Well, I knew the market was hot, but I didn't think we'd see sales more than double what they were last year at this time - residential sales in the Greater Edmonton area were up 109% in March. The benchmark price for single-family homes is up 5.6% year over year and 1.7% over last month.  It's a solid seller's market with less than three months of supply, even with new listings up 51% over last year. Compared to other places in North America where inventory is incredibly tight, the good news is that we actually have new inventory coming on the market.

City of Edmonton Stats

1102 single-family homes were reported sold in Edmonton in March, up 105% from last year. Granted, last March was not a good year for sales, so if you compare this…

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Spring is in the air! Somehow this muddy and mucky season screams fresh and clean and new. Anyone else curious how the smell of snow-mould is so refreshing? Somehow it works, and with the days getting longer and warmer, we are here for it.  Spring also means time for spring cleaning. Join us for our three-part blog series where we dive into the three main components of a good spring clean: Decluttering, Deep Cleaning and a Yard Refresh. We will share all the tips and tricks you need to get your home and yard ready for the new season. 

First up - Decluttering!

(Hot tip - Spring isn’t the only time to do this. We love a good seasonal purge - and always suggest decluttering your home before having your listing photos taken) 

Step 1: Sort

Go…

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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: 687 (679, 649, 621) # Sales: 397 (387, 341, 262, 309) Ratio: 58% (57%, 53%, 42%) # Price Changes: 304 (265, 260, 241) Expired/Off-Market Listings: 139 (123, 144, 290) Net loss/gain in listings this week: 151 (169, 164, 69) Active single-family home listings: 2390 (2317, 2253, 2187) Active condo listings: 2466 (2395, 2285, 2184) Homes 4-week running average: $445 ($441, $440, $429) Condos 4-week running average: $223 ($218, $206, $ 203)       “Our biggest successes are born out of discomfort, uncertainty, and risk.”― Gary John Bishop

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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: 679 (649, 621, 481) # Sales: 387 (341, 262, 309, 280) Ratio: 57% (53%, 42%, 64%) # Price Changes: 265 (260, 241, 261) Expired/Off-Market Listings: 123 (144, 290, 107) Net loss/gain in listings this week: 169 (164, 69, 65) Active single-family home listings: 2317 (2253, 2187, 2142) Active condo listings: 2395 (2285, 2184, 2117) Homes 4-week running average: $441 ($440, $429, $425) Condos 4-week running average: $218 ($206, $ 203, $214) 387 sales last week, we typically see numbers like that in a very good May or June week. We haven't had that many sales in a March week for as long as I've been tracking weekly stats…

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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: 649 (621, 481, 440) # Sales: 341 (262, 309, 280) Ratio: 53% (42%, 64%, 64%) # Price Changes: 260 (241, 261, 164) Expired/Off-Market Listings: 144 (290, 107, 114) Net loss/gain in listings this week: 164 (69, 65, 46) Active single-family home listings: 2253 (2187, 2142, 2133) Active condo listings: 2285 (2184, 2117, 2047) Homes 4-week running average: $440 ($429, $425, $415) Condos 4-week running average: $206 ($ 203, $214, $219)       Go confidently in the direction of your dreams.  Live the life you have imagined. –Henry David Thoreau

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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: 621 (481, 440, 467) # Sales: 262 (309, 280, 283) Ratio: 42% (64%, 64%, 61%) # Price Changes: 241 (261, 164, 170) Expired/Off-Market Listings: 290 (107, 114, 124) Net loss/gain in listings this week: 69 (65, 46, 69) Active single-family home listings: 2187 (2142, 2133, 2111) Active condo listings: 2184 (2117, 2047, 1967) Homes 4-week running average: $429 ($425, $415, $420) Condos 4-week running average: $ 203 ($214, $219, $220)     Act as if what you do makes a difference. It Does. - William James

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It's not broken, we just moved your cheese. It's been just over five years since we've done any major updates to our very popular home search website EdmontonRealEstate.pro. Last time, on December 15, 2015, we had about 5,500 user sessions a day. Lately, we've been averaging about 17,000 user sessions a day. The most traffic we ever saw in one day was 19,803 user sessions on June 30, 2020. So why change things? Especially when we know people love the site, and people hate change. 66% of our traffic is on a mobile device, and the mobile experience on our new site is far superior to the old one. Our new site has been designed "mobile-first" so it works as well on a phone as it does on a desktop. It's designed for speed, and it has a beautiful map-based…

209 Views, 6 Comments