The Real Estate Market has been a buzz of predictions over the past few months with the rise in the Bank of Canada rate. The media has taken a hold of it and have scared people into thinking our real estate market is going to take a nose dive.
Well, I"m here to provide you with some factual statistics to show that we are at a normal spot when it comes to the average sale price for a single family home at this time of the year in Edmonton and Area.
These are stats straight fromthe Realtors Association of Edmonton covering the Edmonton and Area Real Estate Market.
As you can see, our market took a ridiculous spike in Jan/Feb of this year. It was something our economy couldn't sustain and something needed to be done about it. Hence the rise of Interest Rates and the intentional slow down of the market. Our stats are now at a similar spot for the average sale price for a SFH as they were last year...........and that was a tad higher than in previous years. For more info call/text me at 780-905-7773 or click on www.reneebrown.ca and visit my website
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