Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 313 (320, 377, 442) # Sales: 232 (248, 246, 249) Ratio: 74% (78%, 65%, 56%) # Price Changes: 240 (280, 257, 340) Expired/Off-Market Listings: 172 (190, 192, 451) Net loss/gain in listings this week: -91 (-118, -61, -258) Active single-family home listings: 2829 (2913, 2992, 3057) Active condo listings: 2222 (2236, 2252, 2233) Homes 4-week running average: $432k ($433k, $436k, $432k) Condos 4-week running average: $223k ($225k, $228k, $226k) Have a great weekend!
Posted by Liv Real Estate on
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Prices are hanging in there.

Posted by GM on Thursday, November 26th, 2020 at 8:53pm

You would think that this would be the best time of year to sell a property. The number of listings always plunges around this time of year, meaning there would be very little competition. Your listing would stand out among the crowd for those looking for a place.
At least that's the way I see it.

Posted by GM on Thursday, November 26th, 2020 at 8:55pm

There is less competition, but there are also fewer people looking. If you don't have a nice yard, the snow will hide it quite nicely though ;)

Posted by Sara MacLennan on Thursday, November 26th, 2020 at 9:00pm

The snow also hides a bad roof, if it's covered in snow.

Posted by GM on Friday, November 27th, 2020 at 8:03pm

Wasn't Edmonton rated the most affordable housing market in Canada? Despite this terrible year, I don't think prices had anywhere to go, excluding condos.

Hopefully we go back to seeing some modest gains over the next 5 years...

Posted by NIck on Sunday, November 29th, 2020 at 4:03am

I hope so too :)

Posted by Sara MacLennan on Monday, December 14th, 2020 at 5:13am

Yes it does... you can look into the age of the roof and make an educated guess based on age, the inspector can/should also look in the attic and see if there are any leaks.

Posted by Sara MacLennan on Monday, December 14th, 2020 at 5:17am

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