December 2018 Edmonton Market Update
Welcome to the new year. I hope 2019 is a wonderful year for you and your family.
December 2018 statistics for the City of Edmonton continue to surprise us. All residential sales were up 2.7% on average year over year and 2% month over month. All product categories are still favoring buyers.
Single family dwellings are up 4.3% year over year and 2.2% November over December. Condominiums are down 15.1% December 2017 over 2018 and down 6.3% month over month. Duplex/Rowhouses are up 1.3% year over year and up only a marginal .3% month over month.
Annual averages have softened in every category as well. All residential is down 1.6%; Single family dwellings down .7%; Condominiums down 5.4% and Duplex/Rowhouse is down 2.4%.
Over the next weeks you will likely be hearing lots of forecasting for 2019. I’ll have a special report next week on the REALTORS(R) Association of Edmonton’s predictions.
No matter what the market, people still need to buy and sell. The greatest opportunities are for the those wanting to upbuy.
Call me for professional representation.
