Forward momentum as we move into fall!

Posted by Robert and Shawna Eskiw on Monday, October 7th, 2019 at 1:24pm.

 

Overall the residential market in September brought a forward momentum as sales were up over last year at the same time.  The Greater Edmonton Real Estate market remains stable as we head into fall, and we also saw an increase in number of listings that hit the market compared to 2018. 

Simplified...

OVERALL RESIDENTIAL Year over Year average unit sales were up across the board, prices were down 6% and 4% from last month.

Single Family Homes sales down just under 3% from last year, prices were down 2.16% and 3.27% from last month.

Duplex/Row Housing sale were up 7,52% from last year, prices remain unchanged from last year and up 3.17% from last month.

Condos sales were up 26% from last year, prices dropped just under 10% and were down 7.17% from last month. 

We have just over 6 months of inventory available in the residential housing available if nothing new hits the market which we know will change.  16% of all listings are selling as a whole or 1.6 out of 10 based on last months stats.  Sellers your listed properties need to be compelling and they need to stand out!  Buyers you still have choices when shopping for you new home, but we aren't seeing the huge gaps from list price to sale price. 

If you'd like our full version of the market conditions or interested in just chatting about how your property would fair in the market reach out we'd be happy to chat.

We’d love to hear from you, send us your questions or comments. 

Shawna & Robert 

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