Edmonton Real Estate Market Update For February 2014

The latest Edmonton real estate market stats for February 2014 are in and showing quite a bit of promise. With an amazing 24% increase in home sold, buying season is getting an early (and strong) start this year.

There is no question that February was a busy month for realtors in the Edmonton area. Greg Steele, President of the REATLORS Association of Edmonton, echoed these sentiments while noting that spring is only beginning and we should look forward to higher sales this month and moving forward into 2014. This is great news if you are selling but also if you are buying as a slight increase in listings will provide some balance to the market and give buyers more options.

Check out some of the highlights from the Edmonton real estate stats for February 2014 in the infographic below.

Edmonton Real Estate Market Highlights

Some other highlights from the February 2014 Edmonton Real Estate stats:

  • Sales rose over 24% from last month
  • Average days to sell dropped from 57 to 54 from this time last year
  • Average selling price of single family homes is up 2.70% from last year
  • Total MLS system sales are up a whopping 35.9% this month

See the full market report for the Edmonton Real Estate market for February 2014 now.

Edmonton & Calgary Lowest Rental Vacancy Rates In Canada

Although this means a tougher hunt for renters, it provides a massive opportunity for anyone looking to invest in Edmonton real estate right now. Edmonton has a low vacancy rate of 1.4% which won't last forever with all the re-development occurring around the city so we are in a window of time where investors can fill a need within the market. 

Questions?

Do you have any questions about buying a house inside the Edmonton real estate market? Don’t hesitate to leave a comment below.

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