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Fort McMurray Real Estate Market Updates - Single Family Homes

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

Found 4 blog entries about Fort McMurray Real Estate Market Updates - Single Family Homes.

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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Fort McMurray Real Estate – Your May Market Update

May has nearly come and gone!  For obvious reasons, we aren’t able to compare activity this month to May last year.  What I can tell you is that sales continue to show signs of strength, possibly gaining in momentum for the next month or so.  Currently there have been 51 firm sales in May with a further 44 conditionally under offer.  These numbers mean that May will almost certainly be the busiest month this year to date.

Average prices are creeping up as they often do during the busy months but they will likely stabilize moving into summer. The pace of new listings remains fairly consistent and using a three month average, our inventory has eight months of supply.  If we see sales

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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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Whats happening to the single family homes in Fort McMurray?

We've seen a 28% increase in sales the first three months of 2017 in comparison to last year and it looks to continue.  We already have 31 firm sales in April which is what we saw in the entire month last year.  On top of that, we have 31 homes currently under offer which means we'll likely break past 60 sales again.  The number of homes on the market has increased from last year by 9% but with the higher number of sales, our months of inventory has fallen from 16 to 8 which is a marked improvement.   

Average listing prices fell to their lowest levels in November and have slowly been creeping up since that point.

Conclusion:  Head and shoulders above 2016.  Improved activity but not to

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