Real Estate Sales up 51% in Edmonton in February
Posted by Liv Real Estate on
After bottoming out in December 2019, single-family home prices have rebounded. The benchmark price for single-family homes in the greater Edmonton area is up 5.4% from the same time last year. Homes in lower price ranges continue to move quickly, often selling with multiple offers. Fixed-rate mortgage rates are on the rise, which could spur even more activity over the next few weeks (if you're looking to buy, now is the time to get a rate hold).
I'll update this post when the REALTORS Association of Edmonton releases their monthly report on the market later this week.
The areas surrounding Edmonton continue to see the most sales activity. Edmonton single-family home sales were up 28% in February compared to last year, while the market as a whole was…
691 Views, 1 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: 481 (440, 467, 529)
# Sales: 309 (280, 283, 288)
Ratio: 64% (64%, 61%, 54%)
# Price Changes: 261 (164, 170, 205)
Expired/Off-Market Listings: 107 (114, 124, 297)
Net loss/gain in listings this week: 65 (46, 69, -56)
Active single-family home listings: 2142 (2133, 2111, 2120)
Active condo listings: 2117 (2047, 1967, 1928)
Homes 4-week running average: $425 ($415, $420, $430)
Condos 4-week running average: $214 ($219, $220, $215)
The Bank of Canada Governor Tiff Macklem warned the Calgary and Edmonton chambers of commerce this week that they're seeing signs of over-heating in the Canadian housing market this week. He…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 440 (467, 529, 450)
# Sales: 280 (283, 288, 249)
Ratio: 64% (61%, 54%, 55%)
# Price Changes: 164 (170, 205, 175)
Expired/Off-Market Listings: 114 (124, 297, 145)
Net loss/gain in listings this week: 46 (69, -56, 56)
Active single-family home listings: 2133 (2111, 2120, 2148)
Active condo listings: 2047 (1967, 1928, 1940)
Homes 4-week running average: $415 ($420, $430, $422)
Condos 4-week running average: $219 ($220, $215, $210)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 467 (529, 450, 433)
# Sales: 283 (288, 249, 188)
Ratio: 61% (54%, 55%, 43%)
# Price Changes: 170 (205, 175, 190)
Expired/Off-Market Listings: 124 (297, 145, 176)
Net loss/gain in listings this week: 60 (-56, 56, 69)
Active single-family home listings: 2111 (2120, 2148, 2125)
Active condo listings: 1967 (1928, 1940, 1887, 1838)
Homes 4-week running average: $420 ($430, $422, $432)
Condos 4-week running average: $220 ($215, $210, $195)
I was wondering if the cold weather might cool things off a bit... after three weeks of increasing sales we had a slight dip this week. We're still well ahead of the past few years though.…
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.
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.…