If you’re anything link me you’re probably already neck-deep into family activities…school, gymnastics, dance, hockey…and then there’s the kids activities too (jk 😉
September can whip past us like basically everyone in my half marathon race this past weekend. Enjoy the moments and don’t forget to hydrate.
This one is pretty amazing AND it comes with a 2000sqft shop!
2023 Market Update
Your Market Update
Should you list now or wait?
I have been getting a number of friends and clients reaching out to me asking if they should list their home now or wait until after Christmas. Of course, that is a personal question depending upon whatever is going on in their lives, but I think the deeper question is, “How does our market respond in the back half of the year?”
Our market does follow along pretty closely with the weather. We peek generally in late July, slow down a bit in August to early September, and then pick up again mid September until early to mid December.
What that means is that we have another solid 2+ months for sellers. So there still is an opportunity to sell this year!
If you need to do some work, that is going to take you time to get ready, I would recommend getting started to see how much you can accomplish in the next 2 to 3 weeks. If you need help with trades, I have a trusted trades list that I would happily pass along.
So, my friends who are selling, there is still an opportunity this year. My friends, who are buying, you may be able to find some good buys over the next few months. Reach out and I would be happy to chat with you more about your specific needs.
Last month’s prices for St. Albert, Edmonton, and Area:
– Single Family Homes prices are UP 2% year over year, and DOWN 1% month over month to $495,000 ($504,000 the previous month) –Semi-Detached Homes are UP 4.3% year over year, and DOWN 1% month over month to $373,000 ($379,000 last month) – Townhomes are UP 3% year over year, and DOWN 4% month over month to $253,000 ($264,000 last month) – Apartment Condos are DOWN 1% year over year, and essentially FLAT month over month to $193,000 ($195,000 last month)
Inventory levels: SELLERS’ MARKET Total Inventory sits at 6.770 properties for sale Total Sales for last month were 2,250 , UP 21% from last year, and DOWN 2% from the previous month Days on Market for single family homes sits at 45, UP from 38 the same time last yearand UPfrom 44 last month
Months of Inventory are at 3 MONTHS OF INVENTORY
UP from 2.9 last month
We are sitting in a SELLERS’ Market (0-4 months is Seller’s; 4-6 months is Balanced; 6+ is Buyer’s)