Sales were up in all 3 municipalities of the Tri-Region compared to Oct 2019. The days on market were lower, the inventory is down and average selling price has gone up!!
This is amazing news for the middle of a global pandemic. I think this is due to the low interest rates at the bank, if you’re thinking to buyer or sell now is the time!!
The market has improved since last year. Sales were up in all 3 markets compared to 2019. The days on market has dropped as well. Prices were up month over month.
Now is a great time to buy if you’re a first time buyer or if your looking to upsize to a larger home!!
Due to the outbreak of COVID-19 in March, residential pricing and the amount of inventory has decreased. The number of sales are 50% less compared to April 2019 but homes are selling faster as the days on market have shortened.
This being said we feel that the normally “busy spring market” will be pushed into the summer this year. So instead of having a large number of new listings and sales in March/April, we expect to see this in June/July.
We’d like to spread some joy by giving away Two Cash Prizes of $250.00 each to spend as you wish!
Make a video of up to 1 minute in length showing us some of the fun you are having at home! Try out a TikTok trend, dance or sing to your favorite song, teach us something, or share your favorite sport or hobby at home with family!
2 Prizes of $250.00 are available!Contest runs April 8th to 29th
Contest open to local households, as well as local businesses/organizations.
One entry per family or organization. Open to residents of Spruce Grove, Stony Plain, Parkland County, Edmonton and surrounding areas.
Details on how to enter here: https://www.facebook.com/266208490397507/posts/1098693887148959/
The first quarter stats compared to 2019 for Stony Plain, Spruce Grove & Parkland County.
There are changes coming to the Stress Test for qualifying for a mortgage. Holly Cochrane joins me to explain what these changes will mean.
Tri-Region Events
