July 2017

There are 2 blog entries for July 2017.

Situation

Eileen had reached a point in her life where she needed to downsize. Eileen was not at first comfortable with the notion of working with a REALTORĀ® and decided to try advertising on Kijji. It quickly became apparent to Eileen that she would find the home selling process too overwhelming, without the assistance and support of a professional home selling company. Eileen researched her options and deciding to work with Ambergate Realty Advisors was an easy choice.

Result

We created complete exposure to the market for Eileen's Cumberland two-storey. We generated many showings and identified a suitable buyer. We negotiated full market value for Eileen and saved her more than $6,000 in commissions.

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Summary:

The June market proved to be extremely interesting. Days on market is down, Values are way UP. Inventory is UP. If demand continues, home sellers have little to worry about and buyers should be prepared to pay more. However, with inventory levels climbing, the picture could change dramatically over the next few months.

Sales Values

June presented us with a major surprise. Home sellers enjoyed a 5% uplift in values and received over $17,600 MORE than home sellers did in 2016. The average sales price was around $399,973 compared to only $382,326 in June 2016.

Numbers Sold:

1323 homes sold across Edmonton in June 2017, which is only 85 homes LESS than in 2016. The bigger concern is the number of homes currently for sale.

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