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 accusations are not appreciated and will not be tolerated. And I want to get one thing straight here. Some of you seem to think, that I have ulterior motives in posting these stats each week, that somehow I believe that my thoughts on the real estate market will actually impact the market itself. Some of you have suggested that if I say things are going well that I think it will encourage people to buy more real estate and that I might purposely inflate numbers or misreport stats. That is the most ridiculous notion I've ever heard. The market is the market, the number of people that are going to buy a home and the prices they sell for are not affected by this blog! The market is affected by things like population changes, jobs, the economy, government policy, mortgage rates, supply of homes, but certainly not by what I say on this blog. All I'm trying to do is give people an idea what is happening to real estate in Edmonton, and why it may be happening, and that's what I've been doing for 13 years. For the stats, I will say that's an awful lot of new listings for the first week of March... If you'd like more analysis of the numbers this week, please do have a look at the monthly stats I posted yesterday, there is some interesting stuff in there. Have a great weekend. Posted by Liv Real Estate on
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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.

Posted by 123kid on Thursday, March 1st, 2018 at 7:23pm

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.

Posted by Tom on Thursday, March 1st, 2018 at 7:32pm

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.


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?

Posted by GPC on Thursday, March 1st, 2018 at 7:42pm

Listings soaring.

Posted by GM on Thursday, March 1st, 2018 at 8:49pm

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...

Posted by Anonymous on Thursday, March 1st, 2018 at 11:10pm

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....

Posted by Bubu on Thursday, March 1st, 2018 at 11:47pm

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.

Posted by Chuck on Friday, March 2nd, 2018 at 3:17am

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

Posted by GPC on Friday, March 2nd, 2018 at 4:36am

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.

Posted by Trev on Saturday, March 3rd, 2018 at 1:13am

City Edmonton last 28 days.

SFH inventory 2334...sales 328
TH inventory 1204....sales 187
Condo inven 1474...sales 93
That's slightly different to what's posted here.

Posted by Shirl on Saturday, March 3rd, 2018 at 6:26am

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.

Posted by Spud on Tuesday, March 6th, 2018 at 9:01pm

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.

Posted by GPC on Tuesday, March 6th, 2018 at 10:14pm

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.

Posted by Burney on Thursday, March 8th, 2018 at 2:01am

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.

Posted by Sara MacLennan on Friday, March 9th, 2018 at 3:21am

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

Posted by Sara MacLennan on Friday, March 9th, 2018 at 3:22am

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.

Posted by GPC on Friday, March 9th, 2018 at 4:57am

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.

Posted by GPC on Friday, March 9th, 2018 at 4:58am

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