On the heels of Alberta’s progressively stable economic footing, the Edmonton market’s prospects can be expected “to remain upward trending for the foreseeable future,” according to a new report from real estate data firm The Network.
Total mid-2017 sales compared to mid-2016 suffered a modest 2 per cent decline, while “the 2017 sales distribution had 24% of the total number of transactions being land and the remaining 76% buildings,” the report explained. The total value of real estate transactions in the city swelled from nearly $866 million in mid-2016 to over $1.2 billion as of June 30, 2017.
Edmonton’s office and retail condos have proven especially popular. Total dollar volume for the office condo segment increased from $28 million in the middle of last year to over $30 million in mid-2017, while the retail condo sector saw a rise from $4.9 million to $5.4 million in the same time frame.
The office sector as a whole experienced massive growth over the past year, with the total transaction volume for office spaces of all types increasing from $44 million in mid-2016 to over $134 million in mid-2017.
MBN
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"THE JACKIE GOODLET TEAM" Re/Max Rouge River Reatly Ltd., Brokerage Direct/Text: 289-200-5883 Office: 1-800-663-7119 info@thejackiegoodletteam.com
About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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