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Fort McMurray Real Estate Market Updates - Condos

Your monthly resource to keep up to date with everything that's going on in the Fort McMurray condo market

Found 3 blog entries about Fort McMurray Real Estate Market Updates - Condos.

5 home selling mistakes to avoid

Are you planning to put your home up for sale? Selling your home can be a daunting and challenging task. Before you put up the ‘For Sale’ sign beware of the common home selling mistakes that most homeowners and sellers often make.

  1. Neglecting The Repairs Before Marketing

Don't rush the repairs just to save money. The home selling market is extremely competitive, now more than ever. If you want your home to sell your home in the shortest amount of time, you need to create a good first impression. Take the time to repair the leaks, cracks, peeling paint, and other structural, plumbing, or electrical problems.

  1. Pricing The Home Incorrectly

Overpricing or underpricing the house can be one of the biggest home selling

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What is the Fort McMurray real estate market doing in April?

This month, I've broken down the three different segments of the market to include Single Family homes, Mobiles and Condominiums. To access the information you are most interested in, follow the links below:

Single Family

Condominium

Mobile

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What's happening to the condo market in Fort McMurray?

While 2017 sales have outpaced those in 2016, the condominium market is still lacking activity moving into spring.  Sales increased fairly dramatically in February which could be because of companies buying condos to house their employees for the rebuild.  However, since that time, sales have slowed again.  Average prices crept up in March because of the increased activity in February but it looks as though that will be short lived.

We have 183 listings which is 12% less than last year.  At the current rate of sales and if nothing else were listed, it would take 8 months for everything to sell.  3-6 months is considered a balanced market but we aren't far off that now. This time last year we

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