Weekly Market Update, January 3/20

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 182 (123, 243, 300) # Sales: 110 (105, 149, 185) Ratio: 60% (85%, 61%, 62%) # Price Changes: 152 (71, 153, 208) Expired/Off-Market Listings: 660 (171, 260, 250) Net loss/gain in listings this week: -588 (-153, -166, -135) Active single-family home listings: 2770 (3120, 3209, 3309) Active condo listings: 1581 (1795, 1831, 1865) Homes 4-week running average: $402k ($412k, $412k, $413k) Condos 4-week running average: $222k ($226k, $221k, $219k)

Have a great weekend! Posted by Liv Real Estate on January 3rd, 2020

This is dismal. I am official underwater on my mortgage :(

Posted by Tom on Friday, January 3rd, 2020 at 2:40am

Powell said they're going to spike inflation. We see oil rising in price due to money printing in the repo market in America. Of course the U.S. stock market is the most overvalued in history more overvalued than 1929 and 1873 combined. 202 should be a stellar year for Platinum. Platinum is my best best for 2020 and 2021.

Posted by Tony on Saturday, January 4th, 2020 at 4:46am

What are the arrows for?

Posted by GM on Saturday, January 4th, 2020 at 5:42am

Tony what was your best bet for 2019? I'm assuming given your overvalued statement that you missed the 30+% return in the US stock market? Without any evidence of successful investing you are just another spit baller throwing up guesses.

Posted by Stu on Sunday, January 5th, 2020 at 11:51pm

I didn't have a best bet for 2019. For 2018 it was to short the Canadian dollar against the U.S. dollar.

Posted by Tony on Tuesday, January 7th, 2020 at 6:24am

Um, this is still a real estate blog isn't it.??

Posted by birdlady on Wednesday, January 8th, 2020 at 1:46am

I dunno. Ask Tony.

Posted by GM on Wednesday, January 8th, 2020 at 4:18am

Tony,

So I assume you're short the US stock market in very big way?
Or are you too scared to act on your convictions?

Posted by GM on Wednesday, January 8th, 2020 at 6:45am

Tony a broken watch tells the correct time eventually. Good luck with your Platinum investment.

Posted by stu on Wednesday, January 8th, 2020 at 11:58pm

The US markets hit another new high today Tony.
You must be losing a lot of money on your short positions.

Or... are you just full of hot air and don't really believe what you're saying?

Posted by GM on Thursday, January 9th, 2020 at 3:59am

Hey, sorry for the late reply... there is only one data point for 2020 so far, so you can't see it without some sort of marker... I used arrows to point at the data point.

Posted by Sara MacLennan on Saturday, January 11th, 2020 at 2:01am

Weekly Market Update, January 3/20

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