Edmonton Quarterly Market Update

The latest sales figures have been released by the Edmonton Real Estate Board. ( Download a copy here ) Looking at the numbers we see the average price is holding steady but there is more to understanding the health of the Real Estate market than just checking the average price. There are many more factors involved, a few of which are covered in the short video below.
In Short, Real Estate has a cycle just like everything else. There is the famous 7 year Real Estate cycle (I will cover this in a later article) and there is also an annual cycle which roughly coincides with the seasons, Spring, Summer, Fall, Winter. You can see this not only in average prices, but also in the volume of sales as shown in the graph below.
Sales and prices are lowest in the winter months, and highest in Spring and summer months. Whether you are looking to buy as either a home owner or investor you can take advantage of this information to literally save you thousands of dollars when buying a home. These next few months will provide some of the best opportunities out there for buying a home. Contact us for some great examples.


 

 
 
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Edmonton Quarterly Market Update

The latest sales figures have been released by the Edmonton Real Estate Board. ( Download a copy here ) Looking at the numbers we see the average price is holding steady but there is more to understanding the health of the Real Estate market than just checking the average price. There are many more factors involved, a few of which are covered in the short video below.
In Short, Real Estate has a cycle just like everything else. There is the famous 7 year Real Estate cycle (I will cover this in a later article) and there is also an annual cycle which roughly coincides with the seasons, Spring, Summer, Fall, Winter. You can see this not only in average prices, but also in the volume of sales as shown in the graph below.
Sales and prices are lowest in the winter months, and highest in Spring and summer months. Whether you are looking to buy as either a home owner or investor you can take advantage of this information to literally save you thousands of dollars when buying a home. These next few months will provide some of the best opportunities out there for buying a home. Contact us for some great examples.