{"id":1173,"date":"2016-03-07T11:11:27","date_gmt":"2016-03-07T19:11:27","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1173"},"modified":"2016-03-07T09:03:50","modified_gmt":"2016-03-07T17:03:50","slug":"investors-in-this-market-shouldnt-panic-yet","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/03\/investors-in-this-market-shouldnt-panic-yet\/","title":{"rendered":"Investors in This Market Shouldn\u2019t Panic Yet"},"content":{"rendered":"<p style=\"text-align: justify;\">Despite a glut of available properties in this Western market, professionals aren\u2019t yet worried about price depreciation.<\/p>\n<p style=\"text-align: justify;\">February ended the month with a total of 6,681 properties for sale in Edmonton \u2013 a 16.17% increase over the previous month and a 33.41% year-over-year-increase.<\/p>\n<p style=\"text-align: justify;\">Sales were up 36.54% month-over-month in February \u2013 jumping to 837 from 618. However, they were down 10.1% year-over-year.<\/p>\n<p style=\"text-align: justify;\">Despite this, investors may not yet need to worry just yet.<\/p>\n<p style=\"text-align: justify;\">\u201cSales numbers are increasingly consistent with seasonal trends,\u201d Realtors Association of Edmonton Chair Steve Sedgwick said in a report shared with CREW. \u201cRelative to 2015, potential buyers have more inventory to choose from. Despite this inventory growth, prices have moderated only slightly compared to last year, so home owners and sellers can maintain some confidence that housing prices are remaining stable.\u201d<\/p>\n<p style=\"text-align: justify;\">Prices in February are \u201cvirtually on par\u201d with February of last year, according to the association, and up 6.93% month-over-month.<\/p>\n<p style=\"text-align: justify;\">Single family prices were sold for an average of $419,940 (up 0.24% month-over-month and down 2.79% year-over-year); condos sold for an average of $247,090 (up 8.83% month-over-month and down 1.32% year-over-year).<\/p>\n<p style=\"text-align: justify;\">The average home stayed on the market for 57 days, down from 71 days in January. Condos, meanwhile, were sold on average in 57 days in February, down from 85 days in January.<\/p>\n<p style=\"text-align: justify;\">\u201cBuyers are still taking their time to consider all of their options before purchasing a new home,\u201d Sedgwick said. \u201cBut with warmer weather just around the corner, clients are reaching out to their Realtors for support as the busy spring buying season approaches.\u201d<\/p>\n<p><a href=\"http:\/\/www.canadianrealestatemagazine.ca\/news\/investors-in-this-market-shouldnt-panic-yet-204040.aspx\" target=\"_blank\">Investors in This Market Shouldn\u2019t Panic Yet<\/a> by Justin da Rosa | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a glut of available properties in this Western market, professionals aren\u2019t yet worried about price depreciation. February ended the month with a total of 6,681 properties for sale in &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/03\/investors-in-this-market-shouldnt-panic-yet\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1173","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investors in This Market Shouldn\u2019t Panic Yet &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/03\/investors-in-this-market-shouldnt-panic-yet\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investors in This Market Shouldn\u2019t Panic Yet &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Despite a glut of available properties in this Western market, professionals aren\u2019t yet worried about price depreciation. 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