Saturday, July 14, 2012

Edmonton Real Estate Market Weekly Update - Friday the 13th!

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EdmontonRealEstateMarketUpdate
Edmonton Real Estate Market Update

Here is our update on the Edmonton real estate market. (Previous week?s numbers are in brackets). For the past 7 days:

New listings: 484 (493, 495, 499)
# Sales: 314 (239, 355, 318)
Ratio: 65% (48%, 72%, 64%)
# Price changes: 337 (291, 328, 301)
# Expired/Off Market Listings: 193 (386, 143, 175)
Net loss/gain in listings this week: -23 (-132, -3, 6)
Active single family home listings: 3114 (3125, 3195, 3177)
Active condo listings: 2085 (2097, 2148, 2162)
Homes 4-week running average: $398k ($404K, $406k, $407k)
Condos 4-week running average: $237k ($241K, $242k, $246k)

And here is the dip in sales after the mortgage rule changes...

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Edmonton real estate listings and sales


It is clearly the second half of the year, we have peaked and are slowing down - as the days get shorter the real estate market gets cooler.

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Edmonton real estate prices

The REALTORS? Association of Edmonton is reporting 553 sales so far this month which should put us around 1400-1500 this month (similar to last year).?

Have a great weekend!

About Sara MacLennan

Sara MacLennan is the Director of Marketing at Coldwell Banker Johnston Real Estate and a licensed Real Estate Associate. The bulk of Sara?s experience and wealth of expertise lies in on-line technology and marketing both for agents and consumers. Sara is the former National Director for Interactive Marketing for Coldwell Banker Canada where she was responsible for an extensive training program traveling to offices across the country training agents and brokers on the implementation of programs and client centered services offered by Coldwell Banker Canada.

Source: http://edmontonrealestateblog.com/2012/07/edmonton-real-estate-market-weekly-update-friday-the-13th.html

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