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Fort McMurray Monthly Statistics June 2024

Sales in June increased 17 percent year over year, resulting in a year-to-date sales growth of 12 percent. This growth was largely driven by gains in detached and row-style units. June saw a 1 percent decline in new listings, which led to lower inventory levels year over year. With 516 units in inventory and 124 sales, the supply for June decreased to 4.2 months, compared to 4.4 months in May.

Despite minor monthly variations, year-to-date average prices are up 2 percent compared to the previous year. Prices have increased 1 percent for detached properties and 11 percent for apartments year to date. However, prices have decreased for semi-detached and row-style homes.

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Why Summer is the Perfect Time to Prepare Your Home for Sale, Even if You aren’t Planning to List Right Now.

One of my favourite pieces of advice to pass along to Fort McMurray residents is to take advantage of summer photos! Even if you’re not planning to list your home for sale right now, summer is an excellent opportunity to enhance your property and get it ready for the market. Taking advantage of the warm weather and vibrant surroundings can yield significant benefits. Here are a few reasons why you should make the most of the summer season:

1. Capturing Stunning Exterior Photos

Summer provides the perfect backdrop for beautiful exterior photos. Your home looks its best this time of year, and we know our long winters make us look forward to brighter, warmer days! Even if you aren’t ready to commit to hiring a professional photographer to snap exterior shots, consider taking good quality photos on your phone and save them to an album for later use. Lush green lawns, blooming flowers, and clear blue skies can make your home look its best. High-quality photos taken during this time can be an invaluable asset when you decide to sell. These images showcase your property in the best possible light, attracting potential buyers who can see the full potential of your home. Let me know if you want a copy of my Professional Photography Top Tips Checklist!

2. Making Exterior Repairs

Consider a pre-listing home inspection! This can help you gauge what deficiencies may need to be rectified prior to listing. Whether it’s re-shingling , repainting the exterior, cleaning your dryer vents, or making sure your grading is sufficient, now is the time to address these issues. On a budget? Focus on cleaning and tidying – pressure wash siding and driveways, wash windows, paint any rusted light fixtures. Tackling these repairs now not only enhances your home’s curb appeal but also ensures that it’s in top condition when you decide to sell. If you are looking for Property Inspector recommendations, let me know!

3. Maintaining Your Garden and Lawn

A well-maintained garden and lawn are key to creating a positive first impression. Regular watering, mowing, and weeding can keep your outdoor space looking pristine. Consider this your exterior staging, making your yard look fantastic for any potential buyer. First impressions matter, and buyers are savvy. Additionally, planting seasonal flowers and adding mulch can give your garden a fresh and inviting look. A beautifully maintained yard not only adds to your home’s appeal but also demonstrates that you’ve taken good care of the property.

4. Planning Ahead for Winter

Due to our long winters in Fort McMurray, summer photos can be especially valuable. Potential buyers may have difficulty visualizing the property’s full potential during the colder months. By capturing your home’s exterior in its summer glory, you can provide a clear picture of what the property looks like year-round. This foresight can make a significant difference in attracting buyers and securing a sale. As a real estate professional, I learn all of the features of your property to share with potential buyers. However you know all of the special moments with your home like, how you love coffee on your deck because the sun hits it just right, or how your peony bushes grow so well in the south facing garden in the months of June & July. Taking a moment to document the memorable times in the summer can really help a potential buyer see why your home may be perfect for them!

Conclusion

While you may not be ready to list your home right now, taking advantage of the summer season can set you up for success in the future. Stunning exterior photos, timely repairs, and regular maintenance all contribute to showcasing your home in the best possible light. By preparing your property now, you’ll be ready to hit the market with confidence when the time comes. Summer is not just a season for relaxation; it’s also an opportunity to invest in your home’s future sale. Happy summer home improvement! 🌞🏡


If you need professional advice on how to best prepare your home for sale, lets chat! I have tons of resources to help guide you in the right direction! I am always happy to help and pass my knowledge and expertise on to you!

Kate Arnold

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.