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Weekly Market Update, Sep. 16/16
( J1 @8 f$ S) e* e; \POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON% }& v% I, }& r& _6 g% ^- [
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE
9 c! E7 n+ ^& y8 ~2 o3 A( t2 u8 O; wHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:& ?0 i7 r+ {1 t* `# I$ B- I
' C) `- {: C! y! K" WNew Listings: 553 (513, 511, 468)
5 G% ^" C( d- h2 m# Sales: 267 (220, 294, 255), S7 \! v- A" A5 e) r
Ratio: 48% (43%, 58%, 54%)
# e4 C# }9 Q, o* v8 q b# Price Changes: 458 (380, 419, 374)
, P6 k8 S7 c/ n# Expired/Off Market Listings: 226 (208, 497, 174)6 I, V; m8 }. D# v9 N
Net loss/gain in listings this week: 60 (85, -280, 39)
. F4 Q4 ~5 @$ z, E6 \Active single family home listings: 3,305 (3,285, 3,195, 3,356)4 j" ?( X1 f, F2 h. H: s0 N, i, y
Active condo listings: 2,412 (2,356, 2,325, 2,463)8 W) n2 ]9 O8 s% x6 t2 M
Homes 4-week running average: $428k ($429k, $430k, $434k)
9 n2 p8 P* K" d2 i, @- TCondos 4-week running average: $249k ($249k, $251k, $257k)" P* S* h% c6 ~0 s$ E+ o- P
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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).
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0 b/ a0 \8 l1 ]: h+ c: X, glistingsandsales
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