Edmonton Condo Market: Weekly Update
This week new condo listings are down again which is to be expected considering the time of year, and condo sales saw a respectable uptick of 14 units over last week (64 compared to 50 last week).
The average selling price for the overall condo market was down, including Edmonton townhouses and low rise condos, but actually rose in the surrounding areas, and for high rises in Edmonton. Inventory is declining very slowly with a drop of 23 units over last week. (Previous week’s numbers are in brackets). For the past 7 days:
New Condo Listings:
- Edmonton All Types - 98 (116, 118, 181)
- Edmonton High Rise - 21 (18, 22, 34)
- Edmonton Low Rise - 49 (64, 54, 83)
- Edmonton Townhouse - 28 (34, 43, 64)
- Surrounding Areas - 17 (24, 26, 30)
Sold Condos # of Units:
- Edmonton All Types - 64 (50, 42, 44)
- Edmonton High Rise - 9 ( 9, 7, 3)
- Edmonton Low Rise - 34 (25, 25, 25)
- Edmonton Townhouse - 21 (16, 10, 16)
- Surrounding Areas - 10 (5, 11, 12)
Sold Condos Avg Selling Price (000’s):
- Edmonton All Types - 231 (237, 208, 229)
- Edmonton High Rise - 249 (210, 267, 204)
- Edmonton Low Rise - 211 (227, 194, 223)
- Edmonton Townhouse - 254 (268, 205, 241)
- Surrounding Areas - 251 (229, 259, 245)
Active Condo Listings:
- Edmonton All Types - 2156 (2179, 2217, 2222)
- Edmonton High Rise - 343 (338, 341, 338)
- Edmonton Low Rise - 1083 (1099, 1125, 1140)
- Edmonton Townhouse - 730 (742, 751, 744)
- Surrounding Areas - 391 (385, 386, 426)
Price per square foot for the past week continues to decline, down another $1 / sqft which doesn’t sound like much but is a decline of over $4000 per month on a 1000 sqft condo. Below is a comparison of the Avg $ / Sqft: 60 days vs. the past 7 days.
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You run an absolutely great Edmonton real estate blog here. The information is great, in depth and well presented. Keep up the good work.