Weekly Market Update, July 21/17
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: 570 (693, 646, 609)
# Sales: 317 (322, 276, 335)
Ratio: 56% (46%, 43%, 55%)
# Price Changes: 424 (530, 470, 443)
# Expired/Off Market Listings: 197 (233, 501, 186)
Net loss/gain in listings this week: 56 (138, -131, 88)
Active single family home listings: 3664 (3627, 3517, 3,586)
Active condo listings: 3078 (3,045, 3,028, 3,093)
Homes 4-week running average: $443k ($445k, $457k, $455k)
Condos 4-week running average: $267k ($270, $262k, $257k)
The inventory just keeps on climbing!
Have a great weekend!
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Building a detached garage has many benefits. Having a protected place to park your vehicles will reduce wear and tear and ensure your car will start during a cold Calgary winter! You can build a garage to use as a workshop and for additional storage. You can also build a secondary suite in a new garage and use it to earn rental income.
Photo Credit: Knight Carpentry Inc.
Whatever your reason for building a garage might be, you do have some options. You can choose to purchase a pre-fabricated garage package and build the garage yourself or you can hire garage builders in Calgary to do it for you.
Whether you’re planning on selling your home now or in the future, investing in home renovations will add value to your property. Kitchen renovations are one of the most popular renovations and when compared to other remodelling jobs, can give a high return on investment.
Photo Credit: Bond Contracting and Construction Inc.
Kitchens are considered the heart of the home. It is where you cook, dine, entertain and spend time as a family. It is no wonder that kitchens are important to homeowners and just as important to home buyers.
Any experienced real estate agent will tell you that the state of the kitchen can make or break a first impression from potential buyers. It’s the first room they’ll want to see pictures of in an online listing and the first…
Updated - the REALTORS® Association of Edmonton has released their monthly stats on the Greater Edmonton Real Estate Market, and the average residential sale price has reached the highest level we've seen in at least 9 years. Meanwhile, demand is normal, and supply is exceptionally high. So here's the deal... inventory is a leading indicator of prices. Earlier this year we had slightly lower inventory and slightly higher demand; prices typically rise for the first part of the year and conditions early in the year seem to have brought higher average prices than I was expecting. The opposite is now occurring, so prices could start to drop on a year over year basis, except for one foreseeable outcome; mortgage rates. Word on the street is that the Bank of…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 609 (666, 659, 644)
# Sales: 335 (323, 328, 315)
Ratio: 55% (48%, 50%, 49%)
# Price Changes: 443 (485, 489, 523)
# Expired/Off Market Listings: 186 (240, 229, 207)
Net loss/gain in listings this week: 88 (103, 102, 122)
Active single family home listings: 3,586 (3,532, 3,455, 3,393)
Active condo listings: 3,093 (3055, 3,017, 2,963)
Homes 4-week running average: $455k ($449k, $450k, $440k)
Condos 4-week running average: $257k ($245k, $253k, $252k)
Would you look at that! Average single family home price at $454,785 while inventory extremely high. Monthly stats tomorrow!
As requested, condo inventory:
Happy Canada Day!!!!
A backsplash is the panel of material installed behind your sink, stove and along countertops that protects the wall from spills and splashes. Beyond its functional purpose, a backsplash can also add style, finish and even value to your kitchen and home. Here are some benefits of the backsplash: