Liv Real Estate Blog - Edmonton Real Estate Market

Edmonton Weekly Market Update, April 7/17

Posted by Liv Real Estate on April 7th, 2017

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 628 (503, 565, 535) # Sales: 243 (231, 276, 264) Ratio: 39% (46%, 49%, 49%) # Price Changes: 361 (329, 326, 262) # Expired/Off Market Listings: 297 (132, 126, 142) Net loss/gain in listings this week: 88 (140, 163, 129) Active single family home listings: 2,848 (2,781, 2,736, 2,670) Active condo listings: 2,411 (2,369, 2,305, 2,217) Homes 4-week running average: $430k ($440k, $438k, $437k) Condos 4-week running average: $246k ($239k, $235k, $234k) With the market conditions better than last year (even if it's just slightly better) I'm surprised we're still seeing more price reductions than sales. However, when you have a…

836 Views, 7 Comments

Real Estate Sales up Slightly in Edmonton in March - UPDATED

Posted by Liv Real Estate on April 1st, 2017

The REALTORS® Association of Edmonton released their monthly report on the real estate market in Edmonton this week, saying:

“We generally see activity in the housing market start to increase at this time of year,” says James Mabey, REALTORS® Association of Edmonton Chair. “Buyers can look forward to more inventory to choose from and sellers can count on more buyers in the marketplace.”

There are some interesting sub-plots going on when you dig into the numbers. First off, luxury home sales have significantly increased in the first quarter of 2017: As you can see from our snapshot on the market below, prices are up slightly, while inventory is down and sales are up: The board changed the way they report sales, so I won't have to make adjustments…

697 Views, 4 Comments

Weekly Real Estate Market Update, March 31/17

Posted by Liv Real Estate on March 31st, 2017

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 503 (565, 535, 570) # Sales: 231 (276, 264, 255) Ratio: 46% (49%, 49%, 45%) # Price Changes: 329 (326, 262, 258) # Expired/Off Market Listings: 132 (126, 142, 163) Net loss/gain in listings this week: 140 (163, 129, 152) Active single family home listings: 2,781 (2,736, 2,670, 2,582) Active condo listings: 2,369 (2,305, 2,217, 2,188) Homes 4-week running average: $440 ($438k, $437k, $436k) Condos 4-week running average: $239k ($235k, $234k, $238k) Full month report coming out tomorrow! Have a great weekend!

717 Views, 12 Comments

Weekly Market Update, March 24/17

Posted by Liv Real Estate on March 23rd, 2017

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 565 (535, 570, 577) # Sales: 276 (264, 255, 227) Ratio: 49% (49%, 45%, 39%) # Price Changes: 326 (262, 258, 275) # Expired/Off Market Listings: 126 (142, 163, 322) Net loss/gain in listings this week: 163 (129, 152, 28) Active single family home listings: 2,736 (2,670, 2,582, 2,510) Active condo listings: 2,305 (2,217, 2,188, 2,113) Homes 4-week running average: $438k ($437k, $436k, $425k) Condos 4-week running average: $235k ($234k, $238k, $231k) Have a great weekend!

693 Views, 0 Comments

Weekly Real Estate Market Update, Mar. 17/17

Posted by Liv Real Estate on March 17th, 2017

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 535 (570, 577, 516) # Sales: 264 (255, 227, 224) Ratio: 49% (45%, 39%, 43%) # Price Changes: 262 (258, 275, 219) # Expired/Off Market Listings: 142 (163, 322, 124) Net loss/gain in listings this week: 129 (152, 28, 168) Active single family home listings: 2,670 (2,582, 2,510, 2,479) Active condo listings: 2,217 (2,188, 2,113, 2,100) Homes 4-week running average: $437k ($436k, $425k, $418k) Condos 4-week running average: $234k ($238k, $231k, $240k) Two condos have sold for over $1million this month, which is not a common occurence in Edmonton, at the same time, 11 have sold for under $100k including a few under…

746 Views, 9 Comments

Weekly Market Update, March 10/17

Posted by Liv Real Estate on March 10th, 2017

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 570 (577, 516, 424) # Sales: 255 (227, 224, 235) Ratio: 45% (39%, 43%, 55%) # Price Changes: 258 (275, 219, 248) # Expired/Off Market Listings: 163 (322, 124, 140) Net loss/gain in listings this week: 152 (28, 168, 49) Active single family home listings: 2,582 (2,510, 2,479, 2,400) Active condo listings: 2,188 (2,113, 2,100, 2,017) Homes 4-week running average: $436k ($425k, $418k, $420k) Condos 4-week running average: $238k ($231k, $240k, $245k) Have a great weekend!

716 Views, 8 Comments

Weekly Market Update, March 3/17

Posted by Liv Real Estate on March 2nd, 2017

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 577 (516, 424, 475) # Sales: 227 (224, 235, 200) Ratio: 39% (43%, 55%, 42%) # Price Changes: 275 (219, 248, 198) # Expired/Off Market Listings: 322 (124, 140, 136) Net loss/gain in listings this week: 28 (168, 49, 139) Active single family home listings: 2,510 (2,479, 2,400, 2,371) Active condo listings: 2,113 (2,100, 2,017, 1,981) Homes 4-week running average: $425k ($418k, $420k, $424k) Condos 4-week running average: $231k ($240k, $245k, $246k) Have a great weekend.

810 Views, 9 Comments

Real Estate Sales on the Rise in Edmonton in February - Updated

Posted by Liv Real Estate on February 28th, 2017

Things are looking a lot better than last year in a few real estate categories in Edmonton this month, with supply coming down, and demand coming up. Sales were up over last year, and sales tend to be a leading indicator for prices - when sales go down, prices inevitably follow and when sales go up, prices tend to rise as well, in time. The REALTORS® Association of Edmonton released their report on the Greater Edmonton area market today, saying:

 “As we head into the spring buying season with stable prices, coupled with increases in unit sales and seasonally-appropriate inventory levels, it seems like a positive sign for our market,” says James Mabey, REALTORS® Association of Edmonton Chair.

Here's our snapshot on the real estate market in the Greater…

660 Views, 2 Comments

Weekly Real Estate Market Update, Feb. 24/17 - Updated

Posted by Liv Real Estate on February 24th, 2017

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 516 (424, 475, 440) # Sales: 224 (235, 200, 198) Ratio: 43% (55%, 42%, 45%) # Price Changes: 219 (248, 198, 240) # Expired/Off Market Listings: 124 (140, 136, 322) Net loss/gain in listings this week: 168 (49, 139, -80) Active single family home listings: 2,479 (2,400, 2,371, 2,293) Active condo listings: 2,100 (2,017, 1,981, 1,909) Homes 4-week running average: $418k ($420k, $424k, $421k) Condos 4-week running average: $240k ($245k, $246k, $249k) *UPDATE - March 3* Some of you noticed some issues with the numbers in this post and were in fact correct. It looks as though my spreadsheet didn't save correctly and a week of…

670 Views, 12 Comments

Weekly Market Update, Feb. 17/17

Posted by Liv Real Estate on February 17th, 2017

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 424 (475, 440, 431) # Sales: 235 (200, 198, 159) Ratio: 55% (42%, 45%, 37%) # Price Changes: 248 (198, 240, 260) # Expired/Off Market Listings: 140 (136, 322, 136) Net loss/gain in listings this week: 49 (139, -80, 136) Active single family home listings: 2,400 (2,371, 2,293, 2,325) Active condo listings: 2,017 (1,981, 1,909, 1,952) Homes 4-week running average: $420k ($424k, $421k, $426k) Condos 4-week running average: $245k ($246k, $249k, $232k) The blog is now moved to our new host, everything went well except we lost two comments. So sorry if yours was the one lost! Have a great weekend!

666 Views, 24 Comments