Covid 2020 Edmonton Area Real Estate activity UPDATES

March 29, 2020

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More on Covid & Real Estate in Alberta Here  See Q1 review pdf: Here

June 2 9:29 am 2020 total Association stats:

May Month End Results: DailyStats Edmonton CMA as of May 31 2020

See Yesterday’s totals here: DailyStats Edmonton CMA May 28 2020

as of May 29 2020 7:54 am TOTAL ASSOCIATION STATS:

Over all Performance May 1-22 shows improvement vs week 1 based on last 2 weeks trending:

Residential May 1 – 22 2020
2019 2020
Values Values % Y/Y
Edm  $  373,394.00  $ 361,662.00 96.86%
Edm CMA  $  366,971.00  $ 347,704.00 94.75%

May 27 2020 7:21 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 26 2020

May 26 2020 6:46 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 25 2020

May 25 2020 7:45 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 24 2020

May 24 2020 7:02 pm TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 23 2020

May 23 2020 2:23 pm TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 22 2020

May 21 RAE Special Report – Stats Trending shows positive potential: Looking at the Numbers May 21 2020 RAE Report

Do you find the above information interesting? Would you like to learn more about market statistics? Just ask!

DailyStats Edmonton CMA May 21 2020

May 22 2020 9:15 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 20 2020

May 21 2020 9:13 am TOTAL ASSOCIATION STATS:

May 20 2020 7:28 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 19 2020

May 19 2020 7:45 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 18 2020

May 18 2020 7:52 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 17 2020

May 17 2020 11:01 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 16 2020

May 15 2020 8:32 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 14 2020

May 14 2020 7:45 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 13 2020

May 13 2020 7:31 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 12 2020

May 12 2020 8:02 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA May 11 2020

All Residential May 1-8 2020
2019 2020
Avg Value Avg Value   Y/Y
Edm  $383,437.00  $357,587.00  93.26 %
Edm CMA  $373,826.00  $336,759.00  90.08 %

May 11 2020 7:03 am TOTAL ASSOCIATION STATS:

See DailyStats CMA May 10 2020

May 9 2020 6:59 am TOTAL ASSOCIATION STATS:

Edm CMA Daily stats May 8 2020

May 8 2020 8:00 am TOTAL ASSOCIATION STATS:

DailyStats Edmonton CMA as of May 7 2020

May 7 2020 11:13 am TOTAL ASSOCIATION STATS: 

See details of DailyStats May 6 2020 For Edmonton CMA

May 6 2020 – a quick look at MaxWell Realty’s Market Report for April Results full download here:

2020-04_Edmonton_Statistics:

May 6 2020 8:41 am TOTAL ASSOCIATION STATS:

May 5 2020 6:53 am TOTAL ASSOCIATION STATS: 

April MONTH END 2020 from RAE: Improved Y/Y value performance vs March.  Edmonton down less than 1% overall!. Town Homes/Row Houses up Y/Y in Edmonton and Area!

Download: MonthlyStatsBoard_2020_April_LANDSCAPEMay 4 2020 8:21 am TOTAL ASSOCIATION STATS:

May 3 2020 3:51 pm TOTAL ASSOCIATION STATS: (Avg Single Family Detached sale price MTD: $419,388 with 31 Sales)

May 2 2020 7:03 am TOTAL ASSOCIATION STATS:

May 1 2020 Edmonton CMA: As of April 30 – Edmonton CMA area Total summary shows Sale values vs last year

April 2019=$358,807…

April 2020=$353,577 or 98.5% Year over Year for April 2020! 

Take that COVID! 🙂

As of April 30 2020 6:10 am Total Association Activity MTD:

MTD Values Y/Y are down slightly as we approach month end:

April 1 – 29 As of April 29 10:05 AM
2019 2020
values values % Y/Y
 $  361,771.00 Edmonton  $  355,490.00 98.26%
 $  358,571.00 Edm CMA  $  345,409.00 96.33%

As of April 29 2020 9:48 am Total Association Activity MTD:

April 27 2020 5:40 pm Total Association Activity MTD:

April 26 2020 7:31 am Total Association Activity MTD:

With Week 3 now complete, Residential Sale Valuation Trending for April MTD continues to be fairly positive results so far vs last year:

2019 Residential Sales 2020 Residential Sales
Avg Value Avg Value % Y/Y
 $  361,129.00 Edm  $  361,052.00 Edm 99.98%
 $  343,750.00 CMA  $  350,376.00 CMA 101.93%

April 25 2020 1:08 pm Total Association Activity MTD:

April 24 2020 8:19 am Total Association Activity MTD:

April 23 2020 8:07 am Total Association Activity MTD:

April 22 2020 9:05 am Total Association Activity MTD:

April 21 2020 7:34 am Total Association Activity MTD:

April 20 2020 650 am Total Association Activity MTD:

April 19 2020 6:38 am Total Association Activity MTD:

April 18 2020 9:30 am Total Association Activity MTD:

With Week 2 now complete, Residential Sale Valuation Trending for April MTD shows fairly positive results so far vs last year:

          2019        2020
 Avg Sale Value   Avg Sale Value % Y/Y change
Edmonton  $358,880    $366,742 102.19%
Edm CMA  $357,560    $353,878  98.97%

April 17 2020 at 7:50 am Total Association MTD:

April 16 2020 7:19 am Total Association MTD:

April 15 2020 5:47 am Total Association MTD:

April week 1 values Year over Year (reported as of April 14 @ 7:50 am) for Edmonton. While activity is decreased, residential sale prices are up 1% year over year. Condo Values lead the way at 1.94%.

April 14 2020 7:53 am Total Association MTD:

April 13 2020 8:14 am Total Association MTD:

April 12 2o2o 6:32 am Total Association MTD:

April 11 2020 7:52 am Total Association MTD:

April 10 2020 7:44 am Total Association Mtd:

April 9 2020 105 pm Total Association MTD:

April 9 2020 634 am Total Association MTD

April 8 2020 End of day: Edmonton “CMA” total Active Listings: 7792 Total Sales MTD: 202

Total Association Stats as of 8:43 am Total Association MTD

April 7 2020 119 pm Total Association MTDApril 7 2020 550 am Total Association MTD

April 6 2020 7:12 pm Total Association MTD

April 6 2020 10:16 am Total Association MTD

April 5 2020 151 pm Total Association MTD

April 4 2020 @ 750 am Total Association MTD

April 3 2020 @ 3:05 pm Total Association MTD

April 2 2020:

March Finals are in! Edmonton sales and new listings up M/M and down Y/Y as expected. 

HOWEVER… with new listings down less than 12%, & sales down less than 5%… it may be better than many expected…

Many deals were “signed” weeks… some even months prior to the COVID announcement on March 11. April will certainly be telling on a daily basis. Day 2 and activity continues at a similar ‘pace’.

The Real Estate industry is rapidly evolving to accommodate the essential services required.

Practices and Processes defined and determined to support expectations and requirements for the best interests of our clients & customers as well as health and safety of all.

If you’d like more specifics/ daily updates: Just ask!

April 2 2020 @ 2:07 pm Total Association MTD

April 2 2020 @ 1:00 pm Total Association MTD

March 29, 2020

There has been a lot of talk about what’s happened due to COVID.  “Activity has dropped off since March 11 when Pandemic announced”… many different reputable sources are speaking on the subject… “The future is unclear” is the most definitive take-away seeming consistent.

While there is no doubt COVID is having an impact, as of the morning of March 29 the REALTOR®s Association of Edmonton (RAE) shows the following for March 2020 Month to Date:

3280 new listings, 1280 sales for the  Total Board area (approx as noted here, see further updates below) 

What was 2019 March Totals For Greater Edm Area? (Edmonton and the areas specifically named in the CMA report at top- a slightly smaller composite): 3592 new listings, 1283 total sales… so behind last year, but the sky has not fallen. 

I have had many conversations about the markets and what’s happening with COVID. What I can say:

  • Activity continues (my brokerage is adding new listings to the tune of 28 (at least) from Mar 11 to 25th… may be a little behind last year but quite steady …
  • Listings continue to get viewings – example – my newest listing got 8 showings from Friday – Monday when it listed (March 17). It it appears: Serious buyers are displaying urgency in the face of the unknown COVID brings.
    • Many appear to want to get “their new home” sooner than later.
  • I see evidence of existing listings continuing to generate showings… checklisted for COVID processes compliance and all!

The questions become: What do you think will happen? Do you NEED to engage in a transaction now?

  • If it’s gonna be a long haul… values may drop… a little, or a lot…
  • If it’s a short haul… same but with weighting to the “little” side vs the “a lot” side … but with a likely recovery sooner
    • ie are we talking 3 months or a year/longer to get back to ‘Current/2019” values or earlier?
  • What about the impact of the economy? Oil prices & the actions of other producers etc?

All good questions…clearly there may be more to the head winds than just COVID over the coming months.

If you have time and want to wait… do so… if you want / need to get out sooner and would like to potentially mitigate risks of that “unknown”, keeping your property front of the pack is critical…your listing’s interest and request for viewings are driven off of the price relative to features (price to value in the eyes of the beholders AKA Buyers)

  • Less viewings/activity is expected to be par for the COVID Course… but some of Marches activity suggests otherwise
  • April will be telling… likely more so than March

With that in mind, I have to admit I am constantly starving for up to the minute info and anecdotes from those with their hand on the pulse.. REALTOR®s working everyday … still closing deals, listing homes, consulting with buyers/sellers/those considering action… mainly via technology vs face to face (of course).

Same week (1 & 2) activity compared year over year may show a trend that was expected to surpass 2019 “pre Pandemic announcement”… it should show less after March 11 2020 … Feb 2020 results may be interpreted to support that trend (there was more new listings y/y in feb 2020 vs 19… (about 2500 vs 2400 in 2019)

Sources of data: 2020-02 Edm stats MaxWell Realty market report & RAE monthly & 5 year historicals.

Ask me for your copies.

March 31 UPDATE @ 6:28 am mst

 

April 2 UPDATE @ 2:00 pm mst (less than 2 full days reported)

 

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