Purrfect Properties Blog

YEG-Real Estate Market Reports-January-2018

Dear Friends,

I hope you are feeling refreshed, revived and ready to face 2018.  January is full of resolutions and promises but don’t be too hard on yourself.  Make time to pamper yourself between all the commitments.  This month there are some tricks for creating the perfect relaxation space right at home. Should you wish to get out of the house, look no further than our list of events happening around Edmonton this month.  To keep you up to date in the world of Real Estate, included are the latest market reports to make sure you didn’t miss anything during the holiday crunch.

And now for this months report:

YEG-Real Estate Market Reports-January-2018

YEG-Real Estate Market Reports-January-2018

 

Inventory: December finished with another full inventory and buyers market month here in Edmonton with 6.30 months of inventory for active buyers to choose from.

Total number of homes available to buy in the Greater Edmonton area: 5,736

Total sales for December 2017: 910 of 5,736 listings.

Days on Market: Compared to December of 2016, homes are selling for 0.95% less and 4.35% more slow than the previous month. The average being 69 Days on Market, here in Edmonton, up from 66 dom’s the previous month.

Odds of Selling: You have a 15.86% chance of selling, especially if you are already listed for sale. lol. Your chances of selling have increased by 19.81% over last year but decreased 4.51% from last month.

Average Selling Price in the City of Edmonton: $357,126. Compared to last year homes are selling for 0.95% less.

Prices have not gone down in Edmonton since 2011, when we saw a decrease of 1.41%.

Prices are up 0.44% in 2017.

If you, your friends or family are thinking of moving, please keep me in mind, your referral is the best compliment I can receive.

780 916 9739 … Now that’s the Cats’ Meow in Real Estate

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