FORT MCMURRAY REAL ESTATE MARKET UPDATE - February 2020

FEBRUARY 2020 STATISTICS RELEASE
Statistics include Fort McMurray and surrounding area
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Welcome to the Roaring 20’s of Real Estate in Fort McMurray. February was another strong month of Single family home sales. It is a balance market with inventory 11% lower than last year at this time. The year to dates sales, this year over last year has a 67% increase.

Duplex home sales year to date sales are up 26% comparted to 2019.

Townhomes has seen a decrease in sales from last year but also a decrease in inventory by
18.89%

Condo Apt: Sales, inventory and price are all down from last year.

Mobiles with Land for February was a seller’s market with 2.83 months of inventory. There was an increase in average price by 12%

The year to date average price for a lot is $106,475 which is up by 7% from last year.

Reminder Single Family Home inventory is still low. Now is a great time to contact your local Real Estate Agent in Fort McMurray about getting your home ready for the spring market.
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Complete statistics are posted monthly on our website www.fmreb.com.

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