Edmonton Real Estate Statistics – June29, 2009
The trend continue in the Edmonton real estate market with a strong market in at the entry level (under $350,000) demand. This segment of the market is what is the driving force and ultimately will continue to drive valuations up.
As of this morning there were 2,250 single family homes listed in Edmonton proper. In the previous 30 days there were 993 sales. That would give us a listing to sales ratio of 2.27:1 well below the 4:1 ratio we need in Edmonton for a stable or neutral market.
With the trend being what it is I expect to see valuations to start to increase initially in the lower price ranges and eventually transfer to to higher price ranges as these people who sold in the lower price ranges start to look and buy in the higher price ranges.
