Edmonton Values Are on the Rise
Well you can’t say that I didn’t warn you. The value of homes in Edmonton are on the rise, specially in the lower prices ranges.
As of this morning there were 2,337 single family homes listed as active in Edmonton proper. In the previous 30 days there were 943 single family homes sold. That would give us a listing to sales ratio of 2.48:1, which again is a lower ratio than the previous week. ( ratios taken on Monday morning have a tendency of being a little higer than those taken of Fridays. Reason being with realtors now loading new listings into the system manually themselves can do so over the weekend but the sales that have occured over the weekend are not processed untill the business week.)
What that indicates to me is that if this trend continues the valuation recovery may happen quicker and be more pronounced than I originally had forcasted.
