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Weekly Market Update, Sep. 16/16" i$ a2 P: g6 W5 ?+ s$ D5 m
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON( R: A" z; z5 a; F3 a
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE1 R: I2 Q& v4 ~- X' C+ G1 G& c
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:! P8 e" J. A# |
- l5 f2 u) s2 fNew Listings: 553 (513, 511, 468)1 c+ H( i) {& C7 u7 I9 y' _
# Sales: 267 (220, 294, 255)
+ [. g% T# H; r+ m8 e7 i- ]Ratio: 48% (43%, 58%, 54%)
1 z w. C, F/ S" O# I# Price Changes: 458 (380, 419, 374)/ x9 `7 i4 D) K7 g6 w( `) c' ^
# Expired/Off Market Listings: 226 (208, 497, 174). t4 z$ L, X7 c4 [) r
Net loss/gain in listings this week: 60 (85, -280, 39)9 h# \* N$ ?: Z* s8 ]
Active single family home listings: 3,305 (3,285, 3,195, 3,356)
! M" y1 w0 _5 P# pActive condo listings: 2,412 (2,356, 2,325, 2,463)
) d% f% t4 U& X) N5 r- cHomes 4-week running average: $428k ($429k, $430k, $434k); K! v6 d9 j, t6 m) A: k9 t) t
Condos 4-week running average: $249k ($249k, $251k, $257k)$ f# _' n/ r4 j X
1 L9 w- \6 t) @/ [; M1 g9 Y \9 OSummer’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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6 f- a1 v- d& g+ L, E6 I) X) z( @! slistingsandsales7 e: d( y, @: Q1 s
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