|
Highlands & Bellevue* |
Jan to June 2019 |
Jan to June 2020 |
Change |
|
|
|
|
|
|
# Homes Offered |
75 |
62 |
-13 |
|
|
|
|
|
|
# Homes Sold |
40 |
22 |
-18 |
|
Absorption Rate |
53% |
36% |
-17% |
|
|
|
|
|
|
Average Sold Prices |
$368,362 |
$382,961 |
+4% |
|
Days on Market |
63 |
65 |
+ 2 days |
|
|
|
|
|
* Source Edmonton MLS® System Highlands & Bellevue – Single Family
Fewer homes were offered, & far fewer homes sold when compared to the same period last year, but given we were in the middle of Covid 19, that might not be such a surprise.
The absorption rate, that is the percentage of homes sold in relation to the number offered was also down. However, sales prices were UP by 4%when compared to the same period last year & that will surprise many. Does that mean there was a ‘flight to quality’? Or it could mean we have too few sales to be clear.
As for the future, we expect interesting times as mortgage deferrals come to an end & whilst the experts continue to figure out how to get us through the COVID 19 crisis.
Perhaps, its never been more important to pick an EXPERT REALTOR® to sell your home, particularly where the ‘product mix’ of homes is as varied in our community, where we have million-dollar homes situated next to potential teardowns.
If you know someone that would be interested in a pre-sale consultation, please let me know.
All the best & enjoy your Summer Posted by Stuart Neal on
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