February Market Report - UPDATED
Posted by Liv Real Estate on
Once again demand for real estate is up and supply is down on a year over year basis in the greater Edmonton area. But, before we start to see home prices increase, we will need to see improvement on the employment side of things, according to Senior market analyst at CMHC Heather Bowyer:
“Overall we’re seeing the Edmonton market operate below pre-recession levels,” she says. “Even looking on the labour side of the market — what really drives housing demand — we’re seeing lower employment, specifically full-time... If we see those fundamentals improve, then we can expect to see housing demand improve, but it will be a while still before we see conditions we saw during the boom periods in Edmonton.”
With that said, the BoC cut rates this week, which…
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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: 458 (432, 464, 513)
# Sales: 216 (197, 190, 150)
Ratio: 47% (46%, 41%, 29%)
# Price Changes: 251 (236, 230, 217)
Expired/Off-Market Listings: 156 (145, 135, 350)
Net loss/gain in listings this week: 242 (90, 139, 13)
Active single-family home listings: 3117 (3060, 3019, 2954)
Active condo listings: 1924 (1880, 1837, 1754)
Homes 4-week running average: $429k ($417k, $415k, $410k)
Condos 4-week running average: $206 ($202k, $201k, $199k)
Have a great weekend!
Winter is a great time to tackle the home renovation projects you’ve been putting off. Here are some reasons why:
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: 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!
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: 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…