Edmonton ComFree Statistics - October 2007

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http://edmonton.comfree.ca/stats ... 2ade0e4953768da4b9e

2007        October        Year to Date
! v5 |+ O: e/ `$ ]0 [New Listings        470        7797
# k0 @) |* X# U- a) T' o; CSales (units)        146        3583
$ J1 K3 b, ~  i8 bValue of Sales        $51.2 M        $1.25 B
! [: X& s7 V; O0 TAve. Days on Market        58         
Average Sale (single family)        $409,175         
7 A- y: d0 d4 ]* O7 HAverage Sale (condo)        $269,315         
. g" ^! y$ W6 v" W/ X- \Current Inventory        3108         
Commission Saved*        $2.0 M*        Total: $53.2 M*


It has become clear to most that there are an abundance of homes on the market in the Edmonton area, but for some that reality hasn’t quite sunk in yet. Just like everything in life, there are ups and there are downs, and then there are also those in between times that are just a little blah. When it pertains to real estate, "blah" just might sum up what we can expect to see this winter.

  H% C/ y. P7 A, u# t4 SThe good news though, is that inventory levels have finally started to come down, but it will still take some time before we see a balanced real estate market. One statistic that you can’t ignore is that there is still an expected 100,000+ people moving to Alberta in 2008 who will all need somewhere to live. This combined with Alberta’s strong economy is sure to ignite housing starts and a more sustainable rate of growth in real estate price compared to 2006.

& z( b3 O/ p: t) s5 T! FNo matter what the market forces are, there is no better place to be than on ComFree.com. With over 14,000 properties for sale in the Edmonton area, sellers, whether selling through ComFree or an agent, need to be more competitive with their price. By listing with ComFree, sellers have the added flexibility in setting their price, as they need not factor in any agent commissions. Buyers can view all of the ComFree properties from the convenience of their homes with confidence, knowing that ComFree listings do not need to have a commission built into their price, which is an advantage to buyers.

$ S7 W! F/ `% _; j' V8 |. |"The net effect; buyers will pay less and sellers will pocket more. This win - win situation is why ComFree will always be the place consumers go to buy and sell property."

YOKO