Are you in the market for a real estate agent? Whether you're a first-time homebuyer, a seasoned investor, or simply looking to make a move, the key to a successful real estate journey lies in choosing the right real estate agent. This decision is not one to be taken lightly, as it can greatly influence your buying or selling experience. At Liv Real Estate®, we understand the importance of this decision, and we're here to guide you through the process of finding your ideal real estate partner.

Define Your Needs and Goals

Before you even start searching for an agent, take some time to define your needs and goals. Are you looking for a home in a specific neighborhood? Do you have a particular budget in mind? Are you a seller aiming for a quick sale or…

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

New Listings: 536 (576, 500, 533)
Sales: 426 (311, 411, 419)
Ratio: 79% (57%, 82%, 79%)
Price Changes: 346 (352, 358, 344)
Expired/Off-Market Listings: 218 (382, 417, 203)
Net loss/gain in listings this week: -108 (-137, -328, -89)
Active single-family home listings: 2893 (2896, 2827, 2976)
Active condo listings: 1665 (1686, 1698, 1823)
Homes 4-week running average: $478 ($473, $473, $475)
Condos 4-week running average: $219 ($221, $222, $221)


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

New Listings: 576 (500, 533, 604)
Sales: 311 (411, 419, 457)
Ratio: 57% (82%, 79%, 76%)
Price Changes: 352 (358, 344, 362)
Expired/Off-Market Listings: 382 (417, 203, 263)
Net loss/gain in listings this week: -137 (-328, -89, -116)
Active single-family home listings: 2896 (2827, 2976, 2938)
Active condo listings: 1686 (1698, 1823, 1827)
Homes 4-week running average: $473 ($473, $475, $476)
Condos 4-week running average: $221 ($222, $221, $217)

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The Greater Edmonton area experienced a surge in sales this August, reaching a record high of 2250 sales. Meanwhile, inventory is at its lowest level for August since 2014, with 6768 properties available at the end of the month.

While new listings did show some improvement compared to last year, the market continues to favour sellers, with only 3 months of inventory available. Additionally, lending rates have caused buyers to delay their purchases or opt for more affordable products.

Within our brokerage, many clients who bought this past summer were new to Canada or moving from another province. Still, just as many were local buyers looking for a new home because of lifestyle changes such as marriage, divorce, children, or work. Similarly, many…

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

New Listings: 500 (533, 604, 503)
Sales: 411 (419, 457, 341)
Ratio: 82% (79%, 76%, 68%)
Price Changes: 358 (344, 362, 327)
Expired/Off-Market Listings: 417 (203, 263, 196)
Net loss/gain in listings this week: -328 (-89, -116, -34)
Active single-family home listings: 2827 (2976, 2938, 2942)
Active condo listings: 1698 (1823, 1827, 1811)
Homes 4-week running average: $473 ($475, $476, $480)
Condos 4-week running average: $222 ($221, $217, $217)



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

New Listings: 533 (604, 503, 593)
Sales: 419 (457, 341, 374)
Ratio: 79% (76%, 68%, 63%)
Price Changes: 344 (362, 327, 387)
Expired/Off-Market Listings: 203 (263, 196, 356)
Net loss/gain in listings this week: -89 (-116, -34, -137)
Active single-family home listings: 2976 (2938, 2942, 2925)
Active condo listings: 1823 (1827, 1811, 1840)
Homes 4-week running average: $475 ($476, $480, $477)
Condos 4-week running average: $221 ($217, $217, $215)

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While some may exclaim, "Now's a great time to buy!” we advise you to be cautious of those people. This isn’t to say it’s not or can’t be a good time to buy, just that a good time to buy looks different for everyone, and it's essential to evaluate your personal circumstances. The prevailing high interest rates, unyielding prices, and limited housing inventory can make the idea of homeownership daunting, but the right real estate professional can help you navigate the market and reach your real estate goals. In this blog post, we will explore the three key considerations to help determine whether or not it's a good time for you to buy a home.

1. Start with Monthly Payment:

When considering homeownership, begin by looking at what you can afford for a…

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

New Listings: 604 (503, 593, 543)
Sales: 457 (341, 374, 398)
Ratio: 76% (68%, 63%, 72%)
Price Changes: 362 (327, 387, 410)
Expired/Off-Market Listings: 263 (196, 356, 211)
Net loss/gain in listings this week: -116 (-34, -137, -57)
Active single-family home listings: 2938 (2942, 2925, 2952)
Active condo listings: 1827 (1811, 1840, 1885)
Homes 4-week running average: $476 ($480, $477, $474)
Condos 4-week running average: $217 ($217, $215, $222)

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Active listings were down 16% from July 2022, while sales were up 18% leaving us in a strong seller's market. However, we aren't seeing the same spike in prices that you would expect from a seller's market due to the higher interest rates. In fact, the benchmark price for all categories was down compared to July 2022, with the composite down 6%. 



City of Edmonton Stats

Below are the statistics for Edmonton Proper, showing both single-family and condo sales at a high since 2015, when comparing July 2023 to July years previous.


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

New Listings: 503 (593, 543, 586)
Sales: 341 (374, 398, 457)
Ratio: 68% (63%, 72%, 78%)
Price Changes: 327 (387, 410, 393)
Expired/Off-Market Listings: 196 (356, 211, 240)
Net loss/gain in listings this week: -34 (-137, -57, -111)
Active single-family home listings: 2942 (2925, 2952, 2942)
Active condo listings: 1811 (1840, 1885, 1873)
Homes 4-week running average: $480 ($477, $474, $476)
Condos 4-week running average: $217 ($215, $222, $219)

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