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May Month End Results: DailyStats Edmonton CMA as of May 31 2020
See Yesterday’s totals here: DailyStats Edmonton CMA May 28 2020
Over all Performance May 1-22 shows improvement vs week 1 based on last 2 weeks trending:
|Residential||May 1 – 22 2020|
|Edm||$ 373,394.00||$ 361,662.00||96.86%|
|Edm CMA||$ 366,971.00||$ 347,704.00||94.75%|
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!
|All Residential||May 1-8 2020|
|Avg Value||Avg Value||Y/Y|
|Edm CMA||$373,826.00||$336,759.00||90.08 %|
May 6 2020 – a quick look at MaxWell Realty’s Market Report for April Results full download here:
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:
April 2020=$353,577 or 98.5% Year over Year for April 2020!
Take that COVID! 🙂
MTD Values Y/Y are down slightly as we approach month end:
|April 1 – 29||As of April 29||10:05 AM|
|$ 361,771.00 Edmonton||$ 355,490.00||98.26%|
|$ 358,571.00 Edm CMA||$ 345,409.00||96.33%|
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%|
With Week 2 now complete, Residential Sale Valuation Trending for April MTD shows fairly positive results so far vs last year:
|Avg Sale Value||Avg Sale Value||% Y/Y change|
|Edm CMA $357,560||$353,878||98.97%|
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 8 2020 End of day: Edmonton “CMA” total Active Listings: 7792 Total Sales MTD: 202
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!
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:
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.
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March 31 UPDATE @ 6:28 am mst
April 2 UPDATE @ 2:00 pm mst (less than 2 full days reported)