When I reviewed the market stats yesterday, there was 1799 condos for sale across the whole of Edmonton that’s 4% down when compared to January 2021.
And there were only 1510 single family homes for sale, down 18% on this time last year.
What does this mean for your clients?
- Consider educating them to be more compromising and be ready to pay more than they had hoped for
- Ensure that when you do write an offer you have done some research to find out what the seller actually values and wants, beyond the best price.
- Encourage your clients to consider older listings. Most buyers ignore these assuming they are overpriced or that there is something wrong with them. The price could have been adjusted and might be priced right…
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