Sales Continues to Climb & Values Grow Too in February

Posted by Ambergate Realty Advisors on Friday, March 3rd, 2017 at 4:14pm.

 

Summary:

The second month of the year continues to show encouraging results for home sellers in Edmonton. It’s taking slightly longer to sell than in 2016, but values are UP as is the number of homes sold.

Sales Values

 

Edmonton home sales prices climbed a little bit in February 2017. Compared to this time last year, sellers were receiving about $1753 MORE, than sellers did in 2016. It’s not a lot, but still moving in the right direction.

Numbers Sold:

 

In total 135 more homes sold this February than in 2016. We believe that this is exciting news as it confirms underlying confidence on the part of buyers in Edmonton area home ownership. Inventory levels are also moderating. In January there was a 7 month supply. In February, it's down to 5 months.

Days on Market

 

In February home sellers achieved sales contracts in 62 days. This is a little longer than last year, but we expect with lower inventory that this will come down.

Outlook:

Home sellers can enter the market confident that they we will sell for full market value and in a timely fashion IF they choose the right REALTOR® partner. In 2016, less than 50% of homes listed on the MLS™ System actually sold in term, so it’s important to choose a competent professional.

Buyers should not wait. We expect values to grow this year.

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

Lower Fees & Better Results,

Flat Fee Realty Services from $3000 

All information was extracted from the Edmonton MLS® System. 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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