Weekly Market Update, September 15/17
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: 573 (552, 509, 500)
# Sales: 255 (216, 261, 267)
Ratio: 45% (39%, 51%, 53%)
# Price Changes: 512 (466, 428, 510)
# Expired/Off Market Listings: 253 (565, 550, 224)
Net loss/gain in listings this week: 65 (-229, -302, 9)
Active single family home listings: 3734 (3683, 3649, 3780)
Active condo listings: 2922 (2875, 2866, 3012)
Homes 4-week running average: $435k ($436k, $437k, $437k)
Condos 4-week running average: $245k ($246k, $247k, $245k)
Two must-read articles from the past week: Why a Strong Loonie and Higher Interest Rates Couldn't Come at a Worse Time (for Alberta) and How Increasing Interest Rates will Cause Housing…
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The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area Market Today, saying:
“Entry level buyers appear to be turning their attention to semi-detached product for the best value, as opposed to condominiums. Changes to mortgage rates and qualifying rules may be impacting these segments. In the current market there is significant selection for the value conscious buyer. We continue to monitor the market closely to gauge the longer-term impact of the new mortgage rules,” says James Mabey, the REALTORS® Association of Edmonton Chair. “A drop in month-over-month units sold in August is historically normal activity for the Edmonton region,” says Mabey. “But average sales prices were higher this August than in any…
As a homeowner, you know that there always seems to be a somewhat endless to-do list of home repairs, improvements, maintenance and other tasks. From odd jobs to home projects that could include things like fixing a leaky faucet, painting the trim, building a shed or even small home renovations. Even if you’re able to do some of these tasks yourself - do you have the time?
Photo Credit: German Handymann & Renovation - Laundry Room Renovation
Most interior walls are finished with drywall. Because it is a softer material, it can easily be dinged, dented and damaged. Fortunately, minor drywall repair is a DIY job most homeowners can manage. Major drywall projects, however, should be left to the pros.
Photo Credit: Dakota Interior Ltd.
The first thing you’ll need to do is pick up some supplies. Everything you need can be found at your local building supply store. The most important supply you’ll need is a quality joint compound, also known as drywall mud. Compounds come in different sized containers, but if it’s not a huge repair you won’t need that much. Thankfully, this material can keep for a very long time when sealed properly, so if you buy more than you need, you’ll likely use it again…