Reported residential real estate sales in Edmonton were well below average in October, and significantly down from last year. With decreased demand and significantly higher than normal inventory, there is only one direction for prices to go. 539 single-family homes were reported sold in October, down 25% from the same month last year: 247 condos were reported sold in Edmonton in October, down 7% from last year to the lowest total we've seen in at least 10 years. The average sale price for single-family homes was $434,123, down 1.6% from last year and the median price was down 3% to $373,900. The average sale price for condos was $218,349, down 10% from last year and the median price was down 13% to $200,000. The average price per square foot for single-family homes was equal to last year at $280 and for condos was down $16 to $217: The REALTORS® Association of Edmonton released their monthly report on the market today, which is summed up in this chart: Posted by Liv Real Estate on
Email Send a link to post via Email

Leave A Comment

Please note that your email address is kept private upon posting.