Liv Real Estate Blog - Edmonton Real Estate Market

Weekly Market Update, March 16/18

Posted by Liv Real Estate on March 16th, 2018

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 587 (557, 665, 457) # Sales: 210 (260, 238, 189) Ratio: 36% (47%, 36%, 41%) # Price Changes: 339 (285, 281, 206) # Expired/Off Market Listings: 173 (172, 364, 178) Net loss/gain in listings this week: 204 (125, 63, 90) Active single family home listings: 3097 (2949, 2860, 2778) Active condo listings: 2346 (2269, 2207, 2222) Homes 4-week running average: $425k ($429k, $438k, $444k) Condos 4-week running average: $238k ($239k, $237k, $235k) Have a great weekend!

519 Views, 11 Comments

Weekly Real Estate Market Update, Mar. 9/18

Posted by Liv Real Estate on March 9th, 2018

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 557 (665, 457, 452) # Sales: 260 (238, 189, 206) Ratio: 47% (36%, 41%, 46%) # Price Changes: 285 (281, 206, 250) # Expired/Off Market Listings: 172 (364, 178, 145) Net loss/gain in listings this week: 125 (63, 90, 101) Active single family home listings: 2949 (2860, 2778, 2743) Active condo listings: 2269 (2207, 2222, 2145) Homes 4-week running average: $429k ($438k, $444k, $442k) Condos 4-week running average: $239k ($237k, $235k, $234k) Have a great weekend.

522 Views, 27 Comments

Weekly Market Update, March 2/18

Posted by Liv Real Estate on March 2nd, 2018

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 665 (457, 452, 511) # Sales: 238 (189, 206, 189) Ratio: 36% (41%, 46%, 37%) # Price Changes: 281 (206, 250, 197) # Expired/Off Market Listings: 364 (178, 145, 155) Net loss/gain in listings this week: 63 (90, 101, 167) Active single family home listings: 2860 (2778, 2743, 2688) Active condo listings: 2207 (2222, 2145, 2089) Homes 4-week running average: $438k ($444k, $442k, $456k) Condos 4-week running average: $237k ($235k, $234k, $225k) Quite a lively discussion on last week's post... I love the debate and the intelligent arguments that are brought up, and the constructive criticism, but the name calling, trolling, and…

499 Views, 17 Comments

Demand for Real Estate Cools in February in Edmonton - UPDATED

Posted by Liv Real Estate on March 1st, 2018

Here is our snapshot of the Greater Edmonton Area real estate market based on the monthly report released by The REALTORS® Association of Edmonton (Edmonton only comments and charts follow):  

Edmonton Stats

After a more active January, the real estate market cooled off a bit in Edmonton in February; single-family home sales were above average and condo sales were roughly average in January and sales in both categories (while up month over month) dropped to below average levels in February. 506 single family homes were reported sold in Edmonton in February, down 13% from last February. Condo sales were also down 13% from last February; 230 condos were reported sold in Edmonton. The average price of single-family homes sold in Edmonton…

549 Views, 1 Comments

Weekly Market Update, Feb. 23/18

Posted by Liv Real Estate on February 23rd, 2018

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 457 (452, 511, 461) # Sales: 189 (206, 189, 177) Ratio: 41% (46%, 37%, 38%) # Price Changes: 206 (250, 197, 215) # Expired/Off Market Listings: 178 (145, 155, 393) Net loss/gain in listings this week: 90 (101, 167, -109) Active single family home listings: 2778 (2743, 2688, 2571) Active condo listings: 2222 (2145, 2089, 2003) Homes 4-week running average: $444k ($442k, $456k, $443k) Condos 4-week running average: $235k ($234k, $225k, $222k) Looks like sales will be lower than last February when the monthly totals are calculated next week, perhaps single-family home prices have already peaked for this year? That would be…

562 Views, 45 Comments

Weekly Market Update, Feb. 16/18

Posted by Liv Real Estate on February 16th, 2018

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 452 (511, 461, 459) # Sales: 206 (189, 177, 174) Ratio: 46% (37%, 38%, 38%) # Price Changes: 250 (197, 215, 212) # Expired/Off Market Listings: 145 (155, 393, 163) Net loss/gain in listings this week: 101 (167, -109, 122) Active single family home listings: 2743 (2688, 2571, 2632) Active condo listings: 2145 (2089, 2003, 2042) Homes 4-week running average: $442k ($456k, $443k, $429k) Condos 4-week running average: $234k ($225k, $222k, $226k) Well if this article doesn't prove real estate markets are local, I don't know what does: "Canadian home sales, listings slump in January with arrival of new mortgage rules." In…

530 Views, 14 Comments

Weekly Market Update, Feb. 9/18

Posted by Liv Real Estate on February 9th, 2018

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 511 (461, 459, 474) # Sales: 189 (177, 174, 179) Ratio: 37% (38%, 38%, 38%) # Price Changes: 197 (215, 212, 257) # Expired/Off Market Listings: 155 (393, 163, 187) Net loss/gain in listings this week: 167 (-109, 122, 108) Active single family home listings: 2688 (2571, 2632, 2562) Active condo listings: 2089 (2003, 2042, 1987) Homes 4-week running average: $456k ($443k, $429k, $426k) Condos 4-week running average: $225k ($222k, $226k, $222k) There have been 16 sales of single-family homes over $1million in the past 30 days, which explains at least in part, the drastic increase in the average price this week.

481 Views, 9 Comments

Weekly Market Update, Feb. 2/18

Posted by Liv Real Estate on February 2nd, 2018

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 461 (459, 474, 458) # Sales: 177 (174, 179, 133) Ratio: 38% (38%, 38%, 29%) # Price Changes: 215 (212, 257, 196) # Expired/Off Market Listings: 393 (163, 187, 225) Net loss/gain in listings this week: -109 (122, 108, 100) Active single family home listings: 2571 (2632, 2562, 2491) Active condo listings: 2003 (2042, 1987, 1946) Homes 4-week running average: $443k ($429k, $426k, $406k) Condos 4-week running average: $222k ($226k, $222k, $227k) Have a great weekend!

535 Views, 2 Comments

Real Estate Sales, Listings and Inventory up in Edmonton in January - UPDATED

Posted by Liv Real Estate on February 1st, 2018

These charts really tell the story about what is happening with the Edmonton real estate market. Sales are up 14% over last year, while inventory is up 7% over last year to the highest level we've seen in January in 10 years. A lot of buyers seem to have moved their purchase forward due to rising mortgage rates. The average price is up 0.64% over last year and the median price is down 2.9%: Our preliminary stats on the Edmonton real estate market in January showed:

• Single-family home sales were up 12% over last January, while condo sales were up 29%
• Single-family prices were up 3.2% to $438,852 and condo prices were down 8.9% to $221,736
• The average price per square was equal to last year at $281 for single-family and down $18 to…

516 Views, 0 Comments

Weekly Market Update, Jan. 26/18

Posted by Liv Real Estate on January 26th, 2018

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 459 (474, 458, 243) # Sales: 174 (179, 133, 107) Ratio: 38% (38%, 29%, 44%) # Price Changes: 212 (257, 196, 134) # Expired/Off Market Listings: 163 (187, 225, 661) Net loss/gain in listings this week: 122 (108, 100, -525) Active single family home listings: 2632 (2562, 2491, 2406) Active condo listings: 2042 (1987, 1946, 1891) Homes 4-week running average: $429k ($426k, $406k, $419k) Condos 4-week running average: $226k ($222k, $227k, $238k) Have a great weekend!

491 Views, 0 Comments