Big Lakes Real Estate Market Update - March 2023
Well that didn't go according to plan.
Edmonton saw a dramatic slow down in March, with the neighbourhoods of Trumpeter, Starling, Kinglet Gardens, and Hawks Ridge seeing similar slow down.
Sales are down by 44% in the Big Lake neighbourhoods compared to March of 2022, and homes are taking on average 145% longer to sell than it did a year ago.
The good news is that the Big Lakes neighbourhoods are maintaining listing volume, where most of Edmonton saw a decrease of about 25% the areas of Big Lakes saw an INCREASE of 65.44% in new listings.
Like much of the region, it's taking longer for Big Lakes homes to sell. In fact we're up by 145% compared to the same month last year.
April should bring more sales and activity as the late spring thaw takes hold of the real estate market.
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