Edmonton Home Valuations Have Probably Bottomed Out!!
Great news if you are going to be selling your home as it doesn’t look like values are going to be dropping much further if any at all. Bad news if you have been thinking of buying but want to wait a little longer.
As of this morning there were 2,454 residential single family dwelling listings in Edmonton proper. In the past 30 days we have had 593 single family dwellings sold. An increase over the last time I checked it. This brings the listings to sales ratio now down to 4.14:1. This is also an improvement over last week.
If this ration drops under 4:1 then we can expect valuations to start rising.
So if you have been thinking about buying this year get on the band wagon now…
Don’t have your downpayment all saved up yet… don’t wait contact Dominion Lending Optimum at www.dlconline.ca to contact them and ask about their 100% financing options.
