Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 785 (750, 751, 689) # Sales: 484 (476, 468, 383, 450) Ratio: 62% (63%, 62%, 56%) # Price Changes: 415 (368, 341, 300) Expired/Off-Market Listings: 162 (167, 161, 136) Net loss/gain in listings this week: 139 (107, 122, 170) Active single-family home listings: 2706 (2608, 2517, 2485) Active condo listings: 2791 (2731, 2660, 2555) Homes 4-week running average: $454 ($458k, $463k, $454k) Condos 4-week running average: $225 ($222k, $231k, $232k)     “It always seems impossible until it is done.” - Nelson Mandela

160 Views, 5 Comments

With winter’s last big hurrah finally behind us (cross fingers, knock on wood, say the rosary), homeowners in Edmonton can finally start dreaming about summertime, and planning all the ways they’re going to soak up the few months of warmth we’re about to have. But wait… we’re still in the middle of a global pandemic. Well, that really narrows down the options a bit. I guess it’s safe to say that, for people like myself, our backyards are finally going to receive a little attention. I’d love to sit back there with a cold drink on a hot day without that dead rosebush staring at me from the other end of the yard. And not just that. I want a garden. But not just your run-of-the-mill decorative flower garden with a few herbs (not that there’s anything…

165 Views, 0 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 750 (751, 689, 739) # Sales: 476 (468, 383, 450, 397) Ratio: 63% (62%, 56%, 61%) # Price Changes: 368 (341, 300, 287) Expired/Off-Market Listings: 167 (161, 136, 276) Net loss/gain in listings this week: 107 (122, 170, 13) Active single-family home listings: 2608 (2517, 2485, 2442) Active condo listings: 2731 (2660, 2555, 2478) Homes 4-week running average: $458 ($463k, $454k, $451k) Condos 4-week running average: $222 ($231k, $232k, $223k)     “Success is not final; failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

151 Views, 4 Comments

Last week Sheldon and Sara were joined by two amazing Liv agents for a Facebook Live to discuss multiple offer situations. Deidre Harrison and Tonya Brown have helped many clients successfully navigate through multiple offer situations and they shared their strategies with us. Check out the replay here and read on for more details in the blog post below.

Why are multiple offers are such a hot topic right now?

Multiple offers arise when inventory is low and demand is high, which is what we are experiencing right now, particularly for single-family homes in the $350,00-$500,000 range.

Top strategies for standing out from other offers

Prepare

Have all financing pre-approved and a letter from the lender stating this. Be careful what you…

271 Views, 1 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 751 (689, 739, 687) # Sales: 468 (383, 450, 397, 387) Ratio: 62% (56%, 61%, 58%) # Price Changes: 341 (300, 287, 304) Expired/Off-Market Listings: 161 (136, 276, 139) Net loss/gain in listings this week: 122 (170, 13, 151) Active single-family home listings: 2517 (2485, 2442, 2390) Active condo listings: 2660 (2555, 2478, 2466) Homes 4-week running average: $463k ($454k, $451k, $445k) Condos 4-week running average: $231k ($232k, $223k, $223k) Single-family home prices just hit an all-time high in Edmonton -  as of 12:20pm today, the 4-week running average is $462,219!! Who can honestly say they saw that coming a few…

161 Views, 17 Comments

Sheldon and Sara were recently joined for a Facebook Live by some of Liv’s resident experts on purchasing and living in a rural home. Tameka Ross, Lindsay Parsons and Allison Meston all had amazing information to share, and we’ve compiled it all into the blog post below. Watch the replay here:   Covid has seriously impacted the real estate market from a huge drop last march to a completely unexpected surge this spring.  The biggest trend over the last 10 months has been the desire for more space and along with that, there has been a huge growth in sales of rural properties. 

Reasons people have been making the move:

[caption id="attachment_8379" align="alignright" width="241"] Allison's family enjoying the outdoors on their…

269 Views, 0 Comments

Welcome to the second segment of our three-part Spring Cleaning series: Deep Cleaning. Hopefully, you went through the decluttering with us last week and are now ready to get scrubbing, if not you can check out that post here.  Deep cleaning your whole house can seem daunting at first, but if you break it into chunks, it’s not so bad.

Top Tips for a Deep Clean

  • Work systematically, one room at a time. (Bathrooms are an exception, you can treat those as one room - more on that later.) 
  • Start with the biggest jobs / dirtiest rooms first. 
  • Start on the far left and work your way around clockwise.
  • Clean top to bottom - light fixtures, ceiling fans, vents, walls, furniture, floors. 
  • Vacuum everything first. Wiping dust and dirt with a…

179 Views, 0 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 689 (739, 687, 679) # Sales: 383 (450, 397, 387, 341) Ratio: 56% (61%, 58%, 57%) # Price Changes: 300 (287, 304, 265) Expired/Off-Market Listings: 136 (276, 139, 123) Net loss/gain in listings this week: 170 (13, 151, 169) Active single-family home listings: 2485 (2442, 2390, 2317) Active condo listings: 2555 (2478, 2466, 2395) Homes 4-week running average: $454 ($451K, $445k, $441k) Condos 4-week running average: $232 ($223k, $223k, $218k) The market has been hot this spring and we could see it heat up more than it already is, at least in the short term. OSFI is currently discussing increasing the stress test…

178 Views, 8 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 739 (687, 679, 649) # Sales: 450 (397, 387, 341, 262) Ratio: 61% (58%, 57%, 53%) # Price Changes: 287 (304, 265, 260) Expired/Off-Market Listings: 276 (139, 123, 144) Net loss/gain in listings this week: 13 (151, 169, 164) Active single-family home listings: 2442 (2390, 2317, 2253) Active condo listings: 2478 (2466, 2395, 2285) Homes 4-week running average: $451K ($445k, $441k, $440k) Condos 4-week running average: $223k ($223k, $218k, $206k) Ok, the market has officially gone into over-drive. We rarely see more than 400 sales in a week, and when we do it's normally June. The last time there were more than 400 sales was…

156 Views, 14 Comments