Vital Home Realty Blog

It would be natural to think that due to Covid 19, our market is flat & values are down. In fact, the opposite is true. We definitely saw a drop off in sales volume & sales values back in March & April when the Covid crisis hit us. However, since that time the market has just got stronger as each passing month goes by. I am confident that there is so much pent up demand, hundreds of home sellers will witness outstanding success & sell for full market value.

How busy will the market be? Based on last year’s market statistics, almost 1400 homes will sell across metro Edmonton between November 1^st & December 31^st 2020. Average days on market will be around 71 days. Average sales values will be around $380,000 UP on last years values. To read the very latest market stats click this link: Ambergate Realty October Market Report.

Here’s why you could do well:

1. Pent up demand. Many buyers stayed out of the market in March & April. With increased confidence these folks are shopping now & paying ABOVE last years values.
2. Reduced competition. Many sellers just give up until Spring. Buyers who are looking now are motivated. They might pay you a premium price, if they can move in quickly.
3. Many Edmonton area workers get bonuses at Christmas. Why not sell to a buyer whilst they have their down payments & before they use it to pay off credit card bills?
4. When does your home look the most inviting & smell the best? During the Christmas season, your home is decorated & the aroma of all that baking, fills the air.
5. Are you going away for some of the Christmas season? If you are, showing it will be easy. We might have your home sold before you get back.
6. Don’t forget your neighbours. Many of your neighbors will be having family & friends over for parties. If your neighbour’s friends & family love the area & see your sign, they might call us & buy your home.
7. Worried about how to show off your wonderful yard? We will use photographs that you took last summer.
8. People are generally happy & optimistic during the Christmas season. This is a wonderful time to sell them your home.

If you prefer to wait until 2021, these blog posts may interest you:

11 Ways to Pick the Best REALTOR to Sell Your Home

6 Reasons to Avoid Wiggle Room When Pricing Your Home to Sell

How to Sell a House That Failed to Sell

Note this blog was first published on the Vital Home Realty blog & website in November 2014. It was revised, updated & reposted on November 29^th, 2015. It was published again with amendments in December 2017, November 2018, again in November 2019, revised & published once more in November 2020. 

About the author:

You can read more about the author of this blog by clicking this link – Stuart Neal Broker Owner & REALTOR^®.

Want more information about our affordable full service FLAT FEE home selling programs? Please feel free to call our broker owner Stuart Neal at: 780-760-2014 or visit our home sellers page www.FlatFeeRealtyAdvisors.ca