Weekly Market Update Feb. 26/21
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: 481 (440, 467, 529)
# Sales: 309 (280, 283, 288)
Ratio: 64% (64%, 61%, 54%)
# Price Changes: 261 (164, 170, 205)
Expired/Off-Market Listings: 107 (114, 124, 297)
Net loss/gain in listings this week: 65 (46, 69, -56)
Active single-family home listings: 2142 (2133, 2111, 2120)
Active condo listings: 2117 (2047, 1967, 1928)
Homes 4-week running average: $425 ($415, $420, $430)
Condos 4-week running average: $214 ($219, $220, $215)
The Bank of Canada Governor Tiff Macklem warned the Calgary and Edmonton chambers of commerce this week that they're seeing signs of over-heating in the Canadian housing market this week. He…
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We recently gathered virtually for our annual awards night to celebrate our amazing team. Things looked a little different this year, but everything came together for a pretty amazing night.
Care packages including a delicious 3-course ready-to-heat meal expertly executed by our friends at Rebel Food & Drink and an exceptional wine pairing (or mocktail kit for those who don't imbibe) among other treats were organized for delivery or pick up. We broke into Zoom 'dining rooms', where we enjoyed our delicious meals and great conversation. Then we celebrated last year's achievements and looked towards what we have planned for 2021. The night also included some friendly competition with a couple of rounds of trivia and ended with some good new-fashioned…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 440 (467, 529, 450)
# Sales: 280 (283, 288, 249)
Ratio: 64% (61%, 54%, 55%)
# Price Changes: 164 (170, 205, 175)
Expired/Off-Market Listings: 114 (124, 297, 145)
Net loss/gain in listings this week: 46 (69, -56, 56)
Active single-family home listings: 2133 (2111, 2120, 2148)
Active condo listings: 2047 (1967, 1928, 1940)
Homes 4-week running average: $415 ($420, $430, $422)
Condos 4-week running average: $219 ($220, $215, $210)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 467 (529, 450, 433)
# Sales: 283 (288, 249, 188)
Ratio: 61% (54%, 55%, 43%)
# Price Changes: 170 (205, 175, 190)
Expired/Off-Market Listings: 124 (297, 145, 176)
Net loss/gain in listings this week: 60 (-56, 56, 69)
Active single-family home listings: 2111 (2120, 2148, 2125)
Active condo listings: 1967 (1928, 1940, 1887, 1838)
Homes 4-week running average: $420 ($430, $422, $432)
Condos 4-week running average: $220 ($215, $210, $195)
I was wondering if the cold weather might cool things off a bit... after three weeks of increasing sales we had a slight dip this week. We're still well ahead of the past few years though.…
Disclaimer
This article is not intended to be specific advice, it is recommended that you consult with a tax professional about your specific transaction and circumstances.
The tax treatment of a real estate transaction is dependent on the circumstances around how that property was used during the period of ownership. This article is intended to provide some clarity on the general rules that guide the treatment of these transactions.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 529 (450, 433, 437)
# Sales: 288 (249, 188, 213)
Ratio: 54% (55%, 43%, 49%)
# Price Changes: 205 (175, 190, 170)
Expired/Off-Market Listings: 297 (145, 176, 143)
Net loss/gain in listings this week: -56 (56, 69, 81)
Active single-family home listings: 2120 (2148, 2125, 2135)
Active condo listings: 1928 (1940, 1887, 1838, 1784)
Homes 4-week running average: $430 ($422, $432, $430k)
Condos 4-week running average: $215 ($210, $195, $209)
Whether you are considering a career in Real Estate or considering a change in your career, you might be wondering what a team is or if you should join one.
Sheldon Johnston and Sara MacLennan were live across our social channels yesterday discussing the pros and cons of joining a team, what you can expect from a team, important considerations when choosing a team or brokerage to work with as well as our approach here at Liv Real Estate®.
We break it all down for you in this blog post, and the video is linked at the end for those interested in catching the replay.
Sales in the Greater Edmonton area were up 46% over last January! We don't expect the pace of sales to stay ahead of previous years for much longer, we're still dealing with pent-up demand due to extremely low-interest rates and people wanting more space for working and learning from home. The Bank of Canada has committed to keeping rates low for 2021, but the Alberta economy is not expected to get back to pre-pandemic levels for a couple of years, and a weak labour market is expected until the end of next year. Some fundamental shifts are needed (employment, migration) before improvements in the market will be sustainable.
I'll update this post with the Greater Edmonton Area stats after the REALTORS® Association of Edmonton releases their report later…
