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Market Updates

Top 5% out of 4,000 Realtors?! Not without you 🙏

Last month I opened up with a BIG thank you to my newsletter, and this month I have to do the same.

I’ve been honoured to be included in the top 5% of all Realtors in the Edmonton area, out of approximately 4,000 agents. There’s no way I would have been able to achieve this without your trust and support! From you trusting me to list your million dollar home, to your 1 bedroom condo, to searching for acreages, to braving -1,000 degree weather to look at homes, to you referring family and friends and strangers on that Facebook thing.

From the bottom of my heart, THANK YOU! 🙏❤️

Some of the awesome people I get to help…

This month I want to give a shout out to:

  • Winnie and Ugo – so glad to have been able to get you that new home! 
  • Garry and Carol – it was a rollercoaster but you did it, congratulations! 
  • Sean and Tracey – selfishly, I’m sad to see you move away, but happy for the next part of your journey to start!
  • Nick and Derian – even though you didn’t get “more land” 😉 your new place is pretty beautiful!
  • Nour and family – congratulations on getting your first home!! 
Have you seen my website yet?

“How’s the market?”

Sales jumped 47% this January over last January!!

Holy-moly. That’s a big jump in sales!

If you’ve been paying attention to the market you will have seen this nationwide. There’s more demand than supply and good properties that are priced right are selling fast.

What does this “Seller’s Market” mean?

It means, if you’re a buyer it’s wise to get all your ducks in a row. Get pre-approved before you start looking at homes so if you need to move fast you can. Ensure you have your team ready around you (hopefully I’ll be you’re Realtor  and can help with that 😉

If you’re a seller, you’re going to want to get you home showing ready (minor repairs, cleaned, de-cluttered, staged, etc). Also, it doesn’t mean you can overprice your home. Being priced right is going to end up getting you more money than over-pricing and having to come down later when fewer people are interested in your home.

Whether you’re buying or selling, being prepared is key. You can even 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 3% year over year to $427,000
– Condos prices are UP 6% year over year to $217,000 

A look at inventory levels: SELLER’S MARKET 
Total Inventory sits at 2,400 properties for sale, up 8% from last year
Total Sales for last month were 1,171, up 47% from last year!
Days on Market for single family homes still sits at 59

Months of Inventory are 2 months of inventory.
We are sitting in a seller’s market.

Happy Valentines Day!! ❤️

Thanks again for all your support, I truly mean that. May you and yours enjoy a lovely Valentines Day, and Family Day weekend!

PS – I love chocolate…just sayin’ 😉

All my best,
Kevin Machado