Weekly Market Update Mar. 5/21
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: 621 (481, 440, 467)
# Sales: 262 (309, 280, 283)
Ratio: 42% (64%, 64%, 61%)
# Price Changes: 241 (261, 164, 170)
Expired/Off-Market Listings: 290 (107, 114, 124)
Net loss/gain in listings this week: 69 (65, 46, 69)
Active single-family home listings: 2187 (2142, 2133, 2111)
Active condo listings: 2184 (2117, 2047, 1967)
Homes 4-week running average: $429 ($425, $415, $420)
Condos 4-week running average: $ 203 ($214, $219, $220)
Act as if what you do makes a difference. It Does. - William James
1537 Views, 40 Comments
It's not broken, we just moved your cheese.
It's been just over five years since we've done any major updates to our very popular home search website EdmontonRealEstate.pro. Last time, on December 15, 2015, we had about 5,500 user sessions a day. Lately, we've been averaging about 17,000 user sessions a day. The most traffic we ever saw in one day was 19,803 user sessions on June 30, 2020.
So why change things? Especially when we know people love the site, and people hate change.
66% of our traffic is on a mobile device, and the mobile experience on our new site is far superior to the old one. Our new site has been designed "mobile-first" so it works as well on a phone as it does on a desktop. It's designed for speed, and it has a beautiful map-based…
After bottoming out in December 2019, single-family home prices have rebounded. The benchmark price for single-family homes in the greater Edmonton area is up 5.4% from the same time last year. Homes in lower price ranges continue to move quickly, often selling with multiple offers. Fixed-rate mortgage rates are on the rise, which could spur even more activity over the next few weeks (if you're looking to buy, now is the time to get a rate hold).
I'll update this post when the REALTORS Association of Edmonton releases their monthly report on the market later this week.
The areas surrounding Edmonton continue to see the most sales activity. Edmonton single-family home sales were up 28% in February compared to last year, while the market as a whole was…
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…
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.