MLS LISTINGS ARE DOWN.
December is also a good time to analyse our past year real estate stats and forecast the year ahead. “The Edmonton market prices remain stable with a decrease in year-over-year residential listings. Our market has been down over the last number of years and we haven't seen a significant increase in the market, and we're not anticipating a significant increase soon," says REALTORS® Association of Edmonton Chair Michael Brodrick.
Key highlights:
- Median Condo price is down -1.19%, Year-Over-Year
- Median Single Family Home price is up +1.62%, Year-Over-Year
- Number of Total Inventory is down -9.31%, Year-Over-Year
- Total Number of Total Sales is down -1.27% , Year-Over-Year
Single Family Homes saw almost the same number of sales over this time last year, total of 663 sales in Novevember 2019 vs 704 sales in November 2018! Although this is a positive sign, it was still down 15.8% from December 2015. We're happy to see SFH listings are down, a total of 18,439 SFH in December 2019 vs 20,035 SFH in December 2018.
Apartment/Condo WOW! a 33% gain in November 2019 with 297 sales compared to 264 sales in November 2018. However, still down 21% compared to December 2015. Still very positive news coupled with inventory level almost the same as December 2018.
Stay tuned for our February 2020 Real Estate News, featuring the highlights from the 2020 Realtors Housing Forecast Seminar. This will include predictions for Edmonton’s housing marketing from our Association, City of Edmonton’s Chief Economist and CMHC Chief Economist.
If you are considering selling your home in 2020, please reach out to me early on so that we can make your home sale ready in this competitive market. If you are thinking of buying, we can provide a lot of information on the market including the inventory...is down NEARLY10%.
Happy Holidays!
Alison Murray, B.Com, Realtor
Cell: (780) 619-9812
Email: Alison@infoEdmonton.ca
|
MLS® System Activity 2019 |
November 2019 |
M/M % Change |
Y/Y % Change |
|---|---|---|---|
|
SFD average selling price – month |
$420,650 |
-0.07% |
0.24% |
|
SFD median selling price – month |
$388,200 |
1.70% |
1.62% |
|
Condominium average selling price |
$228,113 |
0.14% |
3.37% |
|
Condominium median selling price |
$207,500 |
-1.19% |
-1.19% |
|
All-residential average selling price |
$353,838 |
0.08% |
-2.33% |
|
All-residential median selling price |
$333,000 |
0.91% |
-3.48% |
|
# residential listings this month |
1,860 |
-22.47% |
-12.59% |
|
# residential sales this month |
1,101 |
-17.47% |
-0.36% |
|
# residential inventory at month end |
7,300 |
-7.86% |
-9.71% |
|
# Total MLS® System sales this month |
1,318 |
-19.04% |
-1.27% |
|
$ Value Total residential sales this month |
402,993,495 |
-18.14% |
-4.12% |
|
$ Value of total MLS® System sales – month |
462,399,935 |
-19.68% |
-4.33% |
|
$ Value of total MLS® System sales - YTD |
6,851,845,148 |
7.19% |
-3.58% |
1 Census Metropolitan Area (Edmonton and municipalities in the four surrounding counties)
2 Single Family Dwelling
3 Average: The total value of sales in a category divided by the number of properties sold
4 Median: The middle figure in an ordered list of all sales prices
5 Residential includes SFD, condos and duplex/row houses
6 Includes residential, rural and commercial sales
Sources:
REALTORS Association of Edmonton
https://edmonton.ctvnews.ca/home-prices-drop-again-in-edmonton-benchmark-lowest-in-six-years-report-1.4688007
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