Weekly Market Update Jan. 22/21
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: 433 (437, 360, 101)
# Sales: 188 (213, 161, 102)
Ratio: 43% (49%, 45%, 101%)
# Price Changes: 190 (170, 54, 95)
Expired/Off-Market Listings: 176 (143, 530, 511)
Net loss/gain in listings this week: 69 (81,-331, -512)
Active single-family home listings: 2125 (2135, 2095, 2087)
Active condo listings: 1887 (1838, 1784, 1730)
Homes 4-week running average: $432 ($430k, $412k, $404k)
Condos 4-week running average: $195 ($209, $212k, $219k)
Looks like sales are starting the year off well ahead of last year, and the two years before that, and prices of single-family homes are following the 2018 trajectory. At the recent housing…
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Buyers almost always include a home inspection condition when they make an offer on a house. The purpose of a home inspection is for the buyer to have a clear picture of what they're buying, so they are aware of the home's condition and get a good idea of what expenses they will face for maintenance and repairs. Buyers shouldn't expect any property to be perfect, and they shouldn't look at the home inspection as a re-negotiation tool. Still, in some cases, they will ask for concessions from the seller based on the inspection report. According to this American study, 29% of sellers either make minor repairs or reduce the sale price to close the deal.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 437 (360, 101, 178)
# Sales: 213 (161, 102, 204)
Ratio: 49% (45%, 101%, 115%)
# Price Changes: 170 (154, 95, 84)
Expired/Off-Market Listings: 143 (530, 511, 189)
Net loss/gain in listings this week: 81 (-331, -512, -225)
Active single-family home listings: 2135 (2095, 2087, 2371)
Active condo listings: 1838 (1784, 1730, 1950)
Homes 4-week running average: $430k ($412k, $404k, $415k)
Condos 4-week running average: $209 ($212k, $219k, $222k)
In the past, I've mentioned that Alberta's net migration was negative in Q2 2020 for the first time since the 80's, and it looks like Q3 was still negative but started heading in the…
Good morning! The REALTORS® Forecast is back and I'm liveblogging the event. Things moved really quickly so I've edited the disaster I created during the event. The forecast takes place every year and features guest speakers who give forecasts on the local, national and global economy. There always seems to be a blizzard during the forecast, so luckily this year I got to attend from the comfort of home. I am thoroughly enjoying the snowstorm now taking place outside my windows.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 360 (101, 178, 220)
# Sales: 161 (102, 204, 186)
Ratio: 45% (101%, 115%, 85%)
# Price Changes: 154 (95, 84, 135)
Expired/Off-Market Listings: 530 (511, 189, 208)
Net loss/gain in listings this week: -331 (-512, -225, -174)
Active single-family home listings: 2095 (2087, 2371, 2476)
Active condo listings: 1784 (1730, 1950, 2007)
Homes 4-week running average: $412k ($404k, $415k, $421k)
Condos 4-week running average: $212k ($219k, $222k, $223k)
So far 2021 has been very busy for Edmonton real estate agents, traffic to our websites remains at all-time highs and agents are much busier than normal showing properties and…
Consumer Choice Award results are in! Much like everything else, they looked a little bit different this year without the gala. While we missed celebrating with our team, we are honoured to receive the Consumer Choice Award for Real Estate Broker Residential in Edmonton and Northern Alberta Area for the 2nd year in a row.
The Consumer Choice Award was established with the sole purpose of recognizing business excellence in small and medium businesses across Canada. Businesses that are chosen by you, the consumer, based on their merit and reputation within their communities through an in-depth and unbiased process. Receiving this award is a true honour; it affirms that we have achieved our goal of providing outstanding customer service and that we…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 101 (178, 220, 301)
# Sales: 102 (204, 186, 188)
Ratio: 101% (115%, 85%, 62%)
# Price Changes: 95 (84, 135, 185)
Expired/Off-Market Listings: 511 (189, 208, 193)
Net loss/gain in listings this week: -512 (-225, -174, -80)
Active single-family home listings: 2087 (2371, 2476, 2569)
Active condo listings: 1730 (1950, 2007, 2052)
Homes 4-week running average: $404k ($415k, $421k, $431k)
Condos 4-week running average: $219k ($222k, $223k, $224k)
Happy New Year!!! I have tacked this week's numbers onto the end of last year's line and will move them to a new line next week. Will have the monthly stats up shortly!
Have a…
The real estate market finished out the year strong with the most sales we've seen in the Greater Edmonton Area (GEA) in December since 2007. After a rocky start, total sales in 2020 finished 3% ahead of 2019, with single-family homes in the communities outside of Edmonton - particularly St. Albert and Sherwood Park - seeing the largest gains. The benchmark price for single-family homes was up 4.1% compared to last December, while apartment-style condos continued to see declines (3.5% down from last year).
The REALTORS Association of Edmonton® will hold their annual forecast on January 13 and will include a forecast from Benjamin Tal of CIBC World Markets Inc., who happens to be my favourite economist, and I will be liveblogging the event right here.…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 178 (220, 301, 322)
# Sales: 204 (186, 188, 252)
Ratio: 115% (85%, 62%, 78%)
# Price Changes: 84 (135, 185, 223)
Expired/Off-Market Listings: 189 (208, 193, 482)
Net loss/gain in listings this week: -215 (-174, -80, -412)
Active single-family home listings: 2371 (2476, 2569, 2625)
Active condo listings: 1950 (2007, 2052, 2055)
Homes 4-week running average: $415k ($421k, $431k, $436k)
Condos 4-week running average: $222k ($223k, $224k, $223k)
Today is usually the slowest day of the year for us, in terms of traffic on our websites and inquiries; this is the first time I've been busy handling inquiries and requests to see…