Moving to the 'burbs - Sales Outside Edmonton Jump in August - UPDATED
Posted by Liv Real Estate on
National headlines have focused on record real estate sales recently, and the Greater Edmonton Area is no exception - we haven't seen this many sales in August since the boom in 2006. After peaking in July, single-family sales in Edmonton came back down to normal levels in August while sales outside Edmonton skyrocketed. Sales in our neighbouring cities and towns such as St. Albert, Sherwood Park, Beaumont and Spruce Grove were up 66% compared to last year which lifted the overall Edmonton CMA sales up 20%. This is a trend we're seeing across North America as many people working from home don't feel the need to be as close to their workplace, and are opting for more space further from the core.
According to an internal poll, the majority of buyers in…
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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: 517 (534, 527, 504)
# Sales: 289 (298, 309, 320)
Ratio: 56% (56%, 59%, 63%)
# Price Changes: 377 (346, 363, 374)
Expired/Off-Market Listings: 191 (197, 203, 302)
Net loss/gain in listings this week: 37 (39, 15, -118)
Active single-family home listings: 3449 (3427, 3391, 3376)
Active condo listings: 2377 (2336, 2345, 2312)
Homes 4-week running average: $428k ($428k, $428k, $429k)
Condos 4-week running average: $222k ($220k, $219k, $219k)
Have a great weekend!
We are open and ready to help; whether you need a totally contact-free experience, would like to limit contact, or are comfortable with physically distant meetings, we can and have done it all, and will happily adapt our process to meet your needs.
The city of Edmonton mandated the use of masks in public spaces on August 1 (and most surrounding areas followed suit shortly after), but this does not necessarily mean masks must be worn inside private residences. We've helped hundreds of clients buy and sell homes safely in the past few months and in our experience buyers and sellers in the Edmonton area have been very conscientious and flexible.
Here are some of the ways we can help you stay safe:
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 534 (527, 504, 483)
# Sales: 298 (309, 320, 318)
Ratio: 56% (59%, 63%, 66%)
# Price Changes: 346 (363, 374, 325)
Expired/Off-Market Listings: 197 (203, 302, 202)
Net loss/gain in listings this week: 39 (15, -118, -37)
Active single-family home listings: 3427 (3391, 3376, 3429)
Active condo listings: 2336 (2345, 2312, 2339)
Homes 4-week running average: $428k ($428k, $429k, $426k)
Condos 4-week running average: $220k ($219k, $219k, $217k)
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: 527 (504, 483, 533)
# Sales: 309 (320, 318, 356)
Ratio: 59% (63%, 66%, 67%)
# Price Changes: 363 (374, 325, 357)
Expired/Off-Market Listings: 203 (302, 202, 155)
Net loss/gain in listings this week: 15 (-118, -37, 22)
Active single-family home listings: 3391 (3376, 3429, 3466)
Active condo listings: 2345 (2312, 2339, 2339)
Homes 4-week running average: $428k ($429k, $426k, $423k)
Condos 4-week running average: $219k ($219k, $217k, $217k)
Have a great weekend!