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Weekly Market Update, Sep. 16/16; a- n5 A% _& y
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
- Q( U% K! F" {EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE+ s" Y0 ~) D& f1 D7 W5 q1 C
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:- b, S8 h9 S) E/ S/ _5 f
/ Y2 p1 G) H& C! [- i" t1 K0 G/ dNew Listings: 553 (513, 511, 468)
" D# A. Q6 w! m4 R1 }+ b# Sales: 267 (220, 294, 255), _, \3 }5 ^2 T* Z
Ratio: 48% (43%, 58%, 54%)
7 X+ h/ d/ ^8 ~/ P% a+ ^: K# Price Changes: 458 (380, 419, 374)- g, t3 m4 ^8 ~7 m, v! Z: F
# Expired/Off Market Listings: 226 (208, 497, 174); ?' p: F, M: w1 O
Net loss/gain in listings this week: 60 (85, -280, 39)
2 D6 `/ F7 w7 p4 j/ B0 n% YActive single family home listings: 3,305 (3,285, 3,195, 3,356)
6 U+ S& R! T/ X1 G% f. AActive condo listings: 2,412 (2,356, 2,325, 2,463)6 m' s' X$ \0 f8 W9 x2 A
Homes 4-week running average: $428k ($429k, $430k, $434k)
9 R3 k, A( S; ` \# @Condos 4-week running average: $249k ($249k, $251k, $257k)/ i. [1 }9 ^# H1 q2 c' d: C2 e7 j
9 C" ~/ B6 [! ASummer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).
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: W" U, M" ~% v. z Ilistingsandsales
f) W7 E# u p" p" Z: a- O) U. n5 f7 G' h* S$ K
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