Weekly Market Update Apr. 30/21
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: 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
546 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…
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
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.Â
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.Â
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…
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…