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Weekly Market Update, Sep. 16/162 x- W& M( {2 i, r; Q/ H" m5 h
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
; x" p4 S6 U7 P7 o' lEDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE4 @4 a0 Z* K/ h+ i
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
1 P( ]# r$ O8 l3 H) d& v2 _7 a/ x5 P3 N1 P$ V
New Listings: 553 (513, 511, 468)
5 [7 n: p3 F& y6 I0 g# Sales: 267 (220, 294, 255)% J l1 w' O1 D5 v& N6 {5 H! C
Ratio: 48% (43%, 58%, 54%)9 K' }4 g! ]. j- o
# Price Changes: 458 (380, 419, 374). q; h" ~ A( b. H) C1 D2 G
# Expired/Off Market Listings: 226 (208, 497, 174)
. p6 B0 `9 J9 ?) k0 w: U. HNet loss/gain in listings this week: 60 (85, -280, 39)
0 L( U7 X2 B% d9 _1 _& S, _Active single family home listings: 3,305 (3,285, 3,195, 3,356)3 n1 F) `0 W- P' [: i- P0 B1 y/ g
Active condo listings: 2,412 (2,356, 2,325, 2,463)* n, k2 x. Z, C$ y( ?# h. q
Homes 4-week running average: $428k ($429k, $430k, $434k)
; P! M* y8 C, _! r, NCondos 4-week running average: $249k ($249k, $251k, $257k)
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).* c, x* J+ ~' \3 r
' \/ a8 Y9 q) Q; W; p: R+ e0 @listingsandsales6 {: Z, ~6 T! V; ]/ P" E. o# r& b
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