Weekly Market Update, Jan. 11/19
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: 450 (235, 89,218)
# Sales: 120 (113, 68, 158)
Ratio: 27% (48%, 76%, 72%)
# Price Changes: 248 (167, 71, 178)
# Expired/Off Market Listings: 245 (720, 174, 306)
Net loss/gain in listings this week: 85 (-598, -153, -246)
Active single family home listings: 2999 (2958, 3293, 3401)
Active condo listings: 1809 (1762, 1983, 2031)
Homes 4-week running average: $ 414k ($431k, $423k, $424k)
Condos 4-week running average: $216k ($214k, $205k, $205k)
The REALTORS® Association of Edmonton held their annual forecast seminar this week and predicted another year of high inventory and low demand, which will put more pressure on prices in…
540 Views, 5 Comments
As expected, the real estate market was slower than normal in December. 376 single-family homes were reported sold in December - down 19% from last December.
142 condos were reported sold in December - down 32% from last year.
The average price of single-family homes was down 4% from last December to $430,287 and the median price was down 0.7% to $377,750. The average price of condos was down 14% from last December to $204,349 and the median price was down 7% to $194,500.
The average price per square foot for single-family homes was down $4 to $276 and for condos was down $13 to $210 from last December.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 89 (218, 237, 396)
# Sales: 68 (158, 160, 179)
Ratio: 76% (72%, 68%, 45%)
# Price Changes: 71 (178, 236, 267)
# Expired/Off Market Listings: 174 (306, 210, 563)
Net loss/gain in listings this week: -153 (-246, -133, -346)
Active single family home listings: 3293 (3401, 3577, 3682)
Active condo listings: 1983 (2031, 2068, 2070)
Homes 4-week running average: $423k ($424k, $420k, $415k)
Condos 4-week running average: $205k ($205k, $205k, $207k)
Have a great weekend and Happy New Year!!
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 218 (237, 396, 318)
# Sales: 158 (160, 179, 195)
Ratio: 72% (68%, 45%, 61%)
# Price Changes: 178 (236, 267, 294)
# Expired/Off Market Listings: 306 (210, 563, 241)
Net loss/gain in listings this week: -246 (-133, -346, -118)
Active single family home listings: 3401 (3577, 3682, 3886)
Active condo listings: 2031 (2068, 2070, 2177)
Homes 4-week running average: $424k ($420k, $415k, $427k)
Condos 4-week running average: $205k ($205k, $207k, $212k)
Sure is different from last year at this time, when everyone was rushing to buy a home before the new mortgage rules kicked it.
Wishing everyone a Merry Christmas, Happy…
Moving is often a time-consuming and stressful event, but you can make the process easier by using a variety of tips that are recommended by others. Here are 10 tips to use so that you can make the transition to your new home easier.
Tip 1: Contact Professional Moving Companies Right AwayÂ
As soon as you know that you are moving, begin contacting moving companies in your city to receive estimates for services. When you have friends with trucks, you can recruit them to help you move a short distance, but you should still buy strong cardboard boxes or plastic totes, and you will want to protect your electronics, appliances and furniture with waterproof tarps.
Tip 2: Begin Sorting Through Your Possessions
Moving is an excellent opportunity to reduce…
From creating a space for mindful relaxation, to cultivating your own food, landscaping trends in Edmonton in 2019 are going to be all about getting away from the everyday rush, spending time with loved ones, and getting closer to nature. The outdoor living trend will carry over and grow from 2018, to realize creating unique, exciting ideas that are beautiful additions to your home.
Here's what's coming in 2019:
Another month with lower sales and higher inventory than in recent years lead to lower prices in the Greater Edmonton area in November. Here's our snapshot of the market in November:
Benchmark prices are also down year-over-year across all categories: