Edmonton Real Estate Statistics – Sept. 21, 2009
Wow is all I can say about last week. I was really busy all week listing, showing and selling homes. However the statistics would be a little different then what I experienced last week.
One of the things that I did notice last week was the number of homes that were taken off the market where their listing contracts had expired. Even with the new listings coming to the market I noticed that the amount of listings available is down with 2, 095 single family dwellings available for sale in Edmonton proper.
In the last 30 days there were 678 single family dwellings sold in Edmonton proper. Also a drop from the previous few weeks. With the listings and sales we are experiencing that would give us a listing to sales ratio of 3.1:1 which to me indicates that the market values are starting to stabilize.
The next few weeks are going to be critical to determine is we area going to remain stable or if we are going to see a decline in house valuations. It is apparent to see that the local and global economies are still not recovering to the levels and that is making people concerned and hesitant in moving forward with large purchases such as home.
