Sales Rebound in June in Edmonton - UPDATED
Posted by Liv Real Estate on
Pent up demand for real estate in Edmonton brought sales back up to normal levels for June. Sales rebounded, surpassing the numbers reported for the past 4 years in Edmonton and pushing us into a seller's market (just barely with 3.8 months supply) for the first time since 2015. Watch our Facebook page for a live market discussion next week.
I'll update this post in a few days when the full monthly stats are released by the REALTORS® Association of Edmonton.
Edmonton Stats
Condo sales also rebounded in June, matching the number of sales reported in 2018 but remained below normal levels. The average sale price for single-family homes fell 1.4% from last year to $411,882 and the median price dropped 1.6% to $373,638. The…746 Views, 2 Comments
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 608 (634, 664, 688)
# Sales: 328 (333, 299, 243)
Ratio: 54% (53%, 45%, 35%)
# Price Changes: 311 (345, 349, 326)
Expired/Off-Market Listings: 203 (208, 211, 403)
Net loss/gain in listings this week: 77 (93, 154, 42)
Active single-family home listings: 3708 (3703, 3630, 3549)
Active condo listings: 2367 (2288, 2263, 2204)
Homes 4-week running average: $413k ($417k, $406k, $411k)
Condos 4-week running average: $209k ($205k, $203k, $195k)
Have a great weekend!
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 634 (664, 688, 588)
# Sales: 333 (299, 243, 228)
Ratio: 53% (45%, 35%, 39%)
# Price Changes: 345 (349, 326, 308)
Expired/Off-Market Listings: 208 (211, 403, 221)
Net loss/gain in listings this week: 93 (154, 42, 139)
Active single-family home listings: 3703 (3630, 3549, 3516)
Active condo listings: 2288 (2263, 2204, 2200)
Homes 4-week running average: $417k ($406k, $411k, $414k)
Condos 4-week running average: $205k ($203k, $195k, $203k)
Have a great weekend!
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 664 (688, 588, 434)
# Sales: 299 (243, 228, 201)
Ratio: 45% (35%, 39%, 46%)
# Price Changes: 349 (326, 308, 227)
Expired/Off-Market Listings: 211 (403, 221, 189)
Net loss/gain in listings this week: 154 (42, 139, 44)
Active single-family home listings: 3630 (3549, 3516, 3436)
Active condo listings: 2263 (2204, 2200, 2127)
Homes 4-week running average: $406k ($411k, $414k, $415k)
Condos 4-week running average: $203k ($195k, $203k, $205k)
Have a great weekend!
To succeed in real estate for the coming months and years, you will need to step up your mindset and find another gear. Right now that means extra forms, extra effort to set up showings, extra precautions when meeting with clients. You will have to sharpen your skills, take a hard look at your business plan, and your expenses. You're going to need to try new things such as video calls and Zoom meetings with clients, virtual open houses, and video walkthroughs. It doesn't need to happen overnight, but you need to adapt.
We've already been in a down market for years, and there are going to be even fewer sales for the foreseeable future; so if you're not willing to accept a lower income, you're going to have to find ways to increase your market share.
Our…
The Edmonton real estate market rebounded in May after COVID-19 took a serious bite out of the April market, but it's still considerably slower than we normally see at this time of year. There are plenty of buyers out looking (our website traffic is up over 40% from last May, with over 4.6million pageviews), but there were slim pickings at the beginning of May when most of the homes on the market were stale listings that had not adjusted to the new market reality; new listings started coming on the market in the last two weeks for the month, giving buyers more to choose from.
Sales are down, significantly, but the inventory is also down which has moved us from a sever buyer's market last month, to a mild buyer's market in May.
Different segments of the…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 497 (536, 378, 304)
# Sales: 174 (141, 157, 107)
Ratio: 35% (26%, 42%, 35%)
# Price Changes: 249 (242, 230, 190)
Expired/Off-Market Listings: 216 (419, 386, 146)
Net loss/gain in listings this week: 107 (-24, -165, 51)
Active single-family home listings: 3432 (3363 ,3249, 3327)
Active condo listings: 2075 (2032, 1975, 2047)
Homes 4-week running average: $407k ($407k, $407k, $404k)
Condos 4-week running average: $202k ($220k, $216k, $223k)
It's nice to see sales picking up, although they are still well below normal. There are a lot of people looking right now - traffic to our website is hitting all-time highs, and our…