• FORT MCMURRAY REAL ESTATE MARKET UPDATE

FORT MCMURRAY REAL ESTATE MARKET UPDATE

Fort McMurray Real Estate Market Update

Fall Greetings!
It is now time to pull out those wooly sweaters and grab pumpkin spice lattes.  With August, we have seen sales down from the same month the year prior.  Overall however, year-to-date numbers are still up from that of last year.  Being optimistic is key to our continuous rebuild. Note that our newest economic update sees strong growth after the wildfire.  We are rising back up from the resulting decline in economic activity in 2015 and 2016 which have also affected our real estate numbers.
 
With the rebuild going strong as well as the positive change in oil prices, the Conference Board of Canada stated in their report that GDP is expected to rise by more than 20% over this year and 2018.  Moreover, there is also a foreseen increase of 11,300 new jobs produced by the regional economy which would cut the unemployment rate from last year’s 8.8% to 4.1%.  Another forecast is that the economic impact associated with the wildfire is expected to have dissipated by the year 2021.  To shed more light on this update, it is also expected that the economic growth in the Wood Buffalo region will surpass that of Calgary, Edmonton, and Red Deer through 2017 and 2018.
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Fort McMurray Real Estate Market Update

Hi Friends!
First off, I want to congratulate my clients, Jennifer and Jonathan who won $15,000.00 in our Canada 150 draw.  Anyone who bought or sold with me from January to July was entered to win.  I am very happy for them and would like to thank everyone who came out for some free family fun.  Stay tuned for what is to come next!  Is it really half way through August?  I find it hard to believe how fast the summer months have gone by.  Very soon, it will be back to school and fall coats before we know it.

When you look at the stats this month, do not be alarmed with the 40+ percent decline, as this is due to last year’s wildfires. In July 2016, we have seen a significant market sales increase brought about by the significant housing loss.  If you look back to July 2015’s 52 single family home sales, it is more in-line with July 2017’s 43 single family home sales.

If you have any questions about the condo market or the mobile market, or if you need some solid advice, please reach out and take advantage of my expertise.  That's why I'm here.  When you need to talk to a real estate expert - someone who is knowledgeable about the local market and considers you a valued client, know that I will be available to help you out.
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Fort McMurray Houses - How's the Real Estate Market?

So, hows the Real Estate Market in Fort McMurray?

People ask me all the time about the "real estate market". It is funny that with right at a decade in the real estate business in Fort McMurray, my response over the years has always pretty much been the same.

"That depends, what are you looking to do?" -Jennifer

Real Estate, Homes and Condos are Individual

So are you and your family.

There really is not a "real estate market" in Fort McMurray. If you are looking for a condo near downtown, your market will be entirely different than someone looking to sell a home near Gregoire Lake. While the are general factors that determine economic conditions, what that means to each buyer and seller are radically different.

The Fort McMurray Fire affected real estate and property values in different areas different ways. Some areas were burned out. Some areas suffered little damage. The oil economy tends to affect more in a general way, but with two hours of driving in between different projects, even that varies widely when you get down to specifics.

Sure, you can search my website for homes in Fort McMurray, or Anzac or Saprae Creek or any of the other areas. But there is a pretty good chance that I should listen to your needs and answer your questions first.

My goal is to understand what your needs are and to help you get there

Real Estate Conversation over a cup of coffeeWhat is important is that I answer your question about the real estate market ACCURATELY. And that means...