Compare Listings

The Story Behind the Stats: January 2019

The Story Behind the Stats: January 2019

2018: A year of stable average and median prices, decreasing sales, and rising inventory.

Despite all the recession talk in Alberta, the average and median price for all residential property types in the greater Edmonton area decreased just 1.28% when comparing the results for the full year of 2018 vs 2017. The average residential selling price for all of 2018 was $369,607 vs $374,400 for 2017. What has changed is that consumers are getting more house for the same dollar.  That’s good news for anyone looking to purchase a home.  With more homes on the market, buyers have lots to choose from, and sellers must make sure their home shows the best and is priced very competitively. While your property will likely sell for less than it would have a year ago, the good news is that you can still get a SOLD sign up.  While the overall number of transactions is down almost 6%, there are still buyers in the market who are ready, willing and able to buy. They’re simply expecting more bang for their buck.

Download this month’s Schmidt Report for a quick look ahead at anticipated results for Edmonton area real estate in 2019. 

Reach out anytime to get the facts on what’s happening in your segment of the market! We’re here to help!

Spread the love
img

Schmidt Realty Group

Related posts

Neighborhood Profile: Silver Berry

"Silver Berry is a super accessible family friendly community in Edmonton’s Southeast! There are...

Continue reading
by Schmidt Realty Group

The Stories behind the Stats: Nov 2022

  Is Edmonton in a Buyer's Market? This is probably the question we’re being asked...

Continue reading
by Schmidt Realty Group

Renting and wondering if now’s the time to buy?

By Kathy Schmidt, Broker/Owner, Schmidt Realty Group Inc. It’s an understandable dilemma these...

Continue reading
by Schmidt Realty Group

Reset password

Enter your email address and we will send you a link to change your password.

Get started with your account

to save your favourite homes and more

Sign up with email

Get started with your account

to save your favourite homes and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy
Powered by Estatik