The overall real estate market is very healthy and continues to reward local homeowners. Demand for properties continues to be higher than last year. The number of homes listed for sale is dropping quickly, causing inventory to fall also. Approximately a quarter of all properties sold over their asking price. We expect aggressive conditions to continue through September and October.
Every month we celebrate the top performing REALTORS® at Redline Properties. It takes a special dedication to your work to be listed amongst the top five at our company. This group of Realtors helped 19 families buy and sell real estate this past month and our company was honoured to help over 50 clients this past month.
Congratulations to Cheryl Vansickle, Jill Plant, Steve Tombol, Nadene Aasla, and Linda Ferras on an outstanding month!
The results from the first half of the year are exciting. Sales and new listings are up, along with the average price of homes. Homes are selling for record high price points across the region. The number of homes coming on the market reached a peak in May, while demand for homes continues to rise month after month. If this trend continues, we expect an aggressive autumn market. Premium move-in ready homes are attracting the most attention. Local homeowners should be pleased with stable rising prices. We predict these conditions will continue through the remainder of the summer.