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Edmonton Real Estate Market update Mid October 2010

By
Real Estate Sales Representative with Royal LePage Summit

Well things are getting a bit better. The sales pace is picking up a little bit. Last week we were on pace to sell only 943 homes, now we are on pace to sell 1000 (there were 452 sales in the last 14 days in the Metro Edmonton area). Another positive development is that the new listings pace has slowed. We were on pace last week to list 2800 homes this month, this week we are on pace to only list 2480 (1120 listings in the last 14 days). This is still a high number of new listings, but hopefully the slowdown continues. There are 8035 properties for sale as of October 14, 2010. 60% of this inventory is single family, 30% are condos, and the balance is made up of duplexes and other (mobiles, rowhouses etc).
I have noticed more offers coming in on my listings in the past 7 days, and it definitely "feels" busier out there. Have a great weekend!

Ted Tyrrell
RE/MAXCamosun (Chatterton) - Victoria, BC
Selling Homes in Beautiful Victoria

Thanks Jason. I`ll pass this onto my daughter who owns property in Edmonton.

Oct 15, 2010 11:00 AM
Jason Thomas
Royal LePage Summit - Edmonton, AB

Thanks for stopping by Ted! If she needs anything more specific please don't hesitate to ask.

Oct 15, 2010 11:04 AM
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Maui is picking up to, actually a number of your countrymen are taking advantage of the strong Canadian dollar

Oct 20, 2010 03:25 PM
Jason Thomas
Royal LePage Summit - Edmonton, AB

Thanks Steven.  I know Maui is starting to become a lot more affordable.  I remember the $1.50CDN for a $1 US exchange rate in 2000!

Oct 21, 2010 10:59 AM