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May Market Update

We can almost see summer from here!

Hey everyone!

I hope you are keeping well and staying safe as we settled into another couple weeks of online school. My hope is that you and your families all stay safe and SANE through this all. Like all things, this too will pass, and we can begin to feel summer coming, which has to make you smile 😁

Awesome people I got to serve…

My monthly SHOUT OUTS go to:

  • Cindy and Tim, congratulations on selling your mother’s home in ✅ multiple offers here in St. Albert!
  • Jesse and Andrea, you too! Congratulations on your ✅ multiple offers and selling your place!
  • Pierrette and Norman, what an honour selling your place in YEG!
  • Josh and Aila, I think you guys need a frequent flier card or something…congratulations on buying ANOTHER property! 🏠🏠… I’m ready for the next one 😉
  • David and Olof, I can’t wait until we can be neighbours – way to go landing that beautiful home down the street from me!
  • Jamie and Natasha, you’re going to love living at the beach in Jensen Lakes 🏖
  • Kim, you bought a lovely home backing the golf course…you may have to work on your golf game now ⛳️
  • John and Stacey, my good fiends, you endured SO much through that listing and now we can say it is FINALLY done, congratulations!!
  • Christiaan and Carla, you bought a new beautiful home to welcome your baby into the world in – PS: Kevin is a great baby name I hear 😉

Thanks again for your support and referrals! It means the WORLD to me!!

Check out my newest listings!

“How’s the market?”

Moving along at a good pace.

Sales are strong in Edmonton, St. Albert, and surrounding areas.

We saw a really active month last month and things are still strong. Homes are selling, multiple offers are still happening, but maybe not to the extent we saw a month ago. It’s still busy but it pays to be strategic for sure.

Whether you’re buying or selling, being prepared is key. You can read more on my site about the things to do for buyers and sellers 🙂

Last month’s prices for Edmonton and Area:
– Single Family (SF) prices are UP 11% year over year, but flat month over month) to $458,000
– Condos prices are UP 2.5% year over year, but down 0.4% month over month to $229,000 

Inventory levels: SELLER’S MARKET 
Total Inventory sits at 7.035 properties for sale, DOWN 3% from last year, and up 11% from last month
Total Sales for last month were 2,868, up 284% (ha!) from last year (last April was a bad month!) and up 17% month over month
Days on Market for single family homes now sits at 30, down from 37 last month

Months of Inventory are 2.45 months of inventory.
We are sitting in a seller’s market (anything under 4 months is a seller’s market)

What does this all mean anyway?

We are in a busy market where we are seeing prices increase and good properties move quick. Buyers need to be prepared and sellers need to make sure their property not only looks great but is priced well to take advantage of how things are moving.

Make wise decisions and be happy 🙂

May Market Update Video

Thank you for all your support!

Have an awesome rest of your May!

All my best,
Kevin Machado