UPDATE - The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate Market this week showing fairly stable prices amidst lower than normal sales. As we've been discussing on this blog all year, the big story in Edmonton is inventory, which is well above normal levels. Meanwhile, builders have been busy adding new homes to the inventory available for sale. Demand has been somewhere between average and below average so far this year. Throw in rising interest rates, and a shrinking population (?), real estate is hanging in there pretty well. Here's our snapshot of the Greater Edmonton Area real estate market in September:   And our charts showing trends and comparisons:

Edmonton Stats:

Our preliminary report on the real estate market in Edmonton in September shows single-family home sales were sluggish; 652 homes were reported sold, 11% less than less September. Condo sales were almost unchanged from last year; 280 condos were reported sold in September compared to 278 last year. The average price of single-family homes sold in September was $427,140, down 0.2% from last year, and the median price was down 1% to $385,000. The average price of condos homes sold in September was $251,817, down 0.3% from last year, and the median price was down 4.5% to $220,000. The average price per square foot for single-family homes was $286, up from $276 last year, and condos were $247 per square foot, up from $238 last year:   Posted by Liv Real Estate on
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Please, Lord, give me one more oil boom....

Posted by Trev on Monday, October 2nd, 2017 at 2:56am

Hi Sara- if 652 houses sold and 280 condos, what makes up the balance of the 1341 sales? Thanks!

Posted by Trev on Saturday, October 7th, 2017 at 2:41am

Obviously duplexes and row housing- but curious where the line is drawn. Are condominium bungalows considered condo, SFH, or??? Are row-house condos considered condos, or are they in with duplexes etc? Thanks.

Posted by Trev on Saturday, October 7th, 2017 at 2:46am

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