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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!

Sunday, October 8, 2017

Edmonton sales slip as interest rates raise concern

Potential homebuyers in Edmonton may have been more cautious in September amid increased interest rates.

Home sales were down 13% from August and almost 7% from September 2016 to 1,341 with detached homes, condos and duplex/townhouses all suffering double-digit declines month-over-month.

"Once the distractions of summer are over, the market usually picks up with buyers looking to move in to a new home before the snow flies", says James Mabey, Chair of the Realtors Association of Edmonton. "However, it is possible we didn't see a strong performance for unit sales this September because the Bank of Canada raised interest rates twice this summer, putting some downward pressure on buyer purchase intentions.”

He added that the market remains in good health and prices are holding up despite the moderated sales.

The average selling price in the Edmonton market was $370,252 for all home types, down 0.85% month-over-month and down 1.06% from September 2016. Duplexes/townhouses saw the largest declines while condos gained.

MBN

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