By now you should have received a letter in the mail from me outlining the past year’s sales in your neighborhood or complex. If you haven’t received this “value added” service I provide to all my clients, please let me know and I’d be happy to send you a summary.
January has shown some improvement in the average sale price in the City of Edmonton market. It seems our days of extreme cold didn’t deter all buyers! However, once again our condos are taking a hit. Here’s our breakdown for January 2020.
Year over year, average prices for each product is up with the exception of condos. All residential sales are up 5.5%, Single family 4.6% and Duplex row houses 4.4%. Condo prices are down 5.3%.
Month over month Duplex row houses are the most improved at 4.8%, and Single family 1.9%. However condos are down 10.9% . Seems like what we gained in December, we lost in January.
Each category is still favoring buyers with 6 months plus inventory. Condos topping 10.4 months.
If you are thinking of downsizing now is a great time to take advantage of the market position.
No matter, either buying or selling, I’m here to help you with solid facts, experience and knowledge to make your transition smooth. Call/text to 780-893-9987 or email melody@melodykilbank.com for help.
BTW I was 8th out of 130+ agents for sales in January 2020! Also looking forward to receiving the Re/Max 100% Club award for 2020.
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