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EDMONTON REAL ESTATE MARKET WEEKLY UPDATE: FEB 11 - 18 2016

The week covering February 11 to 18 made a tough stand against the weakening economy. 

Below is a quick recap of last week's market stats (Feb 4 - 11). 

Average Listings: 309
Average List Price: $341,964
Average Sale Price: $331,250
Average Sale Price / Sq Ft: $287.92
Average Days on Market: 54
Total sales: 95

edmonton real estate market feb 4 - 11 2016

This week's figures:  

Average Listings: 317
Average List Price: $331,498
Average Sale Price: $323,097
Average Sale Price / Sq Ft: $275.89
Average Days on Market: 42
Total sales: 83

New Listings grew 2.58% Week-On-Week while Average List Price fell -3%. We can expect to see these kind of minuscule price swings on the weeks to come as the country suffers from the world oil crisis. 

Edmonton real estate market update 2016

Average Sale Price slid -2.46% to $323,097 this week compared to last week but is way better than the week covering jan 28 - Feb 4 which saw the Average Sale Price hit $317,791. Average Days on Market had improved making it to only 42. That gave Edmonton home sellers faster time to get their money. Total Sales on the other hand wasn't so good for the team as production fell down -12.63%. 

edmonton real estate market feb 11 - 18  2016

 

Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.

For more from Team Leading Edge, follow the team on Twitter at @teamleadingedge, subscribe via this RSS feed. Make sure to subscribe to Team Leading Edge daily newsletter on the Edmonton Real Estate market.

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1 Response to "EDMONTON REAL ESTATE MARKET WEEKLY UPDATE: FEB 11 - 18 2016"

Serge Bourgoin wrote: The average selling price is dropping but by not as much as valuations. Call us to today to find out the valuations of your home.

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