Has the Edmonton Real Estate Market Crashed?
I was chatting with a potential seller yesterday and he was told by two other real estate agents the Edmonton Real Estate Market crashed. I was a bit surprised by this statement, so to clarify what is really going on with our market.
The real estate market in Edmonton is soft. There are more than the average number of homes on the market, creating more property choices for buyers and keeping sellers competitive. However, Edmonton and surrounding area house prices are still holding and by no means has "crashed".
Now is great time for a first time buyer and investors to invest in condominiums. We currently have a surplus of condominiums in Edmonton, and all "real estate educated" condo home owners, know they have plenty of competition, thus creating more flexible terms and possession for new buyers.
Tell us what YOU think is happening to Edmonton's Real Estate market