Weekly Market Update, Dec. 2/16
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 290 (327, 432, 409)
# Sales: 208 (189, 172, 195)
Ratio: 72% (58%, 40%, 48%)
# Price Changes: 266 (262, 280, 312)
# Expired/Off Market Listings: 443 (164, 194, 191)
Net loss/gain in listings this week: -361 (-26, 66, 23)
Active single family home listings: 2,680 (2,884, 2,883, 2,898)
Active condo listings: 2,137 (2,274, 2,304, 2,326)
Homes 4-week running average: $437k ($441k, $434k, $430k)
Condos 4-week running average: $241k ($239k, $246k, $247k)
Great discussion on last week’s post – thanks everyone! If you haven’t already, I encourage you to check out my preliminary monthly report, I’ve added a new chart about the size of homes purchased and some analysis on why the average price has remained stable even though the value of most homes has decreased in the past two years. The REALTORS® Association has just put out their monthly report so I’m working on ours and will have it up this afternoon.
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.