May 2017

There are 2 blog entries for May 2017.

If you are going to sell your home soon, you will almost certainly need to do some pre-sale preparation, provided your goal is receive full market value. Here’s a quick list of items we think that YOU should complete, before you try and sell your home or condo.

Items to fix BEFORE you list your home sale:

1.Electrical issues – safety is a major concern for most buyers. These items could include upgrading the panel, and renewing bathroom power points

2.Fix a broken step & paint the front door – see the rule of the first 5 Seconds by clicking here. You only get one chance to make a first impression

3.Paint – if the paint on your walls and trim looks old, this is a great time to renew in neutral colours

4.Fix loose or missing handrails or

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Summary:

Confidence seems to be growing once again in the Edmonton home sales market. Sales prices are UP and inventory levels are DOWN.

Sales Values

 

Sales prices climbed nicely in April 2017. Home sellers received on average $5,545 MORE, than did those that sold a year ago. We anticipate that this trend may continue as the year progresses, albeit with perhaps the odd blip.

Days on Market

 

The market is speeding up. Based on April’s numbers, home sellers can expect to have their home under contract in around 52 days. This might be further evidence that the Edmonton market is starting to pick up nicely. 

Numbers Sold:

 

In April 88 fewer homes sold than last year. This is not significant.

Inventory levels are

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