Weekly Market Report, Dec. 23/16
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: 190 (213, 278, 290)
# Sales: 180 (161, 137, 208)
Ratio: 95% (76%, 49%, 72%)
# Price Changes: 122 (127, 206, 266)
# Expired/Off Market Listings: 262 (238, 218, 443)
Net loss/gain in listings this week: -252 (-186, -77, -361)
Active single family home listings: 2,434 (2,544, 2,641, 2,680)
Active condo listings: 1,997 (2,070, 2,145, 2,137)
Homes 4-week running average: $431k ($432k, $427k, $437k)
Condos 4-week running average: $243k ($235k, $236k, $241k)
The end of December and beginning of January are typically the slowest weeks of the year for real estate in Edmonton, but we saw a bit of an uptick in sales this week. Our…
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So we have an interesting situation happening at our office at the moment... someone has created a fraudulent company that shares a name with one of our agents. We've been contacted by a number of people over the past week about "Mobey Real Estate" or "Moby Real Estate" because one of our associates is named Angel Mobey, and of course, when you google something like Mobey Real Estate you find us.
The Real Estate Council of Alberta (RECA) issued a consumer alert about the company on Friday stating the following:
Mobey Real Estate is not a licensed real estate brokerage in Alberta nor are any of the individuals listed on the Mobey website licensed as real estate professionals.
Mobey has been contacting consumers with offers of work-from-home employment…
Photo Credit: D-Trac Construction
Any experienced real estate agent will tell you that the two rooms a home buyer will look at first when interested in a home for sale are the kitchen and the bathroom. If your bathroom is outdated and you want to improve your home’s resale value you should consider a minor bathroom renovation. There are many benefits of bathroom renovations and with some smart and creative upgrades, you won’t have to spend a fortune to make your bathroom more attractive to potential buyers.
Here are some tips for maximizing your ROI with bathroom renovations in Edmonton:
The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today showing lower demand and higher supply than last year, much like we've seen all year. In these conditions, it's surprising that the overall average residential sale price increased by 1%, but this was partially due to a number of luxury sales (nearly twice as many as we saw last November), including one at $3million. As we reported yesterday, the size of homes sold in Edmonton reached a new record in November:
The increasing size of homes sold at least partially explains the stable average prices in Edmonton while sales have been dropping. While the value of most properties has declined, buyers still qualified for the same amount of…