Weekly Update on the Edmonton Real Estate Market

qwlimited

2008-11-28
; k* G. w$ h  x/ `Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

& |, ]9 O2 C7 b5 @9 b: I: rNew listings: 297 (321, 356, 430)
# Sales: 169 (162, 146, 155)
' o8 \0 Y% f% W2 Q# b* {Ratio: 57% (50%, 41%, 36%)
# Price changes: 347 (321, 357, 376)
+ I) j( v' p, R; K; o# Expired Listings: 139 (231, 150, 578)
6 R& K, P# f+ ^% i# Canceled/withdrawn/terminated listings: 26 (36, 47, 47)
1 Y! t% |4 g; C  _2 sNet loss/gain in listings this week: -37 (-108, 13, -350)
' ?/ t+ ^/ E/ v/ d* v3 o  Y+ g1 E( SActive listings for single family homes: 3200 (3188, 3236, 3228)
5 n( \  ^: H! `, ^" P# l  X$ RActive listings for condos: 2158 (2177, 2219, 2221)

Sales activity has picked up a bit closer to the end of the month - there have been 856 sales so far, which could put us around 950 for the month, but that is still below average for November. The overall average residential sale price is still holding steady at $318k, single family homes are up slightly to $364k, and down to $231k for condos.

All this activity is fairly normal for November, except for the number of sales. One thing for certain, price per square foot continues to decline, so buyers are getting more for their money.

微笑

"...Current inventory of homes on ComFree is 1781 listings, as the overall inventory moves toward normal levels, which should encourage sellers to hang on a little longer and their property will eventually sell...."
1 g0 S, s, S6 h( t" a
' Y5 ^2 S7 G3 Z& \3200+2158+1781=7139

西红柿酸

hanxishang

waiting much more drop