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Edmonton Real Estate Market Update, Dec. 25/20

Home Edmonton Real Estate Market Edmonton Real Estate Market Update, Dec. 25/20

Edmonton Real Estate Market Update, Dec. 25/20

posted on 25 Dec 20
comments 10
by Sara MacLennan
    Edmonton Real Estate Market ● Weekly Update
read more

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 178 (220, 301, 322)
# Sales: 204 (186, 188, 252)
Ratio: 115% (85%, 62%, 78%)
# Price Changes: 84 (135, 185, 223)
Expired/Off-Market Listings: 189 (208, 193, 482)
Net loss/gain in listings this week: -215 (-174, -80, -412)
Active single-family home listings: 2371 (2476, 2569, 2625)
Active condo listings: 1950 (2007, 2052, 2055)
Homes 4-week running average: $415k ($421k, $431k, $436k)
Condos 4-week running average: $222k ($223k, $224k, $223k)

Today is usually the slowest day of the year for us, in terms of traffic on our websites and inquiries; this is the first time I’ve been busy handling inquiries and requests to see listings on Christmas. I’m reasonably certain we’re busy because viewing homes is one of the few things people are actually allowed to do in the Edmonton area right now. We’re not just getting requests though, we’ve had more offers and closings in the week before Christmas than ever before. Mortgage Professionals Canada released a report recently that showed before the pandemic only 7% of non-homeowners in Canada were considering buying a home in the coming year, and that number steadily increased all year and now sits at 23%. Interesting times for sure.

Wish you a very happy holiday season!

About Sara MacLennan

Sara MacLennan is the Director of Marketing at Liv Real Estate and a licensed Real Estate Associate. The bulk of Sara’s experience and wealth of expertise lies in on-line technology and marketing both for agents and consumers. Sara is the former National Director for Interactive Marketing for Coldwell Banker Canada where she was responsible for an extensive training program traveling to offices across the country training agents and brokers on marketing and technology. Find Sara on Twitter @edmontonblogger.

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Sara MacLennan
Sara MacLennan is the Director of Marketing at Liv Real Estate and a licensed Real Estate Associate. The bulk of Sara’s experience and wealth of expertise lies in on-line technology and marketing both for agents and consumers. Sara is the former National Director for Interactive Marketing for Coldwell Banker Canada where she was responsible for an extensive training program traveling to offices across the country training agents and brokers on marketing and technology. Find Sara on Twitter @edmontonblogger.

Comments 10

  1. DOK
    December 25, 2020 •

    I have never seen a Sales/New Listings ratio of 115%.
    What is bringing down the average price for a SFH to 415K?
    What does this mean.

  2. Tony
    December 26, 2020 •

    23 percent dreamers as the Chinese have priced out virtually everyone out of the housing market in Canada a long time ago.

  3. GM
    December 26, 2020 •

    Tony,
    I wish the Chinese would start buying in Edmonton and price us all out of the housing market here too.

  4. Tony
    December 28, 2020 •

    The Chinese only buy highest and only buy when something starts to skyrocket in price whether it be real estate or anything else.

  5. Tom
    December 30, 2020 •

    GM: Why on earth would you ever want that? That would be awful for young people. They would all move away.

  6. Tony
    January 1, 2021 •

    Found someone who bought at the bottom and sold at the top. The last buyer is going to take a bath and has had the place for more than the last 13 years.

    https://www.honestdoor.com/property/1496-lakewood-road-west-nw-edmonton-ab

    https://upsiderealty.ca/town.html/listing.e4223153-1496-lakewood-road-w-edmonton-t6k-3m2.93479453

  7. Tony
    January 1, 2021 •

    Found someone who bought at the bottom and sold at the top

    1496 Lakewood Road West NW

    Information
    Edit
    Year Built 1978
    Zoning Low Rise Apartment Zone (RA7)
    Taxes
    Edit
    Date Value
    2020 $1,199
    2019 $1,190
    Transactions
    Edit
    Date Value
    Apr 17, 2007 $189,900
    May 14, 1997 $35,340

    Today its presently listed for $99,900

  8. Tony
    January 1, 2021 •

    Someone that paid way too much three years ago.
    274 3307 116a Avenue NW

    Sep 14, 2017 $223,000
    May 16, 2007 $209,000
    Oct 04, 2003 $89,400

    Presently listed with Liv Real Estate at $124,900 barely 3 years later.

    • Sara MacLennan
      January 1, 2021 •

      Tony,
      I’m not sure where you’re getting your stats from, but they are incorrect.

  9. GM
    January 1, 2021 •

    Tony,

    You sound pretty angry. Are you one of those people who paid too much a few years ago and are now taking a bath?

Comments are closed.
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