Sales volumes last month absolutely skyrocketed compared to same month last year! Single-family homes sales were up 51% compared to January 2023, and 25% versus December.

Inventory levels are extremely low at the moment (12.1% lower than same month last year) - and with the possibility of interest rate reductions  on the horizon, buyers are trying to get in before things might really go crazy.

For further information on how the current market might be affecting your real estate situation, please do not hesitate to reach out to our team!

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While February might not be everyone's favourite month in Edmonton, there are some awesome events to check out around the city! The YEGListings Group wanted to outline a few of them for you here!

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Choosing the right realtor is a crucial step in ensuring a smooth and successful real estate transaction. Whether you're buying or selling a property, finding a knowledgeable and trustworthy real estate agent can make a significant difference in the outcome of your investment.

To help you make an informed decision, here are seven essential questions to ask when interviewing a new realtor.

1. Experience and Expertise:

  • How many years of experience do you have in real estate?
  • What areas or neighborhoods do you specialize in?
  • Have you successfully handled transactions similar to mine?

A seasoned realtor with experience in your specific market can provide valuable insights and navigate potential challenges effectively.

2.…

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$499,900 46 Coventry View NE, Calgary Large Backyard & Deck Beautiful 4-Split Home 2 Bedrms Upper Level, Plus Large Rec Room & Bedrm Lower Level 2 Bathrooms Call/message us for more details: 403-681-0319 #comingsoon #coventry #yyc #yycrealtor #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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Mins to both Calgary & Airdrie, w/ unobstructed views of the mountains & Airdrie. $3,200,000 Rocky View County 120 Acres! Fully developed country style walkout home 40x64 Shop Call/message us for more details: 403-681-0319 #comingsoon #rockyviewcounty #acreageliving #airdrierealtor #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000.

The rise in new listings relative to sales did little to change the low inventory situation in the city.  With 2,150 units in inventory, levels are near the January record lows set in 2006 and are nearly 49 per cent below the long-term average for the month.

"Supply challenges have been a persistent problem since last year. This month's gain in new listings has helped provide options to potential purchasers, supporting sales growth.…

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