If you’re thinking about buying or selling a property in Edmonton, it’s essential to understand the current state of the real estate market. The Edmonton real estate market has been on an upward trend in recent years, with steady increases in both home sales and prices. In this blog post, we’ll take a closer look at the current state of Edmonton’s real estate market and what it means for buyers and sellers.
First, let’s talk about home sales. According to the Edmonton Real Estate Board (EREB), home sales in the Edmonton area have been on the rise since 2016. In 2020, the total number of homes sold in Edmonton was the highest it’s been in the last 5 years. This is good news for sellers, as it means there is a high demand for properties in the area. However, it’s also worth noting that the market has been impacted by the COVID-19 pandemic, which has led to a slight decrease in sales compared to the previous year.
When it comes to home prices, the Edmonton real estate market has also seen steady increases in recent years. According to the EREB, the average sale price for a single-family home in Edmonton was $450,902 in 2020, an increase of 7.5% compared to the previous year. The average sale price for a condo was $268,977, an increase of 3.2% compared to the previous year. It’s worth noting that these figures are for the Edmonton area as a whole and that prices can vary depending on the specific neighborhood or type of property.
Mashal Homes is one of the key players in Edmonton’s real estate market. Mashal Homes is a reputable Edmonton real estate agent that offers a wide range of services to buyers and sellers. With years of experience in the industry and a team of expert Edmonton realtors, Mashal Homes is well-equipped to help you navigate the current market and find the perfect property for your needs. Whether you’re looking to buy your first home or sell your current one, Mashal Homes can help you achieve your real estate goals.
One of the main advantages of working with Mashal Homes is their expertise in the local market. As Edmonton realtors, they have a deep understanding of the area and can provide valuable insights into neighborhoods, schools, and local amenities. They also have access to a wide range of properties, including new developments and exclusive listings. With their help, you’ll be able to find a property that fits your needs and budget.
Another advantage of working with Mashal Homes is their marketing expertise. They use advanced marketing strategies to effectively showcase properties and make them stand out in the market. This is especially important for sellers, as it can help increase the chances of selling your home quickly and for a higher price. Mashal Homes also provides professional photography and virtual tours to enhance the online presence of your property.
In conclusion, the Edmonton real estate market is currently on an upward trend, with steady increases in both home sales and prices. As a buyer or seller, it’s important to understand the current state of the market and work with a reputable Edmonton realtor like Mashal Homes. They can provide valuable insights, expertise, and marketing strategies to help you achieve your real estate goals. Whether you’re buying your first home or selling your current one, Mashal Homes can help you navigate the current market and find the perfect property for your needs.
