2021 REALTORS® Housing Forecast Seminar Live with Sara MacLennan
Posted by Liv Real Estate on
Good morning! The REALTORS® Forecast is back and I'm liveblogging the event. Things moved really quickly so I've edited the disaster I created during the event. The forecast takes place every year and features guest speakers who give forecasts on the local, national and global economy. There always seems to be a blizzard during the forecast, so luckily this year I got to attend from the comfort of home. I am thoroughly enjoying the snowstorm now taking place outside my windows.
Benjamin Tal, Deputy Chief Economist CIBC Capital Markets
The recession we're seeing as a result of COVID-19 is primarily a "service industry" recession, which suggests when the turnaround comes, it will come quickly, because the demand for services will be extremely high, and…900 Views, 0 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: 360 (101, 178, 220)
# Sales: 161 (102, 204, 186)
Ratio: 45% (101%, 115%, 85%)
# Price Changes: 154 (95, 84, 135)
Expired/Off-Market Listings: 530 (511, 189, 208)
Net loss/gain in listings this week: -331 (-512, -225, -174)
Active single-family home listings: 2095 (2087, 2371, 2476)
Active condo listings: 1784 (1730, 1950, 2007)
Homes 4-week running average: $412k ($404k, $415k, $421k)
Condos 4-week running average: $212k ($219k, $222k, $223k)
So far 2021 has been very busy for Edmonton real estate agents, traffic to our websites remains at all-time highs and agents are much busier than normal showing properties and…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 101 (178, 220, 301)
# Sales: 102 (204, 186, 188)
Ratio: 101% (115%, 85%, 62%)
# Price Changes: 95 (84, 135, 185)
Expired/Off-Market Listings: 511 (189, 208, 193)
Net loss/gain in listings this week: -512 (-225, -174, -80)
Active single-family home listings: 2087 (2371, 2476, 2569)
Active condo listings: 1730 (1950, 2007, 2052)
Homes 4-week running average: $404k ($415k, $421k, $431k)
Condos 4-week running average: $219k ($222k, $223k, $224k)
Happy New Year!!! I have tacked this week's numbers onto the end of last year's line and will move them to a new line next week. Will have the monthly stats up shortly!
Have a…
The real estate market finished out the year strong with the most sales we've seen in the Greater Edmonton Area (GEA) in December since 2007. After a rocky start, total sales in 2020 finished 3% ahead of 2019, with single-family homes in the communities outside of Edmonton - particularly St. Albert and Sherwood Park - seeing the largest gains. The benchmark price for single-family homes was up 4.1% compared to last December, while apartment-style condos continued to see declines (3.5% down from last year).
The REALTORS Association of Edmonton® will hold their annual forecast on January 13 and will include a forecast from Benjamin Tal of CIBC World Markets Inc., who happens to be my favourite economist, and I will be liveblogging the event right here.…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 178 (220, 301, 322)
# Sales: 204 (186, 188, 252)
Ratio: 115% (85%, 62%, 78%)
# Price Changes: 84 (135, 185, 223)
Expired/Off-Market Listings: 189 (208, 193, 482)
Net loss/gain in listings this week: -215 (-174, -80, -412)
Active single-family home listings: 2371 (2476, 2569, 2625)
Active condo listings: 1950 (2007, 2052, 2055)
Homes 4-week running average: $415k ($421k, $431k, $436k)
Condos 4-week running average: $222k ($223k, $224k, $223k)
Today is usually the slowest day of the year for us, in terms of traffic on our websites and inquiries; this is the first time I've been busy handling inquiries and requests to see…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 220 (301, 322, 313)
# Sales: 186 (188, 252, 232)
Ratio: 85% (62%, 78%, 74%)
# Price Changes: 135 (185, 223, 240)
Expired/Off-Market Listings: 208 (193, 482, 172)
Net loss/gain in listings this week: -174 (-80, -412, -91)
Active single-family home listings: 2476 (2569, 2625, 2829)
Active condo listings: 2007 (2052, 2055, 2222)
Homes 4-week running average: $421k ($431k, $436k, $432k)
Condos 4-week running average: $223k ($224k, $223k, $223k)
Have a great weekend!
For the 5th month in a row, sales were well ahead of normal levels (well above the past 10 years) in the Greater Edmonton Area (GEA). Sales were up 27% over last year in November. Year to date sales are now 1.5% ahead of last year. I was a little concerned that new listings would continue to outpace previous years, as it was in September and October, and bring the inventory level up faster than sales. However, the listings slowed down and then inventory actually dropped 15% lower than last year. With demand increasing and supply decreasing, we saw the overall benchmark price increase by 2% and the single-family benchmark increase by 3%. The apartment/condo sector continues to struggle and the benchmark price dropped 3.5% compared to last year.
Altus…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 313 (320, 377, 442)
# Sales: 232 (248, 246, 249)
Ratio: 74% (78%, 65%, 56%)
# Price Changes: 240 (280, 257, 340)
Expired/Off-Market Listings: 172 (190, 192, 451)
Net loss/gain in listings this week: -91 (-118, -61, -258)
Active single-family home listings: 2829 (2913, 2992, 3057)
Active condo listings: 2222 (2236, 2252, 2233)
Homes 4-week running average: $432k ($433k, $436k, $432k)
Condos 4-week running average: $223k ($225k, $228k, $226k)
Have a great weekend!