by Stuart Neal
on Friday, October 12th, 2018 at 8:21am.
If you have been thinking about purchasing a condominium either as a home or investment, this could be the time to do so. Average selling prices are DOWN by 4% when compared to 2017. Let’s discuss why.
The Edmonton residential real estate market has been flooded this past 18 months with excess inventory and in particular condominiums. If you buy now you will enjoy a ton of choice and you will have exceptional leverage to negotiate a REALLY GOOD DISCOUNT.
What might happen if you wait?
We are already seeing many condos come off the market as owners realise that they are not going to get the price they hoped for. As the excess inventory dries up, you will have less choice and YOU WILL PAY MORE.