Weekly Update, June 26/20
Posted by Liv Real Estate on
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 608 (634, 664, 688)
# Sales: 328 (333, 299, 243)
Ratio: 54% (53%, 45%, 35%)
# Price Changes: 311 (345, 349, 326)
Expired/Off-Market Listings: 203 (208, 211, 403)
Net loss/gain in listings this week: 77 (93, 154, 42)
Active single-family home listings: 3708 (3703, 3630, 3549)
Active condo listings: 2367 (2288, 2263, 2204)
Homes 4-week running average: $413k ($417k, $406k, $411k)
Condos 4-week running average: $209k ($205k, $203k, $195k)
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: 634 (664, 688, 588)
# Sales: 333 (299, 243, 228)
Ratio: 53% (45%, 35%, 39%)
# Price Changes: 345 (349, 326, 308)
Expired/Off-Market Listings: 208 (211, 403, 221)
Net loss/gain in listings this week: 93 (154, 42, 139)
Active single-family home listings: 3703 (3630, 3549, 3516)
Active condo listings: 2288 (2263, 2204, 2200)
Homes 4-week running average: $417k ($406k, $411k, $414k)
Condos 4-week running average: $205k ($203k, $195k, $203k)
Have a great weekend!
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 664 (688, 588, 434)
# Sales: 299 (243, 228, 201)
Ratio: 45% (35%, 39%, 46%)
# Price Changes: 349 (326, 308, 227)
Expired/Off-Market Listings: 211 (403, 221, 189)
Net loss/gain in listings this week: 154 (42, 139, 44)
Active single-family home listings: 3630 (3549, 3516, 3436)
Active condo listings: 2263 (2204, 2200, 2127)
Homes 4-week running average: $406k ($411k, $414k, $415k)
Condos 4-week running average: $203k ($195k, $203k, $205k)
Have a great weekend!
To succeed in real estate for the coming months and years, you will need to step up your mindset and find another gear. Right now that means extra forms, extra effort to set up showings, extra precautions when meeting with clients. You will have to sharpen your skills, take a hard look at your business plan, and your expenses. You're going to need to try new things such as video calls and Zoom meetings with clients, virtual open houses, and video walkthroughs. It doesn't need to happen overnight, but you need to adapt.
We've already been in a down market for years, and there are going to be even fewer sales for the foreseeable future; so if you're not willing to accept a lower income, you're going to have to find ways to increase your market share.
Our…