Edmonton Real Estate Valuations Are On The Rise!!
It is amazing what can happen in just a few weeks. We have had a complete turnaround in the real estate market here in Edmonton. Just a few short weeks ago we were in a buyer’s market and now we are in a seller’s market.
As of today April 04th there are 2,673 actives single family homes for sale in Edmonton proper. That is a healthy level but I expect it to rise as we get deeper into this spring marketplace.
In the last 30 days there has been 849 single family homes sold in Edmonton proper. This would give us a listing to sales ration of 3.14:1 much lower than the 4:1 that we need here in Edmonton for a balanced market.
With this low of a ratio I will be expecting home valuations to start rising. If you have been thinking about buying you should do it now before valuations and interest rates rise any further.
To get pre-approved for a mortgage visit www.edmontonmortgagesource.com
