Weekly Market Update Apr. 9/21
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: 689 (739, 687, 679)
# Sales: 383 (450, 397, 387, 341)
Ratio: 56% (61%, 58%, 57%)
# Price Changes: 300 (287, 304, 265)
Expired/Off-Market Listings: 136 (276, 139, 123)
Net loss/gain in listings this week: 170 (13, 151, 169)
Active single-family home listings: 2485 (2442, 2390, 2317)
Active condo listings: 2555 (2478, 2466, 2395)
Homes 4-week running average: $454 ($451K, $445k, $441k)
Condos 4-week running average: $232 ($223k, $223k, $218k)
The market has been hot this spring and we could see it heat up more than it already is, at least in the short term. OSFI is currently discussing increasing the stress test…
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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: 739 (687, 679, 649)
# Sales: 450 (397, 387, 341, 262)
Ratio: 61% (58%, 57%, 53%)
# Price Changes: 287 (304, 265, 260)
Expired/Off-Market Listings: 276 (139, 123, 144)
Net loss/gain in listings this week: 13 (151, 169, 164)
Active single-family home listings: 2442 (2390, 2317, 2253)
Active condo listings: 2478 (2466, 2395, 2285)
Homes 4-week running average: $451K ($445k, $441k, $440k)
Condos 4-week running average: $223k ($223k, $218k, $206k)
Ok, the market has officially gone into over-drive. We rarely see more than 400 sales in a week, and when we do it's normally June. The last time there were more than 400 sales was…
Well, I knew the market was hot, but I didn't think we'd see sales more than double what they were last year at this time - residential sales in the Greater Edmonton area were up 109% in March. The benchmark price for single-family homes is up 5.6% year over year and 1.7% over last month. It's a solid seller's market with less than three months of supply, even with new listings up 51% over last year. Compared to other places in North America where inventory is incredibly tight, the good news is that we actually have new inventory coming on the market.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 687 (679, 649, 621)
# Sales: 397 (387, 341, 262, 309)
Ratio: 58% (57%, 53%, 42%)
# Price Changes: 304 (265, 260, 241)
Expired/Off-Market Listings: 139 (123, 144, 290)
Net loss/gain in listings this week: 151 (169, 164, 69)
Active single-family home listings: 2390 (2317, 2253, 2187)
Active condo listings: 2466 (2395, 2285, 2184)
Homes 4-week running average: $445 ($441, $440, $429)
Condos 4-week running average: $223 ($218, $206, $ 203)
“Our biggest successes are born out of discomfort, uncertainty, and risk.”― Gary John Bishop
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 679 (649, 621, 481)
# Sales: 387 (341, 262, 309, 280)
Ratio: 57% (53%, 42%, 64%)
# Price Changes: 265 (260, 241, 261)
Expired/Off-Market Listings: 123 (144, 290, 107)
Net loss/gain in listings this week: 169 (164, 69, 65)
Active single-family home listings: 2317 (2253, 2187, 2142)
Active condo listings: 2395 (2285, 2184, 2117)
Homes 4-week running average: $441 ($440, $429, $425)
Condos 4-week running average: $218 ($206, $ 203, $214)
387 sales last week, we typically see numbers like that in a very good May or June week. We haven't had that many sales in a March week for as long as I've been tracking weekly stats…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 649 (621, 481, 440)
# Sales: 341 (262, 309, 280)
Ratio: 53% (42%, 64%, 64%)
# Price Changes: 260 (241, 261, 164)
Expired/Off-Market Listings: 144 (290, 107, 114)
Net loss/gain in listings this week: 164 (69, 65, 46)
Active single-family home listings: 2253 (2187, 2142, 2133)
Active condo listings: 2285 (2184, 2117, 2047)
Homes 4-week running average: $440 ($429, $425, $415)
Condos 4-week running average: $206 ($ 203, $214, $219)
Go confidently in the direction of your dreams. Live the life you have imagined. –Henry David Thoreau
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
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…