August – Edmonton Market Stays Strong

Posted by Ambergate Realty Advisors on Tuesday, September 6th, 2016 at 5:49pm.


Summary:
August proved that our Edmonton market is robust. Values were markedly up in July and stayed high throughout August. Days on market is flat, suggesting a balanced market for buyers and sellers. Almost the same numbers of homes were sold in August compared to last year, pointing to ongoing and strong demand.

Sales Values

Sales in Edmonton dropped slightly in August, but only by a modest $1197 dollars over the same time last year.

Days on Market

Homes were selling in the same amount of time as last year i.e. only 54 days.

Numbers Sold:

Only 7 fewer Edmonton homes sold in August 2016 compared to August last year.

Outlook:

If you are buyer looking for a home we urge you not to wait too long. Values are increasing and your choices will become more limited as we enter the fall market.

Selling your home or investment now could be a great option. There is strong demand and buyers are willing you pay you full market value.

Want more information about our discount and flat fee home selling and purchase programs? Please feel free to call our broker owner Stuart Neal at: 780-760-2014.


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All information was extracted from the Edmonton MLS System in early September 2016. This report is provided for informational purposes only. We do not warrant or guarantee the accuracy of the information in any way. Readers are advised to complete their own due diligence and should not take action based on the information contained herein.

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