"Investors can expect to generate a positive cash of about $300 to $700 a month after costs in monthly rent based on the average price of a home in the city. At the same, investors can also expect to build equity with each mortgage payment amid a marketplace where home values and rents are on the rise."
Edmonton Stats
Single-family homes sales have started their annual decline, but are still above normal levels for this time of year. 1,061 single-family homes were reported sold in June, up 12% from last year.
Edmonton condo sales bounced back in June, to a level we haven't seen since 2016. 446 condos were reported sold in June, up 34% from last year and roughly average for the past 10 years.
The average price of condos reported sold in June was $239,349, but that is about $5000 higher than what I would consider the actual average because a detached condo sold for over $2million (the average price is $234k if you remove that sale). The median price for condos was up 7.6% to $220,000.
The average price/square foot for single-family homes was up $22 to $291 and for condos was up $10 to $222.
Posted by Liv Real Estate
on
This is very positive. And we still have a long ways to go to catch up to other urban Canadian centers. The next few years are going to be bonkers.
Posted by Tom on Friday, July 2nd, 2021 at 6:42am[…] average price of single-family homes this week! Luxury sales are definitely on the rise – check out our monthly report for more […]
Posted by Weekly Market Update Jul.2/21 - The Edmonton Real Estate BlogThe Edmonton Real Estate Blog on Friday, July 2nd, 2021 at 7:19amNothing to get excited about.
Posted by GM on Monday, July 26th, 2021 at 8:37pmComparing prices from last June is useless.
Prices last June were way down from the previous year, making a 15% JUMP IN PRICES!!! ridiculous.
Prices were down by that much and more from June 2019.
We're pretty much back to where we were in 2017.
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