Weekly Real Estate Market Update, Feb. 24/17 – Updated
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 516 (424, 475, 440)
# Sales: 224 (235, 200, 198)
Ratio: 43% (55%, 42%, 45%)
# Price Changes: 219 (248, 198, 240)
# Expired/Off Market Listings: 124 (140, 136, 322)
Net loss/gain in listings this week: 168 (49, 139, -80)
Active single family home listings: 2,479 (2,400, 2,371, 2,293)
Active condo listings: 2,100 (2,017, 1,981, 1,909)
Homes 4-week running average: $418k ($420k, $424k, $421k)
Condos 4-week running average: $240k ($245k, $246k, $249k)
*UPDATE – March 3* Some of you noticed some issues with the numbers in this post and were in fact correct. It looks as though my spreadsheet didn’t save correctly and a week of data went missing. I’ve updated the numbers above and removed the charts because I can’t fix them retroactively. New charts are up on the March 3 post.
Some good news this week from the Conference Board of Canada – Alberta is expected to lead the country in GDP growth this year. Nice! Reading between the lines, to me, this means the rest of the country isn’t going to be doing all that well next year. They’re projecting 2.8% GDP growth for Alberta this year:
“While considerably better than what we have seen over the last two years, it is well below the average increase of 3.2 per cent in the decade leading up to the recession,” the report says.
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.