Weekly Update Jul. 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: 564 (540, 662, 679)
# Sales: 365 (373, 352, 433)
Ratio: 65% (69%, 53%, 64%)
# Price Changes: 471 (451, 468, 484)
Expired/Off-Market Listings: 221 (232, 240, 223)
Net loss/gain in listings this week: -22 (-65, 70, 23)
Active single-family home listings: 3400 (3385, 3415, 3362)
Active condo listings: 3039 (3021, 3044, 3024)
Homes 4-week running average: $452 ($464, $465, $474)
Condos 4-week running average: $242 ($240, $253, $242)
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We know it’s been a long hot summer, and summer floods are the last thing from our minds, but those summer storms can sneak up on us here in Edmonton. Is your home ready for it?
One way to protect your home from flooding is having a backwater valve on your main sanitary sewer pipe. While these are required and come standard in newer homes, homes built prior to 1989 may not have this device. If you own an older home and don’t have a backwater valve, don’t worry, you’re not out of luck; you may qualify for the EPCOR Backwater Valve Subsidy Program.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 662 (679, 627, 672)
# Sales: 352 (433, 376, 408)
Ratio: 53% (64%, 60%, 61%)
# Price Changes: 468 (484, 443, 445)
Expired/Off-Market Listings: 240 (223, 380, 211)
Net loss/gain in listings this week: 70 (23, -129, 53)
Active single-family home listings: 3415 (3362, 3265, 3250)
Active condo listings: 3044 (3024, 3010, 3108)
Homes 4-week running average: $465 ($474, $473, $469)
Condos 4-week running average: $253 ($242, $239, $242)
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 (627, 672, 771)
# Sales: 433 (376, 408, 492)
Ratio: 64% (60%, 61%, 64%)
# Price Changes: 484 (443, 445, 470)
Expired/Off-Market Listings: 223 (380, 211, 186)
Net loss/gain in listings this week: 23 (-129, 53, 93)
Active single-family home listings: 3362 (3265, 3250, 3179)
Active condo listings: 3024 (3010, 3108, 3121)
Homes 4-week running average: $474 ($473, $469, $468)
Condos 4-week running average: $242 ($239, $242, $232)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 627 (672, 771, 824)
# Sales: 376 (408, 492, 502)
Ratio: 60% (61%, 64%, 61%)
# Price Changes: 443 (445, 470, 457)
Expired/Off-Market Listings: 380 (211, 186, 198)
Net loss/gain in listings this week: -129 (53, 93, 124)
Active single-family home listings: 3265 (3250, 3179, 3080)
Active condo listings: 3010 (3108, 3121, 3091)
Homes 4-week running average: $473 ($469, $468, $467)
Condos 4-week running average: $239 ($242, $232, $231)
The average price of single-family homes sold in Edmonton reached a new all-time high in June - $473,876, up 15% from last June! The median sale price also reached a record high - a 12% year-over-year increase at $418,000. Luxury sales were well above normal levels with a home selling for $5million, another for $3.15million and 27 houses in total selling for $1million or more. In comparison, 9 homes sold for over $1million last June and in June 2019.
Our market has gotten the attention of investors, according to Patrick Francey, CEO of the Real Estate Investment Network:
"Investors can expect to generate a positive cash of about $300 to $700 a month after costs in monthly rent based on the average price of a home in the city. At the same, investors…