We don't often see sales decline in April compared to March, and I don't think we've ever seen them drop to back down to December/January levels, but that's what COVID-19 has done to the real estate market in Edmonton. Perhaps some are surprised to see any homes sold at all; we and many in the industry were projecting sales to drop between 50-65% compared to last year, which is exactly what happened. 383 sales were reported in Edmonton in April, down 50% from last April. If you're thinking of buying or selling real estate this spring make sure you check out our "what to expect" and "COVID FAQs for real estate" blog posts from earlier this week. I will update this post when the REALTORS® Association of Edmonton releases its monthly report on the market…

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Do you have questions about buying and selling real estate during COVID-19? We're certainly getting a lot of questions from clients and friends, not to mention colleagues across North America. Whether you're thinking about buying or selling a home in the near future, or you're just curious about what it's like for real estate agents in Edmonton, we've got your answers. Here are the most common questions we're hearing right now - ask your questions in the comments and we'll happily answer them.

How Motivated are Sellers to Accept a Lower Offer Due to COVID-19?

It totally depends on the seller. There are a lot of people shopping for bargains and looking for desperate sellers right now, but sellers are generally reluctant to give up their hard-earned…

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Are you wondering what it's like to buy a home in the Edmonton area right now? While many things have changed, many things also remain the same, and people are still viewing and buying homes in today's market. If you're considering taking advantage of historically low-interest rates, and a strong negotiating position while entering the real estate market with social distancing restrictions, here is what to expect.

View Homes Online First

Ok, this might sound like nothing new, but there are new ways of reducing the number of homes you view in person. You can learn a lot, and save a lot of time through an online meeting with a real estate agent. Basically, you look through the photos and details of listings you're interested in via a Zoom Call, Google…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 304 (254, 358, 334) # Sales: 107 (120, 111, 144) Ratio: 35% (47%, 31%, 43%) # Price Changes:  190 (181, 189, 185) Expired/Off-Market Listings: 146 (171, 195, 395) Net loss/gain in listings this week: 51 (-37, 52, -205) Active single-family home listings: 3327 (3287, 3289, 3244) Active condo listings: 2047 (2006, 2039, 2010) Homes 4-week running average: $404k ($403k, $400k, $400k) Condos 4-week running average: $223k ($220k, $209k, $225k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 254 (358, 334, 329) # Sales: 120 (111, 144, 188) Ratio: 47% (31%, 43%, 57%) # Price Changes:  181 (189, 185, 224) Expired/Off-Market Listings: 171 (195, 395, 161) Net loss/gain in listings this week: -37 (52, -205, -20) Active single-family home listings: 3287 (3289, 3244, 3351) Active condo listings: 2006 (2039, 2010, 2096) Homes 4-week running average: $403k ($400k, $400k, $402k) Condos 4-week running average: $220k ($209k, $225k, $214k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 358 (334, 329, 460) # Sales: 111 (144, 188, 213) Ratio: 31% (43%, 57%, 46%) # Price Changes:  189 (185, 224, 229) Expired/Off-Market Listings: 195 (395, 161, 187) Net loss/gain in listings this week: 52 (-205, -20, 60) Active single-family home listings: 3289 (3244, 3351, 3354) Active condo listings: 2039 (2010, 2096, 2103) Homes 4-week running average: $400k ($400k, $402k, $409k) Condos 4-week running average: $209k ($225k, $214k, $212k) I was hoping to see even fewer new listings than last week... there are a lot of listings on the market now that are not allowing showings which is really pointless. Hoping the new…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 334 (329, 460, 642) # Sales: 144 (188, 213, 199) Ratio: 43% (57%, 46%, 31%) # Price Changes:  185 (224, 229, 310) Expired/Off-Market Listings: 395 (161, 187, 175) Net loss/gain in listings this week: -205 (-20, 60, 268) Active single-family home listings: 3244 (3351, 3354, 3346) Active condo listings: 2010 (2096, 2103, 2061) Homes 4-week running average: $400k ($402k, $409k, $425k) Condos 4-week running average: $225k ($214k, $212k, $213k) Given the circumstances, the only surprising thing about these charts is the average price for condos... if you haven't already, have a look at this month's monthly report with some…

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Liv Real Estate is open for business, but it is far from business as normal. Despite this Pandemic, we can still accomplish a tremendous amount of headway together in your real estate purchase or sale.

Our Office is Open (Sort Of)

Our agents have always worked from home so there is no change there, except all of our training sessions and meetings have moved online. We are meeting with our agents and staff frequently to ensure that they are briefed, on any and all changes pertaining to COVID-19. We have reduced our in-office staff to maintain physical distancing. Even though we have staff on-site, our office doors are locked; if you need to pick up or drop something off, simply call our office number when you arrive (780-486-8655) and a staff member…

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