Our preliminary look at the real estate market in Edmonton in January shows sales and prices down, after an extended period of higher than normal inventory and lower than normal demand. 369 single family homes were reported sold in Edmonton in January, down 15% from last January. Last January sales were slightly higher than normal, as buyers wanted to get into the real estate market before the new "stress test" mortgage rules came into place. If you look at January 2015-2017, the number of single family sales this January were in the normal range. 183 condos were reported sold, down 18% from last January. The average sale price of single family homes was down 5% from last January to $391,815 and the median price was down 1.3%. The average price for condos was down 10% from last January to $212,600 and the median price was down 6% to $197,500. Benchmark prices were down 2.65% from last January for single family homes, 6.92% for townhouses and 2.39% for condos: The average price per square foot for single family homes was down $20 from last January to $252 and for condos was down $10 to $213.   Posted by Liv Real Estate on
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