratio: 86% (73%, 71%, 55%)
# Price Changes: 258 (252, 281, 250)
# Expired/Off Market Listings: 148 (147, 140, 230)
Net loss/gain in listings this week: -94 (-29, 0, -7)
Active single family home listings: 2823 (2886, 2893, 2906)
Active condo listings: 1651 (1657, 1669, 1680)
Homes 4-week running average: $435k ($435k, $433k, $431k)
Condos 4-week running average: $260k ($251k, $249k, $256k)
Condo prices are certainly fluctuating. A few weeks ago a number of parking stalls brought the average sale price way down, and this week, 3 sales over $1million brought it right back up. Million dollar condo sales are a bit of a rarity in Edmonton – prior to this week the last $1 million dollar sale was in November, 2013. Two of the sales were in new towers that are still in the pre-sales phase.
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.