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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