The report is out and here are some of the highlights.
Year over year, the amount of residential sales was down 9 percent.
And if you measure it by dollar volume year over year for June it is down 10.5 percents (see graph below).
That said, if you look at the average price across Alberta decreased only 1.4 percent.
A final couple of interesting notes:
1) The declines were AREA specific. Two areas actually increased and Southern Alberta and Fort MacMurray decreased the most.
2) As always, the "average" price does NOT determine the value of your home in today's market. If you are thinking of selling or simply want to know more, please give us a call! We are happy to provide you with an accurate value for your home!
This Christmas eve, we at Team Leading Edge are still keeping our eyes and ears open to gather information that may help you in your Edmonton real estate venture this coming 2016. Below is a condensed report that we made. We hope the figures and analysis can better guide you in making crucial investment making decisions.
The Alberta Real Estate Association (AREA) recently released its November report on the province's year over year home sales track record and as the title says, it's looking not so good.
The MLS® recorded a 21.1 % decline in home sales compared to November 2014's record, that translates to a mere 3,709 sold residential units. This was a stinging blow to all home sellers in Alberta as it chipped away their potential profit, going