Single Family: Buyer's Market

Sales are down to 42 in August from 45 in July

Currently in a buyer's market with 8.8 months of inventory 

Average days on market is up to 75 from 53 DOM in July 

Inventory YTD is up 23% from this ...

Single Family: Buyer's Market

Sales are down to 45 in July from 72 sales in June

Currently in a buyer's market with 7.89 months of inventory 

Average days on market is up to 75 from 33 days on market in June 

Inventory YTD  ...

𝗔𝗥𝗘 𝗬𝗢𝗨 𝗖𝗢𝗡𝗦𝗜𝗗𝗘𝗥𝗜𝗡𝗚 𝗕𝗨𝗬𝗜𝗡𝗚 𝗔 𝗖𝗢𝗡𝗗𝗢?

What does “Condominium” mean?

“The system of ownership by which condominiums operate, in which owners have full title to the individual apartment or house and an undivided interest in the shared parts of the property.”

Buying a condo can be a ...

We are now in a balanced market.  The overall inventory has gone up 38% since April to June with sales staying about the same.  Single family inventory is over 300 and it hasn't been that high since November 2019.

Single family

72 sales in June ...

The overall market has increased in inventory by over 100 properties April 2022 to May 2022.  It's still a soft seller’s market with 3.73 months of inventory.  

Single family

78 sales in May, 95 in April 

soft seller’s market 3.73 months of inventory

54 ...

Single family

95 Sales

The most sales since June 2015

Sellers Market

47 DOM down from 58 in March '22

Inventory YTD down 5% to this time last year

sales YTD up 13.6 to this time last year

YTD AVG price $548,696 up 5%

Condo Apt ...

𝗠𝗔𝗥𝗖𝗛 𝟮𝟬𝟮𝟮 𝗦𝗧𝗔𝗧𝗦

150 Homes SOLD in March
86 Homes pending going into April
26 Sold either at list price or over
18 Firm sales within the first two weeks of being listed
440 Active Listings
202  New Listings
Average List Price to Sales Price ratio: 97.5%  ...

𝗙𝗘𝗕𝗥𝗨𝗥𝗔𝗬 𝟮𝟬𝟮𝟮 𝗦𝗧𝗔𝗧𝗦

132 homes SOLD in February

61 homes pending going into March

16 Sold either at list price or over

15 firm sales within the first two weeks of being listed

400 Active Listings

177 New Listings

Average List Price to Sales Price ratio: 97.2% 

Average ...

The Real Estate market in Fort McMurray is moving fast. You have heard the news, seen the posts and likely experienced it if you are currently looking to buy or sell. But what does that look like exactly: 

𝗝𝗔𝗡𝗨𝗔𝗥𝗬 𝟮𝟬𝟮𝟮 𝗦𝗧𝗔𝗧𝗦

99 homes SOLD in January

70 homes ...

2022 has started out STRONG!! 

Our lack of inventory in the market has been a struggle for buyers for a while now. We started the year with the same statistically low level of active listings while buyers have remained very active in the market.

Today is January 12, 2022 ...