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Edmonton Real Estate Market Update for March 22, 2010


Blog by Sara Kalke | March 22nd, 2010


Edmonton Real Estate Market Update for March 22, 2010

Even though the snow is falling today, the number of homes for sale in Edmonton continues to rise.  Today's current inventory count: 6,176, up over 100 from four days ago (see chart here: Today's Inventory Chart). The upward trend in the number of listings is normal for this time of year, but we are at a very important turning point - if inventory continues to rise far above the 6,000 mark, we could be back into a "buyer's market" - where there are more homes for sale than buyers to buy them, creating downward pressure on prices, and added pressure for sellers to have the best marketing possible for their home (see my 25-Point Marketing Plan at http://bit.ly/ctijEL).

Here are today's market stats from the REALTORS Association of Edmonton:

REALTORS® Association of Edmonton
MLS® RES Daily MTD Activity
for March 2010


  Value of Solds Sold Units Average Sold Price New Listings Active Listings
RESIDENTIAL
Single Family(House)   264,437,345            678        390,025          1,530          3,743 
Single Family(Condo)    68,981,077            277        249,029            770          2,097 
Residential(Other)    14,390,204             57        252,459            189            595 
  ============= ============= ============= ============= =============
TOTAL   347,808,626         1,012       343,684         2,489         6,435


Residential MLS® Summary by Value/Count
  10,000 -  99,999 18 375,000 - 399,999 70 575,000 - 599,999 13
100,000 - 149,999 30 400,000 - 424,999 55 600,000 - 649,999 13
150,000 - 199,999 90 425,000 - 449,999 49 650,000 - 699,999 6
200,000 - 249,999 126 450,000 - 474,999 31 700,000 - 749,999 5
250,000 - 299,999 149 475,000 - 499,999 26 750,000 - 799,999 3
300,000 - 324,999 93 500,000 - 524,999 17 800,000 - 899,999 9
325,000 - 349,999 96 525,000 - 549,999 14 900,000 - 999,999 3
350,000 - 374,999 74 550,000 - 574,999 15 1,000,000+


REALTORS® Association of Edmonton
MLS® CONDO Daily MTD Activity
for March 2010


  Value of Solds Sold Units Average Sold Price New Listings Active Listings
Single Family(Condo) 68,981,077  277  249,029  770  2,097 
 
 


Condominium Summary by Value/Count
 10,000- 99,999 3   375,000 - 399,999 2    575,000 - 599,999 1
100,000 - 149,999 15    400,000 - 424,999 4    600,000 - 649,999 0
150,000 - 199,999 64    425,000 - 449,999 0    650,000 - 699,999 0
200,000 - 249,999 75    450,000 - 474,999 1    700,000 - 749,999 0
250,000 - 299,999 65    475,000 - 499,999 1    750,000 - 799,999 0
300,000 - 324,999 22    500,000 - 524,999 0    800,000 - 899,999 1
325,000 - 349,999 14    525,000 - 549,999 1    900,000 - 999,999 0
350,000 - 374,999 7    550,000 - 574,999 0    1,000,000+ 1