By Tom Albrecht | Feb 04, 2018 | Buyers
[caption id="attachment_28348" align="aligncenter" width="367"] Number Of All Property Types In The Urban Market Area In The Last 10 Januaries (2018 is unclear)[/caption]
As you can see, the total number of transactions so far this year is up. This is likely a response to lower prices. It may also be related to increasing interest rates, which incentivises buyers to bring forward their purchases to lock in in the 90-120 days before their pre-approval expires.
[caption id="attachment_28346" align="aligncenter" width="1024"] Map Of Non-Lot Sales In Fort McMurray in January 2018[/caption]
You can see that Eagle Ridge and Timberlea are proving most popular so far this year. If this trend continues as 2018 continues, then it could have an impact on the distribution of prices of homes north versus south of the bridge. That could provide opportunities for buyers south of the bridge and sellers north of the bridge.
By the way, if you want to know your RMWB winter maintenance zone to avoid getting a parking ticket, you can find that out in the above map, too. You’re welcome! ;)
[caption id="attachment_28347" align="aligncenter" width="854"] Number of Monthly Expiries Over The Last Two Years[/caption]
1 The interpretations of the MLS® data are my own and don’t reflect the opinions of the Fort McMurray Real Estate Board or its members. There is plenty of my opinion in here, but the data we are using is super accurate. Not intended to solicit clients currently under contract with a competing real estate brokerage.
2 The data covers sales of all property types only the following areas: Abasand, Beacon Hill, Dickinsfield, Downtown, Eagle Ridge, Grayling Terrace, Henning Ridge, Parsons North, Prairie Creek, Stonecreek, Thickwood, Timberlea, Waterways and Wood Buffalo.