• Edmonton Home & Condo Specialist
    Edmonton Home & Condo Specialist

While it has been a challenging year, I still sold 95% of all of my listings!

The latest statistics are out from the REALTORS ASSCOCIATION OF EDMONTON for the month of December 2018.

Key highlights to take away:

  • Median Condo price is down -3.10%, Y/Y

  • Median Single Family Home price is up +0.66%, Y/Y

  • Number of Total Inventory is up +9.69%, Y/Y

  • Number of Total Sales is down -19%, Y/Y

In summary, the Chair of the association has said "it was a challenging market for both buyers and sellers, and it apprears 2019 will be similar".

Visit www.infoEdmonton.ca  for the 2019 Realtors Housing Forecast Seminar summary. 

Please feel free contact me any specific question you may have. Call 780-619-9812, or email at Alison@infoEdmonton.ca.


Alison Murray, BCom
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Every season brings a change to the Edmonton real estate market and the autumn months are no different. Edmonton realtor stats are showing fewer unit sales while the average residential price in October for the Edmonton Census Metropolitan Area (CMA) is up 1.72% year-over-year.

 “Inventory is still higher than average, which has given buyers a larger selection and more time to make their choice,” Mabey said. “We will likely see average days on market grow as long as the inventory remains higher than last year.”

Total listings are up 10.68%, providing a greater supply, while sales are down 3.85% which indicates a lower demand.

Edmonton Real Estate Market Stats

  • There were 7,691 MLS listed properties sold in October, which is a decrease of 7.11% from last month, September 2017, and an increase of 7.7% from October 2016. 
  • New listings in October decreased -15.64% compared to last month, September 2017, and increased 10.68% compared to last year, October 2016.
  • The all residential average unit sale price was $370,484, which is an increase of 0.06%% compared to last month, September 2017.

Edmonton Single Family Homes and Duplexes / Rowhouses

  • Single family homes averaged at $431,654, which is an increase of 0.23% compared to last month, September 2017.
  • Single family home average selling price increased 1.44% compared to October 2016.
  • The DOM for single family homes increased up to 55 days in October from 53 days in September.
  • Duplexes and rowhouses average price was $340,740, which is down 0.55% compared to last month, September 2017.
  • The duplex/rowhouse average selling price increased 1.15% compared to October 2016.

Edmonton Condo Market Stats

  • 326 condos were sold in October compared to last month, September 2017, when 355 units were sold.
  • In October 2017, Edmonton condos averaged at $242,887, which is a decrease of 3.74% compared to last month, September 2017.
  • The condo average selling price decreased 0.45% compared to October 2016.

 

Avg. Selling Price

October 2017

M/M % Change

Y/Y% Change

SFDs

$431,654

0.23%

1.44%

Duplexes/rowhouses

$340,740

-0.55%

1.15%

Condo

$242,887

-3.74%

0.45%

 

Thinking of selling your condo or home?

If you are thinking about selling your home now, or in 2018, be sure to consult with an Edmonton Realtor early on to help you prepare for the best-selling results. Find someone who knows your market so that you are priced right, who can give staging advice, and who will professionally market your home until it is sold.


Please call or email me if you need any help!


Alison Murray, BCom

Remax Real Estate
Direct: 780-619-9812
Email: Alison@InfoEdmonton.ca

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Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.