Wednesday, September 10, 2008

Busy, Busy, Busy Market

When the price and market is right the buyers will come. To investors who do their research it has always been clear that the Edmonton market is not unstable and prices aren't plummeting merely stabilizing. With so many listings on the market the pickings are plentiful and the prices are right.

"I've been run off my feet," "July was ridiculously busy and August has been ridiculously busy, and when it shows in the numbers, it's not just me.

"The stats show buyers are confident with the Edmonton economy. It's a large selection to pick from right now, and I think they don't foresee a drastic dropping of prices, so they want to get into the marketplace and buy.

"By the time we get through to next spring, we're going to have a far more reasonable listing inventory and we're going to have a far more balanced marketplace," Marc Perras, president of the Realtors Association of Edmonton

The investment deals we are getting are fantastic. Terms are more flexible and when you satisfy your sellers need they are more likely to meet you half way.

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