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Weekly Market Update, Sep. 16/16
& H$ d6 V# g; r4 K( i. E+ `$ ]: [6 D: QPOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON! D( |. H6 r: l2 t/ @
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE3 m3 j% i" }5 N, n( |' F
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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New Listings: 553 (513, 511, 468)
1 X a6 A! T, x( L9 T9 a4 E7 H# Sales: 267 (220, 294, 255), W4 M' U+ G" d
Ratio: 48% (43%, 58%, 54%)* J+ ?( b, j, W/ l: J4 O$ p
# Price Changes: 458 (380, 419, 374)
O2 G. H) n0 ]1 R( r9 k, A9 j6 a# Expired/Off Market Listings: 226 (208, 497, 174)& Z0 ?4 p1 Y6 j, o0 R
Net loss/gain in listings this week: 60 (85, -280, 39)
/ g+ q! B+ A+ A& C0 \4 j, S- G) nActive single family home listings: 3,305 (3,285, 3,195, 3,356)+ W1 I( n/ A0 A% K' B
Active condo listings: 2,412 (2,356, 2,325, 2,463)
& u0 @4 c n* R' U7 _Homes 4-week running average: $428k ($429k, $430k, $434k). S/ w; j5 t3 _3 N! E
Condos 4-week running average: $249k ($249k, $251k, $257k)
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).8 y# S0 b5 F* C# Z J
' w5 L* b( d2 E/ M$ y* }+ p4 alistingsandsales
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