Edmonton Real Estate Market Finishes 2016 Normally
Posted by Liv Real Estate on
Our preliminary monthly report on the Edmonton real estate market for December shows that we ended 2016 in much the same way we normally do. Sales of single-family homes were right in the normal range for December; 392 homes were reported sold in December, up 3.4% from last year.
Condos sales were down slightly from last December; 181 condos were reported sold compared to 184 last year.
The average price of single-family homes was down 2.5% from last December to $416,234 while the median price was basically unchanged at $379,900 (it was $380k last year). The average sale price of condos was up 0.9% to $250,358 and the median sale price was down 2.5% to $230,000.
The average price per square foot for single-family homes was down $1 to $273 and…
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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: 74 (190, 213, 278)
# Sales: 95 (180, 161, 137)
Ratio: 128% (95%, 76%, 49%)
# Price Changes: -152 (122, 127, 206)
# Expired/Off Market Listings: 131 (262, 238, 218)
Net loss/gain in listings this week: -152 (-252, -186, -77)
Active single family home listings: 2,364 (2,434, 2,544, 2,641)
Active condo listings: 1,940 (1,997, 2,070, 2,145)
Homes 4-week running average: $418k ($431k, $432k, $427k)
Condos 4-week running average: $249k ($243k, $235k, $236k)
Wow, time flies! Last weekly update of the year.... Next year is going to be interesting! I'll be attending the Annual Housing Forecast on Wednesday and will have lots of…
Your heating system works hard during the winter to keep your home warm and comfortable. The last thing you want is for your furnace to break down in the middle of winter. Just like caring for anything mechanical, you should check and maintain your heating system, at least once a year, to keep it running efficiently and safely throughout all the seasons.
Photo credit: Furnace Solutions
Here are some reasons why you should need to have your furnace inspected and serviced regularly by HVAC companies in Edmonton:
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…