Real Estate Matters

The Yellowknife real estate market is alive & well after reawakening from its winter slumber. This article will focus on the past 14 days & what’s happened in that time in the Yellowknife market. 

Over the past 2 weeks we have seen a swift awakening in the Yellowknife residential real estate market. Over the past 14 days we have seen 9 new homes listed on the market with 4  of those properties receiving an accepted offer within the first week on the market. Our newest listing 122 Jeske Crescent received 4 offers after being on the market only 3 days. The 300-500k range being most active with many buyers seeking detached properties in this price range. 

In total the past 14 days saw 9 listings receive accepted offers all of which are between 300-720k, lower to mid range properties being most sought after as of lately. And during the same period of time we saw 9 homes flip over to unconditionally sold with an average sale price of $510,766 as compared to their average listed price of $521,622, meaning homes in Yellowknife are on average selling at 98% of their listed prices leaving very little room to negotiate on most properties. General rule of thumb being if a property is in its first week on market there will be no room to negotiate if any at all & if a home has sat on the market longer than 15 days or so the margin for negotiation begins to widen. 

In 2024 according to MLS data from the NWT MLS system Coldwell Banker on average sold 20% more real estate than our competitors & listed 38% more listings than our competitors. If you are looking to buy or sell a home in 2025 why not contact Yellowknife’s top selling brokerage to get the process started!