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

New Listings: 610 (556, 568, 541)
Sales: 557 (488, 419, 488)
Ratio: 91% (88%, 74%, 90%)
Price Changes: 254 (211, 184, 171)
Expired/Off-Market Listings: 117 (100, 141, 90)
Net loss/gain in listings this week: -64 (-32, 8, -37)
Active single-family home listings: 1990 (1997, 1959, 1925)
Active condo listings: 1282 (1241, 1208, 1175)
Homes 4-week running average: $500 ($499, $489, $484)
Condos 4-week running average: $228 ($227, $227, $228)

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It's no secret that buying a home in a seller’s market can be extra challenging, but fear not! We’re sharing our top tips so you'll be well-equipped to conquer this exciting but challenging journey. Let's dive in!

1. Work with an Experienced Real Estate Agent

In a competitive market, having an experienced real estate agent by your side is a game-changer. They have the inside track to new listings, can quickly schedule showings, and, most importantly, help you craft a winning offer. Their expertise and negotiation skills will give you the edge in this challenging environment. So, choose an agent who's well-versed in the local market and understands your unique needs.

2. Be Prepared with Financing

In a seller’s market, time is of the essence,…

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

New Listings: 556 (568, 541, 536)
Sales: 488 (419, 488, 435)
Ratio: 88% (74%, 90%, 81%)
Price Changes: 211 (184, 171, 185)
Expired/Off-Market Listings: 100 (141, 90, 111)
Net loss/gain in listings this week: -32 (8, -37, -10)
Active single-family home listings: 1997 (1959, 1925, 1845)
Active condo listings: 1241 (1208, 1175, 1159)
Homes 4-week running average: $499 ($489, $484, $483)
Condos 4-week running average: $227 ($227, $228, $228)

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We can't go any further into 2024 without acknowledging what an incredible year 2023 was! At the end of February, we gathered for our second annual Liv Better Day and Awards Celebration. Let me tell you, the energy and spirit were absolutely electric!

At Liv Real Estate®, we cherish and nurture our unique culture, built on genuine connections, unwavering support, and a commitment to uplifting one another. Our team's dedication has truly cultivated an environment of collaboration, inclusivity, diversity, and, of course, outstanding success.  Please join us in celebrating this year's award winners. 

Customer Service Excellence Award: Setting the Bar High

We're overjoyed to recognize the exceptional efforts of our agents who have received the…

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

New Listings: 568 (541, 536, 557)
Sales: 419 (488, 435, 475)
Ratio: 74% (90%, 81%, 85%)
Price Changes: 184 (171, 185, 196)
Expired/Off-Market Listings: 141 (90, 111, 110)
Net loss/gain in listings this week: 8 (-37, -10, -28)
Active single-family home listings: 1959 (1925, 1845, 1829)
Active condo listings: 1208 (1175, 1159, 1125)
Homes 4-week running average: $489 ($484, $483, $481)
Condos 4-week running average: $227 ($228, $228, $227)

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In March 2024, the Greater Edmonton real estate market offered a favourable landscape for sellers and attracted the interest of investors from other markets. Let's examine the latest trends, challenges, and opportunities that define the market.

March witnessed a remarkable 35% increase in sales compared to the previous year, with 2,467 transactions. The surge in sales activity reflects the relative affordability of the Edmonton area compared to other large cities across Canada.

New listings rose 8% from last year, which is a healthy influx of properties. However, strong demand led to a 16% decrease in inventory; the month ended with 5,315 listings - only 2.15 months of supply - and a strong seller's market.

For over a year, the Edmonton real…

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