The All Edmonton Homes segment took a nasty downturn with only Average Days On Market clinging in the green territory with a 1.52% increase. New Listings was down 12.32%, while Average List Price fell by .32% followed by Average Sale Price with a .54% decrease. Average Sale Price / Sq Ft was only $258 and Total Sales only reached 176, a 4.35% drop.
Missed our previous Edmonton Weekly Market Stats? You can read it here: EDMONTON WEEKLY MARKET STATS - NOV 18 - 25 2016
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Green outscored the Red! The Edmonton real estate market improved this past week.
In the All Edmonton Homes segment, New Listings gained a 5.44% increase to reach 349. Average List Price, although it was in the red territory has slightly recovered, falling just 1% vs its 2.17% drop in the week covering Nov 11 - 18 2016. The same thing goes to the Average Sale Price, falling by only .24%, a better prospect than the 3.37% decrease the previous week.
Average Sale Price / Sq Ft also recovered, posting a .38% gain. Average Days On Market jumped 15.79% while Total Sales grew to 184, a 14.28% increase.
The market is starting to gain traction again, the question now is, would we see the improvements recorded this past week spill over next week?
Like a roller coster ride, the market swings up and down and side to side. The week covering Nov 4 to 11, we saw the Condo Apartment segment rolling green across the board, this past week, the Average List Price remained virtually the same, gaining 6.36% vs the Nov 4 to 11 record of 6.42%. Total Sales for the Condo Apartment segment was the big winner out of all the other segments, garnering an impressive 28.57% vs its Nov 4 - 11 stat of only 3.70%.
You can find details of the Nov 4 -11 market stats here: EDMONTON WEEKLY MARKET STATS - NOV 4 - 11 2016
4 out of our 6 market indicators were a disappointment in the All Edmonton Homes segment. New Listings are down 23.56%, Average List Price shed 2.17%, Average
The week covering October 28 to November 4 has been friendly to Edmonton home sellers. Average List Price for All Edmonton Homes jumped 17.25%, Average Sale Price had a hefty increase of 27.52% while Average Sale Price / Sq Ft saw a 14.34% gain. Although Average Days on Market slid down 14.28% and Total Sales tanked to 49.35%, this past week was still a profitable week for the selling public.
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Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.
Team Leading Edge created this new format to better show you the bigger picture of the market. With this, you can improve your buying, selling or investing strategies for the coming days, weeks or even months.
Aside from All Edmonton Homes, we've now included Detached Single Family, Semi-Detached & Townhomes and Condo Apartments.
We will continue to find ways to provide you with excellent data and analytics report.
As you can see the market is continuing to soften. That is normal was we head into the winter selling season. With a city listings to sales ratio of 5.83:1 we can expect continued downward pressure on Edmonton home valuations.
If you have been thinking about selling your home you may want to