Edmonton Stats
Our preliminary look at the Edmonton real estate market shows a slight improvement in sales compared to last May; 909 single-family homes were reported sold in May, up 3.4% from last May: For the first time in quite a while, condo sales also increased year over year - 378 condos were reported sold in May, up 2.7% from last May. A recent report shows sales of new condos decreased in most of Canada last year, but Edmonton "lead the way" with a 48% year over year decrease. In the article, Patricia Arsenault, executive vice-president, real estate research consulting services for data solutions at Altus Group Ltd. said:"Although conditions are tough for those seeking to sell, weak demand combined with plenty of supply bodes well for house hunters in the coming months, as they are likely to find “favourable prices” for the homes they seek."The average price of single-family homes was down 4% from last May to $428,168 and the median price was down 3% to $387,000. The average price of condos was down 4% from last May to $232,522 and the median price was down 3% to $216,500. The average price per square foot for single-family homes was down $20 to $269 and for condos was down $10 to $225.
Great info and analysis. Thank you.
Posted by Chuck on Friday, June 7th, 2019 at 2:58amYou have westmount twice in the list
Posted by Tara on Friday, June 28th, 2019 at 6:28amI was just checking if anyone was paying attention ;)
Posted by Sara MacLennan on Friday, June 28th, 2019 at 11:25pmThanks for reading!
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