Are You Waiting To Buy?

Posted by Ambergate Realty Advisors on Monday, July 20th, 2015 at 4:06pm.

 

Metro Edmonton *

Qtr. 2 2014

Qtr. 2 2015

Change

Number of Homes & Condos Sold

5540

5081

-8%

Average Prices

$379,588

$390,038

+3%

Days on Market

35

43

+8 days

* Source Edmonton MLS System Edmonton, Sherwood Park & St Albert

You’ve read everything online, watched television and perhaps even read in the newspaper that our economy is challenged and that house prices are coming down.

Whilst this may be true in the market from where most of this news emanates, ie. Toronto and Vancouver, I don’t think it’s true here in metro Edmonton. Quarter 2 results prove my point. Sales volume is down, as many potential buyers have sidelined themselves. However, those that did choose home ownership paid $10,450 MORE than did buyers in 2014.

My advice – if you are in a position to buy, now do it now. If you plan on waiting until next year, you can expect to pay more. Can we help you buy? To reach our broker owner Stuart Neal, please call him at: 780-760-2014 or visit www.AmbergateHomes.com.

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