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FORT MCMURRAY REAL ESTATE MARKET UPDATE

Summer Real Estate Market Update
Posted by Jennifer Fahey on Wednesday, June 13, 2018 at 1:42 PM By Jennifer Fahey / June 13, 2018 Comment

Jennifer Fahey Real Estate - Fort McMurray Homes 4 Sale

Summer is here!

As the warmer months come in, it gets easier to check out homes that are for sale. This ease makes me more eager to step up my game as a trusted Realtor. I want to make sure that I’m providing my clients - valued clients like you - the best professional service possible. Not just when I help you buy or sell a home, but also with the service that I provide in between those transactions.

You see, my business is built on repeat business and more importantly, referrals from satisfied clients. That’s one of the many reasons why I work hard to be of service to you month after month and year after year.

As a valued client, your opinions matter a lot to me. This is why I would like to ask you a big favor. It would mean a lot to me if you contact me and let me know of any steps that I can take to make sure that you enjoy your home to the fullest. Whether it be answering your questions about real estate, giving you a visit to give you an idea of what your home is currently worth in today’s market, or maybe recommending a trusted professional to help you out with your latest project.

Feel free to let me know of any way that I can help. Clients like you are the most important and the most rewarding part of my job, and I want nothing more than to make sure that you are treated that way.


All the best!

Jennifer Fahey

Fort McMurray Homes 4 Sale - Fort McMurray real estate market statistics May 2018...

New Year Real Estate Market Update
Posted by Jennifer Fahey on Friday, January 19, 2018 at 3:37 PM By Jennifer Fahey / January 19, 2018 Comment

Hi Friends and Clients!
snow-covered-treesHappy New Year!  Now that January is well on its way, let’s hope that the -40 goes with it.  I finished top individual sales associate within my brokerage in 2017, and would like to thank you all for your support and loyalty over the years.  I plan on moving into 2018 with a work-hard-attitude and ensure that I continue to provide the best possible service to all of my valued clients.

To give a quick recap, the market’s year-to-date average sale price for 2017 compared to 2016 are as follows:

  • Single family homes are down -8.37% finishing at $602,654
  • Duplex homes are down -6.17% finishing at $$439,762
  • Townhomes are down -15.92% finishing at $301,957
  • Apartment Condominiums are down -13.01 finishing at $212,639
  • Mobile homes with land are down -12.60% finishing at $303,222

Last year was another year of significant decline in the market.  However, moving into 2018, our inventory is down compared to last year in most housing categories, and sales seem to be on the rise.  The last two offers I wrote ended up in multiple offers, which is a good sign that things will be turning around.  The price of oil is also an even better sign with us sitting around $70 a barrel - meaning more jobs and opportunities for our oil and gas sector in the region.  This year, in my opinion is a year where we will see things start to stabilize, and in some of the markets I am projecting a 3-5% recovery....

Fort McMurray Houses - How's the real estate market?
Posted by Jennifer Fahey on Thursday, September 21, 2017 at 11:58 AM By Jennifer Fahey / September 21, 2017 Comment

fort-mcmurray-real-estate-market-update

Fall Greetings!
fort-mcmurray-economy-forecast
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 Houses - How's the real estate market?
Posted by Jennifer Fahey on Monday, August 21, 2017 at 3:43 PM By Jennifer Fahey / August 21, 2017 Comment

Hi Friends!
fort-mcmurray-real-estate-market-update
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?
Posted by Jennifer Fahey on Monday, July 3, 2017 at 8:35 AM By Jennifer Fahey / July 3, 2017 Comment

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 that...