Buyer‘s Market, Sellers Market, Stabilization How do you make sense of it all? How does one get their home sold for top dollar in any market place?

Traditional approaches would have real estate professional doing a comparative market analysis (CMA) of your home by comparing its features to other similar homes and setting a price that seems comparable. This approach on its own does not usually work (it is only the first step in the equation). The second step would be to pin point the sellers motivation. The third step would be to price the home right in the current economy which has an ever-changing market place. If you are selling your home it is crucial to Price your home according to the number of buyers and sellers entering the market place. The Property Fusion Team looks very carefully at the absorption rate within the market place when working with a seller to market their home.
The use of Absorption Rate Pricing will help get the best possible price for your home in any given market place. Absorption Rate Pricing is simply the mathematical relationship between Supply and Demand.

A normal or balanced market place will exist when the Absorption Rate is at 5-6 months.
A sellers market will exist when the Absorption Rate is between 0-5 Months.
A buyers market will exist when the Absorption Rate is at 7 + Months.

Today’s market place within the Edmonton Region is at an absorption rate of 6.78 months Based on the number of sales in June 2008 and the Current active listings.

In June 2008 the Realtors Association of Edmonton recorded
493 Residential Condo Sales
10 Vacant Lot Sales
1316 Residential Sales (Non Condo)
211 Rural Sales
33 Mobile Sales
For a Grand Total of 2063 Sales (Calgary Recorded 2491 Sales)

As of July 12, 2008 the Realtors Association of Edmonton has 14,307 active listings in all categories*. (*Non Commercial) (Calgary has 14,317).

June 2008 saw 2387 residential properties expire from the Edmonton Market, and Calgary's Market had 2301 residential properties expire.

If you are thinking of selling your home or have suffered an expiry and would like a demonstration on how using Absorption Rate Pricing can get your home SOLD quickly and for top dollar in any market place please contact us at sell@propertyfusion.ca or give us a call at 780-702-9999.