Courtesy of Jamie Kinney

Average Prices Hold as September Unit Volumes Reflect Interest Rate Adjustments Edmonton, October 3, 2017: September’s all residential average sale price in the Edmonton Census Metropolitan Area (CMA) showed month-over-month consistency and was comparable to September 2016. The average condo sale price was $252,313, for a year-over-year decrease of 0.31%. For single family detached sales, the average price was $430,644, for a year-over-year increase of 0.17%. The average duplex / townhouse selling price fell by 3.52% month over month and 5.55% year over year. “Despite a slowdown in sales, it is encouraging to see duplexes, townhouses and condo sales rise compared to last September,” says James Mabey, Chair of the REALTORS ® Association of Edmonton. “Traditionally, these are the properties that attract first time buyers and a strong entry- level market is a good indicator of consumer confidence. Inventory is strong for these types of buyers to make their move, especially for condos.” On average, single family detached homes sold in 53 days, condominiums sold in an average 67 days and duplexes / townhouses sold in 62 days. Source: REALTORS ® Association of Edmonton

AVERAGE SALE PRICES

$430,644 detached UP 0.17% year-over-year

$252,313

condo

DOWN 0.31% year-over-year

/

2,800 8,361

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

1,341

1,633

SOLD LISTINGS

DAYS ON MARKET

860

48%

58

SALES TO LISTING RATIO

Stats are Reflective of September 2017 Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home. Source: REALTORS ® Association of Edmonton

single family detached NEW LISTINGS condo

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