The Edmonton real estate market is showing no signs of slowing down, even as we approach the holiday season! We're seeing multiple offer situations just weeks before Christmas, which is unheard of in a typical year. This is a clear indication that buyer demand remains incredibly strong, even with a recent snow dump. ❄️

What's driving this continued activity? A combination of factors, including:

Record low inventory: There are simply not enough homes on the market to meet the current demand.

Attractive interest rates: While interest rates are expected to change soon, they are still relatively favorable, making it a good time to finance a purchase.

Strong economic fundamentals: Edmonton's economy is diverse and resilient, which is attracting new residents and investors.

Anticipation of future price growth: Buyers are savvy and recognize that if they wait, they will likely pay higher prices in the spring.

Key Market Trends:

Detached homes: Seeing an average appreciation of 12%.

Semi-detached homes: Experiencing an average appreciation of 15%.

Townhouses: Showing modest appreciation of around 3%.

Apartments and Condominiums: After years of flat or declining values, condos are now experiencing a surge in appreciation, with an average increase of 15.7%!

What does this mean for 2025?

We anticipate that the Edmonton real estate market will remain strong in the new year. Low inventory, coupled with continued demand, will likely drive further price growth.

Contact us! Feel free to reach out now or in the new year to schedule a call to discuss your 2025 goals.

aofteam.com/contact

Huge congrats to our 2024 buyer, seller, and investor clients!