Weekly Market Update, Aug. 25/17
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: 500 (571, 549, 596)
# Sales: 267 (252, 236, 290)
Ratio: 53% (44%, 43%, 49%)
# Price Changes: 510 (485, 402, 502)
# Expired/Off Market Listings: 224 (272, 235, 458)
Net loss/gain in listings this week: 9 (47, 78, -152)
Active single family home listings: 3780 (3776, 3728, 3662)
Active condo listings: 3012 (2984, 2956, 2942)
Homes 4-week running average: $437k ($441k, $443k, $438k)
Condos 4-week running average: $245k ($247k, $253k, $261k)
Looks like single family home inventory may hit a new record high in the coming weeks. Inventory is a leading indicator for prices, numbers this high suggests prices will be coming down…
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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…
The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate market this week:
“Inventory is still strong for buyers, and marginal adjustments in year-over-year prices indicate a stable market for sellers,” said James Mabey, REALTORS® Association of Edmonton Chair. “Sellers must remain patient but mindful of their positioning in the market with many options for buyers to consider, so consulting with their REALTOR® to remain competitive is essential,” says Mabey.
Here's our snapshot on the market in July:
Sales in the Greater Edmonton area were up 2.8% in July compared to last year - the first time sales have been up on a year over year basis in 4 months.
The average price for residential sales in the…
Considered long overdue by many, there are changes proposed to the condominium property act in Alberta that may arrive sometime in the not too distant future. We first wrote about the proposed changes on this blog in June, 2011. The government is looking for changes and open houses have been scheduled in the coming months as follows: