Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 27, 2021

July 18-July 25, 2021

The average days on market is currently sitting at 69 days, which has increased slightly from last month where it was 58 days.

As travel restrictions are being lifted, and with the unusual hot temperatures we have been experiencing, which are now slightly cooling we would normally tend to see sales slow- down during the summer holidays. This summer appears to be an exception as housing continues to be a priority. 

Lending rates remain low, and it has still been driving the demand for buyer’s to purchase, or considering upgrading their existing home.

Sales remain very strong in properties priced below $600,000 and condo sales have gained speed with 32 sales so far this month. 

 

Check out last week’s Fort McMurray Real Estate Statistics.  

 

69 Average days on market for a detached home to date in July. 

Check out last week’s Fort McMurray Real Estate Statistics.  

40 homes sold 

25 homes pending 

43 New Listings 

362 Active Listings  

 

Are you curious what homes in your neighbourhood are selling for?? We would love to share this information with you! 

NOW is the perfect time to put your house on the market?? Find out How much is your home worth today? 

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION  

The Lore Group 780 370 3325

Posted in Fort McMurray
July 27, 2021

July 11-July 18, 2021

July continues to be a busy month with no slow-down in sight. Average days to sell a single family home to date in this month are 63 days and many properly priced homes are selling in multiple offer situations. The market continues to show strength. 

 

Inventory dipped slightly in the 1st half of the month. 

Check out last week’s Fort McMurray Real Estate Statistics.  

31 homes sold 

22 homes pending 

36 New Listings 

360 Active Listings  

 

Are you curious what homes in your neighbourhood are selling for?? We would love to share this information with you! 

NOW is the perfect time to put your house on the market?? Find out How much is your home worth today? 

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION  

The Lore Group 780 370 3325

Posted in Fort McMurray
July 12, 2021

July 3-July 10, 2021

 

June was a busy month in the Fort McMurray Real Estate market with single family home average price bolstering at $533,004. While we are early into the month of July sales continue to be strong in a time when there is usually a seasonal softening. Continued great news for the market.

 

Inventory remains steady and there are still some wonderful deals for buyers. 

 

Check out last week’s Fort McMurray Real Estate Statistics. 

 

31 homes sold 

15 homes pending 

44 New Listings 

363 Active Listings 

 

Are you curious what homes in your neighbourhood are selling for?? We would love to share this information with you!

 

NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?

 

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

 

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION 

 

The Lore Group 780 370 3325

Posted in Fort McMurray
June 21, 2021

June 13-June 20, 2021

The past week continues to demonstrate strong sales in the Fort McMurray real estate market. Average days on market for a single family home has trended downward significantly from 86 days June 2020 to 56 days June 2021 . Homes are selling faster and for higher prices year over year

 

Check out last week’s Fort McMurray Real Estate Statistics. 

28 homes sold 

24 homes pending 

49 New Listings 

373 Active Listings 

Is NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

 

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION 

The Lore Group 780 370 3325

June 14, 2021

June 6-June 13, 2021

The Fort McMurray real estate market continues to be stabilized into the fair weather of June as sales have increased while prices remained steady. Inventory also trended slightly upwards this week as more homes entered the market relative to sales. The average sold price of single family home in the Wood Buffalo region in May snuck up to $528,952.

 From a macro perspective, Fort McMurray housing market may face numerous tailwinds in the coming year. Rising commodity (oil and natural gas) prices and cheap financing may push buyers to the market. In addition, increasing construction and lumber costs will likely suppress the building of new housing, tightening supply.

Check out last week’s Fort McMurray Real Estate Statistics.

30 homes sold 

31 homes pending 

49 New Listings 

357 Active Listings 

With the recent easing of restrictions Open Houses are now up and running with safety measures in place. Just in time for summer and the Lore Group is in full swing so come on out and have a peek at some of our fantastic listings on the weekends.

Is NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION 

 The Lore Group 780 370 3325

June 9, 2021

May 30-June 6, 2021

Some great news for buyers!! Last weeks new inventory increased by almost double providing more home choices for those out searching for the perfect home in the Fort McMurray market right now.

Sales are showing no signs of slowing with similar numbers in sold and pending transactions and multiple offers becoming more common.

Check out last week’s Fort McMurray Statistics.

26 homes sold 

26 homes pending 

52 New Listings 

349 Active Listings 

Is NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION 

 The Lore Group 780 370 3325

June 9, 2021

May 16-May 23, 2021

Last week’s Fort McMurray Real Estate market continued to be consistently strong. We are experiencing multiple offers on many listings. Rates are set to rise however they still at record lows, providing buyers with affordable payments. 

With Spring in full swing and the weather warming now is a great time to get out and find that perfect home.

Check out last week’s Fort McMurray Statistics. 

26 homes sold 

25 homes pending 

34 New Listings 

349 Active Listings 

Is NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION 

The Lore Group 780 370 3325

May 17, 2021

May 9-May 16, 2021

Current demand in the Fort McMurray Real Estate market continues to be strong. Buyers are looking for more living space. The hot spot in the market continues to be the mid-range for single family homes. 

First time home buyers are taking advantage of the low interest rates and turning their backs on renting to invest in their futures through home ownership. 

Keep an eye on condos as record low pricing bolstering cash flow has begun to prompt hovering investors to back into market. 

Check out last week’s Fort McMurray Statistics. 

27 homes sold 

24 homes pending 

34 New Listings 

342 Active Listings 

 

Is NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

 

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION

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May 10, 2021

May 2-May 9, 2021

The Fort McMurray Real Estate market experienced a nice little jump in inventory last week with 51 new listings providing some great new options for buyers looking for that perfect home. Sales continue to be strong demonstrating some stability in the second quarter of this year.

Confidence has returned to the market bringing with it many first time buyers and families looking to spread their wings a little with more spacious homes and yards. Retirees are wisely taking advantage of the stronger market to sell and downsize or make ready to move on to their retirements dreams.

Check out last week’s Fort McMurray Statistics.

37 homes sold 

20 homes pending 

51 New Listings 

344 Active Listings 

Is NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION 

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Posted in Uncategorized
May 3, 2021

April 25-May 2, 2021 Market Update

April 25-May 2, 2021

What a wild ride this past weeks sales have been resulting in lower inventory this week than last. The cool weather didn’t slow Fort McMurray buyers at all.

Check out last week’s Fort McMurray Statistics.

36 homes sold 

29 homes pending 

32 New Listings 

327 Active Listings 

Is NOW is the perfect time to put your house on the market?? Find out How much is your home worth today?

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar.

DON’T WAIT!! Reach out to us for a no obligation FREE MARKET EVALUATION 

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Posted in Uncategorized