Weekly Market Report, Dec. 23/16
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 190 (213, 278, 290)
# Sales: 180 (161, 137, 208)
Ratio: 95% (76%, 49%, 72%)
# Price Changes: 122 (127, 206, 266)
# Expired/Off Market Listings: 262 (238, 218, 443)
Net loss/gain in listings this week: -252 (-186, -77, -361)
Active single family home listings: 2,434 (2,544, 2,641, 2,680)
Active condo listings: 1,997 (2,070, 2,145, 2,137)
Homes 4-week running average: $431k ($432k, $427k, $437k)
Condos 4-week running average: $243k ($235k, $236k, $241k)
The end of December and beginning of January are typically the slowest weeks of the year for real estate in Edmonton, but we saw a bit of an uptick in sales this week. Our office is getting more requests than we can handle, which is not unusual but it is unusual at this time of year. I’m not suggesting this is a trend, probably just an anomaly, perhaps people are trying to take advantage of interest rates. I know of one listing that came on last week that went pending the same day; I know of plenty of other listings that have been on the market for a looooooooong time.
Good cheer, great hope and the best that the Christmas season has to offer for you and your family as you celebrate this time of togetherness. Merry Christmas!
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.