Weekly Market Update, May 26/17
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: 575 (667, 705, 691)
# Sales: 274 (324, 310, 337)
Ratio: 48% (49%, 44%, 49%)
# Price Changes: 423 (445, 422, 423)
# Expired/Off Market Listings: 146 (183, 153, 336)
Net loss/gain in listings this week: 155 (160, 242, 18)
Active single family home listings: 3,325 (3,231, 3,172, 3,065)
Active condo listings: 2,906 (2839, 2,745, 2,624)
Homes 4-week running average: $438k ($437k, $442k, $443k)
Condos 4-week running average: $248k ($251k, $248k, $248k)
Have a great weekend!
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Asphalt shingles are by far the most common type of roofing material used, but you will find a variety of roofing materials used on Edmonton homes including metal, wood and tile. If you have a low-pitched or flat roof, you’ll need a special roofing system altogether. Here is some information on different types of roofing, including the pros and cons of each.
Photo Credit: Crest Roofing & Co.
You probably don’t think about your plumbing system very often, until there is a problem! Once you do detect an issue, it should get your immediate attention. Putting off repairing your plumbing could result in expensive water damage and even more costly repairs.
It’s also important to look for plumbing issues in a home you might be considering to purchase. Anything causing water damage or moisture issues could mean there is mildew and mould lurking in the walls. If so, this can be hazardous to your health and will have to be dealt with immediately. Moisture can also damage the insulation, framing, drywall and other parts of the home and can be a real headache to deal with.
Though the majority of the plumbing system is inside the walls, there are some…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 691 (632, 511, 650)
# Sales: 337 (312, 263, 313)
Ratio: 49% (49%, 51%, 48%)
# Price Changes: 423 (369, 288, 306)
# Expired/Off Market Listings: 336 (159, 165, 147)
Net loss/gain in listings this week: 18 (161, 83, 190)
Active single family home listings: 3,065 (3084, 2,992, 2,958)
Active condo listings: 2,624 (2,592, 2,520, 2,494)
Homes 4-week running average: $443k ($436k, $436k, $433k)
Condos 4-week running average: $248k ($256k, $251k, $246k)
Have a great weekend!
The REALTORS® Association of Edmonton has released their monthly report on the real estate market saying:
Situated on the North Saskatchewan river, Edmonton, AB, attracts many pests. Mosquitoes are especially prevalent in the area, drawn to humidity and standing water. Another major problem for residents, ants frequently invade homes in the area. Lured into buildings by spilled grease, sweets, meats, and crumbs, Pharaoh ants will nest inside year-round. Carpenter ants are of more concern, though, as these pests will excavate wood to make their nesting site. Finally, carpet beetles hide underneath carpets and baseboards, as well as in dark closets, and can cause serious damage when left unchecked.
If your driveway is cracked, sinking in areas and generally looking worse-for-wear, it might be time for a new concrete driveway. Not only will a new driveway improve curb appeal, it will also boost resale value, make shoveling snow easier and give you extra space to park your vehicles.
Photo Credit: Con-Tile Industries
Here are the advantages to installing a new concrete driveway: