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Weekly Market Update, Sep. 16/16
0 z8 X2 G) i0 W# h$ A! ?% ^POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON3 a" _8 p! o, d/ s) [ L9 X
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE
9 G6 e! p8 }& g" g! A& F( M7 H2 ]! ?Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:/ b P8 F' z, B
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New Listings: 553 (513, 511, 468)
; g7 D; v# @4 N- m& _; |! q( {/ T* m L# Sales: 267 (220, 294, 255)
1 X- [9 i6 D, {. \; [ LRatio: 48% (43%, 58%, 54%)
1 {5 X: }% E0 A) V# Price Changes: 458 (380, 419, 374)
) t+ v2 ~3 i7 S% I$ |; ~( R, t# Expired/Off Market Listings: 226 (208, 497, 174)3 E4 R$ T" I4 R# `1 T7 V
Net loss/gain in listings this week: 60 (85, -280, 39)! M# @6 J: r1 G" Y# C& ?
Active single family home listings: 3,305 (3,285, 3,195, 3,356)
- V2 R' u- Q7 U5 h, nActive condo listings: 2,412 (2,356, 2,325, 2,463)4 u, L5 W* e$ ?# ^
Homes 4-week running average: $428k ($429k, $430k, $434k)
4 J$ d* {: H3 R% \$ J9 f" lCondos 4-week running average: $249k ($249k, $251k, $257k)
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! [3 W" [% W: ]# w4 C V+ i) s; kSummer’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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