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!

April 25, 2022

April 17th, 2022 to April 24th, 2022

April 17th, 2022 to April 24th, 2022

 

With spring in full swing the market continues to be robust. Are we in a seller’s market? This is the case in many sectors of the Fort McMurray Real Estate market.

  • Overall Inventory: The number of new listings entering the Fort McMurray market declined sharply again this weekOverall inventory is down. The number of homes sold increased a bit however the number of homes that received offers took a significant jump upwards.  
  • Average days on market dropped to 73.
  • List to closed price ratio rose at 98%. This means negotiating sale price has become tighter on average.

Higher sales and lower inventory levels caused increased competition among Fort McMurray home buyers, and this can be seen through higher sale prices compared to listing prices.

 

The threat of impending rate hikes have long been looming over Fort McMurray’s housing market as buyers look to lock in mortgage rates before any potential increases. The possibility of higher Alberta mortgage rates and reduced home affordability may drive increased demand over the next few months.

 

Check out last week’s Fort McMurray Statistics:

  • 36 Sold Homes 
  • 46 Pending Homes 
  • 32 New Listings 
  • 274 Active Listings  

Your home has most certainly changed in value from 2021 and condos are following suit with increased sales and strengthening values.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

With the shortage in inventory NOW is the perfect time to put your house on the market.

 

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar. Did you know we have a kiosk at the YMM airport to market your home for better exposure?

 

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

 

The Lore Group - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
April 18, 2022

April 10th, 2022 to April 17th, 2022

April 10th, 2022 to April 17th, 2022

 

Happy Easter! As you celebrate this special time with loved ones and enjoy finally gathering together we just you many happy memories.

 

The Fort McMurray market continues to be very active and strong.

  • Overall Inventory: The number of new listings entering the Fort McMurray market declined this week. The number of homes sold decreased a bit however the number of homes that received offers increased just slightly.  
  • Average days on market rose to 85.
  • List to closed price ratio widened at 97.1%

Check out last week’s Fort McMurray Statistics:

  • 31 Sold Homes 
  • 39 Pending Homes 
  • 48 New Listings 
  • 280 Active Listings  

Your home has most certainly changed in value from 2021 and condos are following suit with increased sales and strengthening values.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

With the shortage in inventory NOW is the perfect time to put your house on the market.

 

The Lore Group offers one of the most comprehensive marketing programs in Fort McMurray designed to sell your home fast and for top dollar. Did you know we have a kiosk at the YMM airport to market your home for better exposure?

 

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

 

The Lore Group - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
April 11, 2022

April 3rd, 2022 to April 10th, 2022

April 3rd, 2022 to April 10th, 2022

 

It may look like a winter wonderland out there right now but the Fort McMurray Real Estate market is still nice and warm.

 

Check out last week’s Fort McMurray Statistics.  

  • Overall Inventory took a substantial jump upwards this week offering some great new options for those buyers out and about looking for a home. The number of homes sold increased however the number of homes that received offers cooled down a bit.  
  • Average days on market came down sharply to 64.
  • List to closed price ratio rose higher at 98.3%

Check out last week’s Fort McMurray Statistics:

  • 43 Sold Homes 
  • 38 Pending Homes 
  • 51 New Listings 
  • 268 Active Listings  

Are you curious what homes in your neighbourhood are selling for? Winter can be the perfect time to put your house on the market.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

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 - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
April 4, 2022

March 27th to April 3, 2022

March 27th to April 3, 2022

 

What a week in Real Estate we had. The market is really moving and it is a fantastic time to be a seller.

 

The number of new listing entering the market declined this week. The number of homes sold increased. But check out the number of homes that received offers. This took a huge jump to almost double. 

 

Check out last week’s Fort McMurray Statistics.  

  • Overall Inventory declined this week.
  • Average days on market is up this week just a touch to 85.
  • List to closed price ratio stayed consistent at 97.4%. 

Check out last week’s Fort McMurray Statistics:

  • 38 Sold Homes 
  • 51 Pending Homes 
  • 36 New Listings 
  • 247 Active Listings  

Are you curious what homes in your neighbourhood are selling for? Winter can be the perfect time to put your house on the market.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

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 - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
March 28, 2022

March 20th to March 27th, 2022

March 20th to March 27th, 2022

We are only three months into the year but Fort McMurray has seen the Real Estate Market change quickly from a buyer’s market to a seller’s market. Alberta real estate had been left out of the rally over the past few years, but it’s been making up for time. A few months does not make a trend, however, the increase in sales is certainly good news. As interest rates rise, home sales are expected to normalize, further improving supply. 

 

The number of new listing entering the market this week stayed the same as the previous week as did the number of homes sold.

 

The current market conditions are the most favourable Fort McMurray has seen in 7 years and if you are considering selling or planning for your retirement NOW is the time.

  • Overall Inventory is up a bit again this week.
  • Average days on market is up this week just a touch to 81.
  • List to closed price ratio stayed consistent at 97.4%. 

Check out last week’s Fort McMurray Statistics:

  • 33 Sold Homes 
  • 38 Pending Homes 
  • 40 New Listings 
  • 271 Active Listings  

Are you curious what homes in your neighbourhood are selling for? Winter can be the perfect time to put your house on the market.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

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 - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
March 21, 2022

March 13th to March 20th, 2022

March 13th to March 20th, 2022

What a fantastic week! The weather is warming… Snow is melting and buyers are out and about looking for that perfect home or great investment. Investors have returned to the Fort McMurray marketplace.

 

The number of new listing entering the market this week decreased, while the number of pending sales held steady with last week’s numbers.

 

Homes sold declined slightly this week but don’t be fooled the market is still hot!

  • Overall Inventory is up marginally again this week with a few new choices for buyers out in the beautiful warm weather shopping.  
  • Average days on market dropped slightly to 80. 
  • List to closed price ratio down only by 0.01% to 97.4%. That means if homes are selling close to list price in most cases.

Check out last week’s Fort McMurray Statistics:

  • 33 Sold Homes 
  • 39 Pending Homes 
  • 40 New Listings 
  • 262 Active Listings  

Are you curious what homes in your neighbourhood are selling for? Winter can be the perfect time to put your house on the market.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

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 - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
March 14, 2022

March 6th to March 13th, 2022

March 6th to March 13th, 2022

 

Cold weather didn’t slow the market this week. The number of new listing entering the market this week decreased, while the number of pending sales increased marginally. 

 

Home sales took a large jump this week as the market continues to be hot

  • Overall Inventory is up marginally again this week.  
  • Average days on market increased to 81. 
  • List to closed price ratio rose ever so slightly to 97.5%.

Check out last week’s Fort McMurray Statistics:

  • 37 Sold Homes 
  • 39 Pending Homes 
  • 38 New Listings 
  • 258 Active Listings  

Are you curious what homes in your neighbourhood are selling for? Winter can be the perfect time to put your house on the market.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

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 - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
March 7, 2022

February 27th to March 6th, 2022

February 27th to March 6th, 2022

 

Spring is coming and we can feel it in the air and the Fort McMurray Real Estate market. 

  

Sales slowed slightly this week but don’t let that fool you as the number of pending sales (homes that gained offers) took a jump upwards.

  • Overall Inventory is up marginally this week.  
  • Average days on market dropped again to 70. 
  • The list to closed price ratio rose ever so slightly to 97.4%.

 

Check out last week’s Fort McMurray Statistics:

  • 21 Sold Homes 
  • 38 Pending Homes 
  • 48 New Listings 
  • 255 Active Listings  

 

Are you curious what homes in your neighbourhood are selling for? Winter can be the perfect time to put your house on the market.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

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 - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
Feb. 28, 2022

February 20th to February 27th, 2022

February 20th to February 27th, 2022

 

Sales heated up again this week in Fort McMurray with a substantial jump upwards. While pending sales and new listing numbers held steady in keeping with the previous week.

  • Overall Inventory is up slightly week over week.  
  • Average days on market dropped to 76. 
  • The list to closed price ratio rose slightly to 97.3%.

 

Check out last week’s Fort McMurray Statistics:

  • 38 Sold Homes 
  • 30 Pending Homes 
  • 36 New Listings 
  • 245 Active Listings  

 

Are you curious what homes in your neighbourhood are selling for? Winter can be the perfect time to put your house on the market.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

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 - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray
Feb. 22, 2022

February 13th to February 20th, 2022

February 13th to February 20th, 2022

 

The Fort McMurray market took a slight breather last week as inventory increased and sales and pending sales decreased. Is this the calm before the spring storm? It is certainly nice to have a few more homes available in the coming week for buyers.

  • Average days on market dropped to 83. 
  • The list to closed price ratio dipped ever so slightly to 96.7%.

 

Check out last week’s Fort McMurray Statistics:

  • 26 Sold Homes 
  • 30 Pending Homes 
  • 36 New Listings 
  • 239 Active Listings  

 

Are you curious what homes in your neighbourhood are selling for? Winter can be the perfect time to put your house on the market.

 

Take advantage of a complimentary consultation on how to prepare your home for sale? We would love to share this information with you! 

 

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 - Coldwell Banker Fort McMurray

Phone: (780) 370-3325

 

Fort McMurray Residential Market Update - Feb 13-20

Posted in Fort McMurray