Weekly Market Update, February 21/20
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: 432 (464, 513, 403)
# Sales: 197 (190, 150, 155)
Ratio: 46% (41%, 29%, 38%)
# Price Changes:Â 236 (230, 217, 225)
Expired/Off-Market Listings: 145 (135, 350, 208)
Net loss/gain in listings this week: 90 (139, 13, 40)
Active single-family home listings: 3060 (3019, 2954, 2916)
Active condo listings: 1880 (1837, 1754, 1723)
Homes 4-week running average: $417k ($415k, $410k, $415k)
Condos 4-week running average: $202k ($201k, $199k, $201k)
Have a great weekend!
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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: 464 (513, 403, 355)
# Sales: 190 (150, 155, 153)
Ratio: 41% (29%, 38%, 43%)
# Price Changes:Â 230 (217, 225, 200)
Expired/Off-Market Listings: 135 (350, 208, 159)
Net loss/gain in listings this week: 139 (13, 40, 43)
Active single-family home listings: 3019 (2954, 2916, 2891)
Active condo listings: 1837 (1754, 1723, 1690)
Homes 4-week running average: $415k ($410k, $415k, $414k)
Condos 4-week running average: $201k ($199k, $201k, $206k)
Have a great weekend!
Awards season is not just for celebrities, real estate agents receive awards at this time of year as well. In the industry, agents are typically given awards for selling a lot of real estate, which in our minds, does not necessarily equate to being a great real estate agent. We know that our clients want to be well represented and that they want to have a positive experience buying or selling real estate, and the only way to know if we've done a good job is to ask our clients.
Our brokerage uses an online service called RealSatisfied that allows customers to rate their agent on three key performance indicators: customer satisfaction, agent performance and recommendation. Customer ratings and testimonials are available on each agent’s bio page on our…
Supply is down, demand is up compared to last year - will this trend continue? If it does, we should start to see prices moving upward. A few interesting reports came out this month, first, the federal first time home buyers incentive has been declared a "flop" by Sherry Cooper, chief economist at Dominion Lending Centres. With that said, Edmonton has had the second-most applications in the country, so perhaps it's helping first time buyers overcome the stress test in our market a bit. I would think hard about sharing a chunk of my equity with feds before I applied for that program. The other interesting news is that the vacancy rate has dropped, even with tons of new rental units being built in the city; 40% of condos in Edmonton are designated as…