Weekly Market Update, March 2/18

Thank you Sara for your diligent work to get these numbers posted up on a weekly basis.
I agree with all your sentiments that you stated in your note this week.

Although those who chirp the most get heard, please know there are many many more that appreciate the work you do to report these numbers on a weekly basis.

A 3.2% year over year growth in housing prices is quite good, a fair bit higher than inflation. Condo prices are also up about the same. I feel like we're in for a hot 2018!

Also, I absolutely love that trend line in the graph in Sara's other post. Shows how much the market's gone up in the last decade.

First let me say a sales to listings ratio of 36% supports my position that Edmonton has fallen deeply into a buyers market, which is the real story here.

Second,

I make the important point that this is a Marketing blog, with the express purpose of encouraging people to do business with LIV real estate. And because you get a lot of views and present statistics and analysis you are influencing people whether you care to believe that or not.

Based on the responses from some commentators, many have mistaken what you present here as the "facts" on real estate and I'm just adding a word of caution about that. Believing that the information presented on this blog or any other blog as "the facts," is not such a great idea because by the very fact that you are a real estate marketer, there is a great likelihood that bias will be present. I am also concerned that you never correct this point of view.

Thirdly, I have not called anyone any names and as for trolling that's your definition not mine. I express a different point of view and can back it up and am willing to do so publicly, how's that trolling?

Listings soaring.

It's 2.0% a year if we eyeball 2008 to be 360k and 2018 to be 440k. Is that supposed to be overwhelming or underwhelming? It looks entirely normal to me...

Thank you Sarah for the work but interpretations ae always subjective. Until the stats / sales will be public as they are in US on Zillow or other sites people will not fully trust personal interpretations... Now, personal interpretation also... with one of the biggest crise for oil, interest rates going up and changes in borrowing conditions prices didn't g down due to the subprime providers... This will still work for a while....

I am one of the silent watchers who appreciate all of the great information. Those who carry-on about their passion should save their weekly polit ical rant for their therapist. You give us great data and realistic analysis.

See what I mean? Another one who doesn't realize you are just a marketer selling your services.

Go away GPC. You’re adding zero value here. You’re comments lately have begun to fall into two categories:
1) Things we already know and this aren’t worth belabouring (ie Sarah and Liv sell a service- whop-dee-do)
2) personal insults designed to get you attention and spark an emotional response. This is called trolling, and I’m sorry your life turned out so bad you feel the need to seek attention on an small Edmonton RE forum.

Sara is a realtor- big deal. She and her partners(s) chose this profession because they have a passion for real estate. Sarah in particular likes the statistical side of it- that’s awesome. I love stats too, and appreciate her posting somendata here for me to review. No one else in the industry is doing this. All the other realtors I know just tell me i’d better buys now because ...... or ...... Always the same recycled two or three things. Sarah’s reports help me balance that.

So go away or smarten up. You’ve become boorish and predictably boring.

City Edmonton last 28 days.

SFH inventory 2334...sales 328
TH inventory 1204....sales 187
Condo inven 1474...sales 93

https://www.zolo.ca/edmonton-real-estate/trends
That's slightly different to what's posted here.

GPC instead of trying to be our moral, business, finance, real estate guardian why don't you take your comments to another web site/blog. We are all mature enough to make up our own minds on the state of the market. Your comments are boring and tiresome. I'm assuming they are borne out of some long lasting anger you have towards real estate. Maybe always trying unsuccessfully to pick the bottom? Don't know don't care.

Hey Spud,

Trouble is marketing influences purchasing decisions every minute of every day and that is one of the reasons (among many others) that real estate prices have gone up to the unsustainable levels they're now at. I comment because I am troubled by the fact that so many of you get your "facts" from a marketing blog.

BUBU put it best "...but interpretations are always subjective. Until the stats / sales will be public as they are in US on Zillow or other sites people will not fully trust personal interpretations… "


I am also aware that this is a rah rah Real Estate blog but Sara has made it clear that personal attacks will not be tolerated on this and I expect your comment to be deleted any moment now... LOL.

GPC you are marketing yout POV which is not supported by facts. People follow success and if you failed to capitalize on the real estate boom or don't own your own place then you cant be that successful. I have been reading the blog for years and I find it very useful and thank the blog owners for the updates.

The stats are the stats, what I am doing is making them more open. I also, usually, offer some interpretation which is open to discussion. But, unless I make a typo (which I always admit when it happens), the numbers posted are the actual numbers.

Thanks for your kind remarks, and you're welcome :)

If you don't like my point of view just ignore me Trev.

As far as personal attacks go, I'd say you're doing a pretty good job Trev.

I like that Burney, I'm marketing my point of view. I guess that's ok since this is what this blog is all about.