Yellowknife Real Estate Market Update February 20 2024

Yellowknife Real Estate Market Update February 20 2024

Hi all and thank you for checking out this weeks Yellowknife Real Estate Market Update. We are finally starting to see some new and exciting homes for sale after a couple months of slow activity over the winter and holidays. 

This past week Yellowknife saw 9 new homes listed for sale. 6 condos and 3 single family homes. The average listed price for new listings this past week is $477,700.

Yellowknife real estate saw 1 price change and 2 conditional sales. We only saw 2 firm sales this past week, with the average sale price of those 2 homes being $497,450. 

My tip for buyers looking to start their search this year is get a pre approval with a mortgage broker/lender as soon as you can. Waiting doesnt do you any benefit. Start familiarizing yourself with what Yellowknife homes in your budget look like. Not everyone can afford a 4 bedroom house with a 2 car garage and a massive fenced yard, we all start out somewhere. 

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