To view and search all MLS listed homes for sale in the Edmonton area visit me at: www.FindMyHouse.ca
As of today there are a total of 13,879 properties listed on the Edmonton Real Estate Board. This is comprised of 7,029 single family homes, 3,330 condominiums, and 1,409 acreages. The listing inventory level is still going up... not surprising since we are heading into our spring marketplace.
However only 7,114 of those properties listed on the Edmonton Real Estate Board are in Edmonton proper. In the last 30 days we have seen 1,168 sales. That would give us a listings to sales ratio of 6.09:1
With a ratio that high I am expecting to see continued downward pressure on the valuations of homes in the Edmonton area. Until we can see that ratio being closer to 4:1 we will continue to see valuation drop.
Having said that I think that it will not be long before we see this trend change and that ratio to improve. As a matter of fact I think we might see it as soon as within the next 30 days. Let's cross our fingers and have the market stabilize... it is long over due.
To price you own home online and check the value of your home for free visit us at: www.TeamLeadingEdge.ca
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