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Youthful Buyers Spike Home Sales

Friday Nov 08 2013

Great to see that stats are up in October, and highest since 5 years ago according to the Realtors Association of Edmonton. Youthful buyers are the majority in buying homes, as the economy in the work force remains steady this increases the demand for housing.

 

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Photograph by: Rick MacWilliam , Edmonton Journal

EDMONTON – The Realtors Association of Edmonton says youthful buyers were responsible for the highest October home sales in five years.

“Total annual sales are the highest they have been for five years and we had the best October in five years as well, said association president Darrell Cook.

“The youthful nature of our city and good job prospects means that the demand for housing remains high.”

Residential sales, not including late-reported transactions, totalled 1,346 in October for the Edmonton census metropolitan area, up 7.0 per cent year-over-year.

The average selling price for a single-family dwelling was $397,613, up 2.5 per cent year-over-year.

The average condominium selling price was $235,680, up 2.0 per cent from the same month last year.

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“We hired Fortune Marketing to manage the sales and marketing of our luxury condominium project in Pandosy Village. From the beginning, Fortune exhibited professionalism from the initial project marketing concept through to the completion of each sale and beyond. Fortune has executed a dynamic and thorough marketing and sales strategy that delivered results, so we could focus on building. The Fortune Team utilized their wealth of knowledge, contacts and experience to help bring our project the expertise we required. We highly recommend working with the Fortune team if you want experienced creative sales and marketing experts that get results.” – David Bakonyi, President, Teano Developments Ltd.

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