Edmonton Real Estate Market Weekly Update – Mar. 2/12
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 483 (351, 450 465)
# Sales: 256 (184, 202, 193)
Ratio: 53% (52%, 45%, 42%)
# Price changes: 186 (146, 163, 147)
# Expired/Off Market Listings: 216 (70, 119, 89)
Net loss/gain in listings this week: 11 (97, 129, 183)
Active single family home listings: 2279 (2244, 2207, 2123)
Active condo listings: 1430 (1422, 1388, 1317)
Homes 4-week running average: $374k ($371k, $368k, $366k)
Condos 4-week running average: $228k ($225k, $219k, $213k)
Three sets of stats in two days, I think that about covers it!
Edmonton real estate listings and sales
Edmonton real estate prices
Have a great weekend!
Edmonton Real Estate Market Weekly Update – Feb. 24/12
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 351 (450 465, 403)
# Sales: 184 (202, 193, 189)
Ratio: 52% (45%, 42%, 47%)
# Price changes: 146 (163, 147, 138)
# Expired/Off Market Listings: 70 (119, 89, 237)
Net loss/gain in listings this week: 97 (129, 183, -23)
Active single family home listings: 2244 (2207, 2123, 2008)
Active condo listings: 1422 (1388, 1317, 1236)
Homes 4-week running average: $371k ($368k, $366k, $359k)
Condos 4-week running average: $225k ($219k, $213k, $210k)
The REALTORS® Association of Edmonton is reporting 918 sales so far this month fro the Greater Edmonton area, which should put us around 1200 sales for the month (average if you don't count '06 and '07). All in all things are looking pretty typical so far this year.
Edmonton real estate prices
Edmonton real estate listings and sales
Have a great weekend!
Edmonton Real Estate Market Weekly Update – Feb. 17/12
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 450 (465, 403, 358)
# Sales: 202 (193, 189, 177)
Ratio: 45% (42%, 47%, 49%)
# Price changes: 163 (147, 138, 119)
# Expired/Off Market Listings: 119 (89, 237, 122)
Net loss/gain in listings this week: 129 (183, -23)
Active single family home listings: 2207 (2123, 2008, 2020)
Active condo listings: 1388 (1317, 1236, 1237)
Homes 4-week running average: $368k ($366k, $359k, $358k)
Condos 4-week running average: $219k ($213k, $210k, $208k)
The REALTORS® Association of Edmonton is reporting 639 sales so far this month for the Greater Edmonton Area, which should put us around 1150 sales at the end of the month (right in line with last year). Our agents are very busy showing properties, but our clients are finding the good ones sell very quickly, and often with multiple offers. There is no particular price range or area that is performing exceptionally well (except for newer half duplexes in the south west), it just seems that well priced and well presented properties are gobbled up quickly. It's not like inventory is low, but there does seem to be a lack of really good properties for sale at the moment, so when something really good comes up it goes quickly. We think if there were more good properties on the market, sales would be higher.
Edmonton real estate prices
Edmonton real estate listings and sales
Edmonton Real Estate Market Weekly Update – Feb. 10/12
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 465 (403, 358, 383)
# Sales: 193 (189, 177, 139)
Ratio: 42% (47%, 49%, 36%)
# Price changes: 147 (138, 119, 111)
# Expired/Off Market Listings: 89 (237, 122, 160)
Net loss/gain in listings this week: 183 (-23, 59, 84)
Active single family home listings: 2123 (2008, 2020, 2013)
Active condo listings: 1317 (1236, 1237, 1182)
Homes 4-week running average: $366k ($359k, $358k, $353k)
Condos 4-week running average: $213k ($210k, $208k, $211k)
The REALTORS® Association of Edmonton is reporting 315 sales so far this month for the Greater Edmonton area, which should put us around 1000 sales for February (below average).
Edmonton real estate prices
Edmonton real estate listings and sales
Have a great weekend!
Edmonton Real Estate Market Weekly Update – Feb. 3/12
EdmontonRealEstateMarketUpdate
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 403 (358, 383, 438)
# Sales: 189 (177, 139, 109)
Ratio: 47% (49%, 36%, 25%)
# Price changes: 138 (119, 111, 125)
# Expired/Off Market Listings: 237 (122, 160, 143)
Net loss/gain in listings this week: -23 (59, 84, 186)
Active single family home listings: 2008 (2020, 2013, 1972)
Active condo listings: 1236 (1237, 1182, 1139)
Homes 4-week running average: $359k ($358k, $353k, $357k)
Condos 4-week running average: $210k ($208k, $211k, $220k)
Edmonton real estate listings and sales
Edmonton real estate listings and sales
Had enough stats this week so I'll leave it at that. Enjoy the weekend!
Edmonton Real Estate Market Weekly Update – Jan. 27/12
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 358 (383, 438, 239)
# Sales: 177 (139, 109, 74)
Ratio: 49% (36%, 25%, 31%)
# Price changes: 119 (111, 125, 73)
# Expired/Off Market Listings: 122 (160, 143, 577)
Net loss/gain in listings this week: 59 (84, 186, -412)
Active single family home listings: 2020 (2013, 1972, 1843)
Active condo listings: 1237 (1182, 1139, 1067)
Homes 4-week running average: $358k ($353k, $357k, $366k)
Condos 4-week running average: $208k ($211k, $220k, $223k)
The REALTORS® Association of Edmonton is reporting 684 sales so far this month for the greater Edmonton area. The pace has picked up each week this month and we should end up with around 800-850 sales by the end of the month (similar to last year, but below average overall).
Edmonton real estate prices
Edmonton real estate listings and sales
Have a great weekend!
Edmonton Real Estate Market Weekly Update – Jan. 20/11
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 383 (438, 239, 69)
# Sales: 139 (109, 74, 91)
Ratio: 36% (25%, 31%, 132%)
# Price changes: 111 (125, 73, 29)
# Expired/Off Market Listings: 160 (143, 577, 105)
Net loss/gain in listings this week: 84 (186, -412, -127)
Active single family home listings: 2013 (1972, 1843, 2094)
Active condo listings: 1182 (1139, 1067, 1209)
Homes 4-week running average: $353k ($357k, $366k, $366k)
Condos 4-week running average: $211k ($220k, $223k, $231k)
The REALTORS® Association of Edmonton is reporting 424 sales so far this month for the Greater Edmonton area. The pace should pick up, but with only 11 days left in the month it looks like we will see below average sales for January. It's kind of hard to believe, because when we are trying to make appointments to show properties to buyers it's hard to find many that aren't pending. We've had a few clients miss out on properties they really liked this week while they were thinking about making an offer. If you're in an area where there are no for sale signs, and are thinking of selling, this may be the time. On the other hand, if you tried to sell last year and were unsuccessful, and are thinking of bringing your home back on the market at a higher price (we are seeing a lot of that, especially in St. Albert), prepare for more disappointment.
Edmonton real estate prices
Edmonton real estate listings and sales
Edmonton Real Estate Market Weekly Update – Jan. 13/12
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 438 (239, 69, 152)
# Sales: 109 (74, 91, 172)
Ratio: 25% (31%, 132%, 113%)
# Price changes: 125 (73, 29, 68)
# Expired/Off Market Listings: 143 (577, 105, 221)
Net loss/gain in listings this week: 186 (-412, -127, -241)
Active single family home listings: 1972 (1843, 2094, 2167)
Active condo listings: 1139 (1067, 1209, 1246)
Homes 4-week running average: $357k ($366k, $366k, $371k)
Condos 4-week running average: $220k ($223k, $231k, $227k)
I'm beginning to believe, based on seasonality and trends, that January is my new favourite time to look for a property. It used to be December, because there was not much going on and sellers were motivated. However, given how inventory has come on in January in recent years, and how it outperforms sales, it seems like a good time to shop with lower competition and prices, and more selection.
Edmonton Real Estate Prices
Edmonton real estate listings and sales
Edmonton Real Estate Market Weekly Update – Jan. 6/12
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 239 (69, 152, 169)
# Sales: 74 (91, 172, 155)
Ratio: 31% (132%, 113%, 92%)
# Price changes: 73 (29, 68, 128)
# Expired/Off Market Listings: 577 (105, 221, 197)
Net loss/gain in listings this week: -412 (-127, -241, -183)
Active single family home listings: 1843 (2094, 2167, 2268)
Active condo listings: 1067 (1209, 1246, 1311)
Homes 4-week running average: $366k ($366k, $371k, $369k)
Condos 4-week running average: $223k ($231k, $227k, $225k)Well, there is no New Year's hang over when it comes to real estate in Edmonton, people were busy getting homes (back) on the market this week. The numbers this week are much the same as they were at this time last year - very few sales, tons of expired listings, and tons of new listings. We should continue to see the inventory grow for the next few months. The average price for condos and single family homes starts out the year ahead of last year, but this doesn't mean a whole lot because the number of sales is low, so the sample size is small creating larger fluctuations in the average. We'll see what happens over the next few weeks as sales start to increase.
Edmonton real estate prices
Edmonton real estate listings and sales
Edmonton Real Estate Market Weekly Update – Dec. 30/11
Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 69 (152, 169, 213)
# Sales: 91 (172, 155, 132)
Ratio: 132% (113%, 92%, 62%)
# Price changes: 29 (68, 128, 102)
# Expired/Off Market Listings: 105 (221, 197, 123)
Net loss/gain in listings this week: -127 (-241, -183, -42)
Active single family home listings: 2094 (2167, 2268, 2393)
Active condo listings: 1209 (1246, 1311, 1359)
Homes 4-week running average: $366k ($371k, $369k, $367k)
Condos 4-week running average: $231k ($227k, $225k, $224k)
Exactly as expected for the last week of the year. We'll have our monthly numbers in a couple of days so I'll keep this short and sweet.
Edmonton Real Estate Listings and Sales
Edmonton Home Prices
Happy New Year!