The new season is bringing signs of life in the outdoors as well as in the Edmonton real estate market for Edmonton realtors. The Edmonton Real Estate Board released its quarterly report last week and things are looking promising.
“We generally see activity in the housing market start to increase at this time of year,” says James Mabey, REALTORS® Association of Edmonton Chair. “Buyers can look forward to more inventory to choose from and sellers can count on more buyers in the marketplace.”
“It is promising to see positive movement in the condo market. We have seen a large increase in both new and resale inventory, so it is good to see sales starting to follow suit,” says Mabey.
Edmonton Listings, Sales and Prices
- There were 1,474 MLS listed properties sold in March which is an increase of 31.8 % from last month, February 2017, as well as an increase of 1.8% from March 2016.
- New listings in March reached 3,080 which was an increase of 26.7% compared to last month, February 2017, and an increase of 1.4% in March 2016.
- Average prices are increasing in all categories compared to last month, February 2017.
- The all residential average unit sale price was $371,680 which is an increase of 3.1% compared to last month, February 2017.
Edmonton Single Family Homes and Duplexes/Rowhouses
- Single family homes averaged at $439,139 which is an increase of 3% compared to last month, February 2017.
- Single family home average selling price increased 0.49% compared to March 2016.
- The DOM for single family homes decreased from 58 days in February to 50 days in March.
- Duplexes and rowhouses average price was $348,806 which is an increase of 0.41% compared to last month, February 2017.
- The duplex/rowhouse average selling price increased 3.2% compared to March 2016.
- The DOM for duplexes/rowhouses decreased from 80 days in February to 67 days in March.
Edmonton Condos
- 389 condos were sold in March compared to last month, February 2017 when 357 units were sold.
- In March 2017, Edmonton condos averaged at $242,632, which is an increase of 3.86% compared to last month, February 2017.
- Edmonton condos are selling faster – the DOM decreased from 74 days in February to 67 days in March.
|
Avg. Selling Price |
March 2017 |
M/M % Change |
Y/Y% Change |
|
SFDs |
$439,139 |
3.04% |
0.49% |
|
Duplexes/rowhouses |
$348,806 |
0.41% |
3.20% |
|
Condo |
$242,632 |
3.86% |
-3.11% |
|
Days On Market |
March 2017 |
February 2017 |
March 2016 |
|
SFDs |
50 days |
58 days |
49 days |
|
Duplexes/rowhouses |
67 days |
80 days |
62 days |
|
Condo |
67 days |
74 days |
58 days |
|
Average |
57 days |
65 days |
53 days |
Thinking of selling this spring?
Be sure to contact an agent who knows your market so that you are priced right. Find someone who can help prepare your home for sale and who will professionally market your home until it is sold.
Call or email me if you need any help!
Alison Murray
780-619-9812
Alison@InfoEdmonton.ca
Comments:
Post Your Comment: