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: 611 (474, 487, 500)
# Sales: 308 (259, 289, 297)
Ratio: 50% (55%, 59%, 59%)
# Price changes: 356 (255, 324, 312)
# Expired/Off Market Listings: 213 (403, 421, 150)
Net loss/gain in listings this week: 90 (-188, -223, 53)
Active single family home listings: 3228 (3141, 3086, 3216)
Active condo listings: 1882 (1858, 1832, 1925)
Homes 4-week running average: $387k ($387k, $384k, $387k)
Condos 4-week running average: $232k ($225k, $225k, $229k)

Lots of new listings this week! That is partially explained by the re-listing of expired listings last week, but it is still quite high for this time of year. Seems like buyers have started their summer holidays but sellers are still at work. Sales were higher this week than we have seen for 5 weeks though. The average sale price of condos continues to fluctuate while single family homes remain relatively steady. 

The REALTORS® Association of Edmonton is reporting 641 sales so far this month for the greater Edmonton area, which should put us around 1400 for the month (about the same as last year). Meanwhile the average price sits at $332k so far this month, slightly ahead of last July’s $330k.


Edmonton real estate prices

Edmonton real estate listings and sales

Have a great weekend!

P.S. We are currently looking for a full time administrative assistant, who is detail oriented, organized, has good communication and computer skills and is fun to work with. Responsibilities will include answering phones, computer work, entering listings, setting up appointments, filing, book keeping, and generally assisting our real estate agents. Real estate experience is not required but would be helpful. If you’re interested send us a resume, we will contact applicants we’d like to interview shortly. The ideal candidate will be able to start immediately.

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