Weekly Market Update, March 3/17
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: 577 (516, 424, 475)
# Sales: 227 (224, 235, 200)
Ratio: 39% (43%, 55%, 42%)
# Price Changes: 275 (219, 248, 198)
# Expired/Off Market Listings: 322 (124, 140, 136)
Net loss/gain in listings this week: 28 (168, 49, 139)
Active single family home listings: 2,510 (2,479, 2,400, 2,371)
Active condo listings: 2,113 (2,100, 2,017, 1,981)
Homes 4-week running average: $425k ($418k, $420k, $424k)
Condos 4-week running average: $231k ($240k, $245k, $246k)
Have a great weekend.
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Things are looking a lot better than last year in a few real estate categories in Edmonton this month, with supply coming down, and demand coming up. Sales were up over last year, and sales tend to be a leading indicator for prices - when sales go down, prices inevitably follow and when sales go up, prices tend to rise as well, in time. The REALTORS® Association of Edmonton released their report on the Greater Edmonton area market today, saying:
It’s all about curb appeal. Making that first good impression on potential home buyers starts with how your home looks like from the street. A well-designed landscape, green lawn, beautiful trees and maintained walkways will make it more aesthetically pleasing and could boost your resale value.
In the same way that good landscaping can attract buyers to your property, bad landscaping or an unkempt yard can turn them away. Professional landscapers in Edmonton can help you improve your home’s curb appeal, help you get a better return on investment and create an outdoor space you’re going to love using in the meantime.
Photo credit: RCL Canada Landscape Contractors & Supply
According to an article published on House Logic about landscaping to increase…
If you have older windows or if they are damaged, you could be losing a lot of energy and should consider a window replacement. Some tell-tale signs that your windows need replacing include:
Winter is best spent drinking hot chocolate and building snowmen, not re-roofing your house. Benoit Gosselin, operating manager at Safe Roofing Edmonton lists three main reasons why you should postpone your re-roofing project until springtime: