Edmonton Real Estate Market Weekly Update - July 27/12

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

New listings: 437 (435, 484, 493)
# Sales: 248 (303, 314, 239)
Ratio: 57% (70%, 65%, 48%)
# Price changes: 279 (297, 337, 291)
# Expired/Off Market Listings: 172 (183, 193, 386)
Net loss/gain in listings this week: 17 (-51, -23, -132)
Active single family home listings: 3147 (3105, 3114, 3125)
Active condo listings: 2091 (2090, 2085, 2097)
Homes 4-week running average: $390k ($392, $398k, $404K)
Condos 4-week running average: $237k ($234k, $237k, $241K)

The?REALTORS? Association of Edmonton is reporting 1,349 sales so far this month for the Greater Edmonton area - about average for this time of year.

Edmonton real estate prices

Edmonton real estate listings and sales

Canadian and U.S. retailers are certainly seeing opportunity in Edmonton - 3.2 million square feet of commercial space will be added to the greater Edmonton area over the next year. The commercial vacancy rate is at a historic low of 2.4%.

Driving the furious pace of construction is a ravenous appetite for space from Canadian and U.S. retailers and restaurant chains looking to expand in one of North America?s healthiest economies. Alberta?s retail sales were 25% higher than the national per capita average in 2011, according to Colliers 1st-quarter retail market report.

Have a great weekend! Go team Canada!

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-july-2712.html

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