July 2016

There are 2 blog entries for July 2016.

Summary:

With the exception of January, the Edmonton home and condo resale market has defied predictions of the analysts, whom back in late January were suggesting value drops across Edmonton of between 2.4% and 3% by the year’s end. However, June has seen some slowing down when compared to the same period last year.

Days on Market

 

It’s taking 50 days to sell a home in Edmonton this year compared to only 45 days last year. However, when compared to many markets across Canada, this is still an excellent statistic. 

Sales Values

 

Whilst values climbed in May compared to last year, Edmonton home buyers were able to negotiate about a .3% discount for purchases made in June this year, compared to June 2015.

The average price

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Situation

MJ and Henry had renovated this lovely character home in Westmount. They wanted to have high degree of control over the marketing of this home and in particular showings. However, MJ and Henry were not comfortable with modern marketing techniques and in particular the internet and social media marketing. They also wanted to avoid high REALTOR® commissions. The Ambergate Realty Advisors flat fee program was a clear choice.

Result

Because of our marketing program MJ and Henry sold quickly, for full market value and they saved over $10,000 in real estate commissions.
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