Teresa's Edmonton Real Estate Blog

RBC Nationwide Study

In our Edmonton market thus far one can feel the caution in the market.  If a seller wants to have success they have to strong consider sharpening their pencils on their asking price.  Not only do you have to be the shiniest penny in the batch, you must hold the most value.  What is my forecast for the coming months?  It will balance out.  I don't suspect we will have a blood bath, but one must track the market closely.  The experts are slanting it more optimistically in Edmonton, I tend to be more conservative in all matters.

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Average Edmonton "Central Metro Area" House Sale Price is 443k so far this July.  Last month, June it was 453k.   Compare that to June 2016 when it was 434k and June 2015 when it was 448k.   What I can tell you right off the bat.... prices are moving... yet staying still at the same time.   Please let me know your thoughts...

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Average #yeg home sale price so far in April 415k. March was 454k; March 2016 was 447k; March 2015 was 449k. Total listings 7318 #yegre pic.twitter.com/zoKrQ09i5H

— Teresa Mardon (@TeresaMardon) April 10, 2017

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