Top 5 Tips for Selling Your Home During COVID-19
Posted by Liv Real Estate on
A lot of people are interested in how real estate is being conducted with COVID-19 restrictions in place. While the market has slowed down, there are still a lot of people buying and selling, albeit with some extra precautions in place. If you’re thinking of buying or selling real estate this spring you can also check out our “what to expect” and “COVID FAQs for real estate” blog posts or watch our Facebook Live Video to learn more. Here are our Top 5 Tips for selling your home during COVID-19:
1. Get a Virtual Evaluation
Sitting around the kitchen table to discuss pricing, marketing, the market, and everything you need to know about selling your home is not ideal at the moment. So, many agents are taking that portion of the evaluation online. Agents…
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 536 (378, 304, 254)
# Sales: 141 (157, 107, 120)
Ratio: 26% (42%, 35%, 47%)
# Price Changes: 242 (230, 190, 181)
Expired/Off-Market Listings: 419 (386, 146, 171)
Net loss/gain in listings this week: -24 (-165, 51, -37)
Active single-family home listings: 3363 (3249, 3327, 3287)
Active condo listings: 2032 (1975, 2047, 2006)
Homes 4-week running average: $407k ($407k, $404k, $403k)
Condos 4-week running average: $220k ($216k, $223k, $220k)
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: 378 (304, 254, 358)
# Sales: 157 (107, 120, 111)
Ratio: 42% (35%, 47%, 31%)
# Price Changes: 230 (190, 181, 189)
Expired/Off-Market Listings: 386 (146, 171, 195)
Net loss/gain in listings this week: -165 (51, -37, 52)
Active single-family home listings: 3249 (3327, 3287, 3289)
Active condo listings: 1975 (2047, 2006, 2039)
Homes 4-week running average: $407k ($404k, $403k, $400k)
Condos 4-week running average: $216k ($223k, $220k, $209k)
Have a great weekend!
We don't often see sales decline in April compared to March, and I don't think we've ever seen them drop to back down to December/January levels, but that's what COVID-19 has done to the real estate market in Edmonton. Perhaps some are surprised to see any homes sold at all; we and many in the industry were projecting sales to drop between 50-65% compared to last year, which is exactly what happened. 383 sales were reported in Edmonton in April, down 50% from last April. If you're thinking of buying or selling real estate this spring make sure you check out our "what to expect" and "COVID FAQs for real estate" blog posts from earlier this week.
I will update this post when the REALTORS® Association of Edmonton releases its monthly report on the market…
Do you have questions about buying and selling real estate during COVID-19? We're certainly getting a lot of questions from clients and friends, not to mention colleagues across North America. Whether you're thinking about buying or selling a home in the near future, or you're just curious about what it's like for real estate agents in Edmonton, we've got your answers. Here are the most common questions we're hearing right now - ask your questions in the comments and we'll happily answer them.
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 254 (358, 334, 329)
# Sales: 120 (111, 144, 188)
Ratio: 47% (31%, 43%, 57%)
# Price Changes: 181 (189, 185, 224)
Expired/Off-Market Listings: 171 (195, 395, 161)
Net loss/gain in listings this week: -37 (52, -205, -20)
Active single-family home listings: 3287 (3289, 3244, 3351)
Active condo listings: 2006 (2039, 2010, 2096)
Homes 4-week running average: $403k ($400k, $400k, $402k)
Condos 4-week running average: $220k ($209k, $225k, $214k)
Have a great weekend!