Courtesy of Jamie Kinney

Year-Over-Year Prices Remain Stable

AVERAGE SALE PRICES

$446,982 detached

$261,861

condo

Edmonton, August 2, 2017: In the Edmonton Census Metropolitan Area (CMA), average sale prices for single family homes decreased to $446,892, down 1.51% compared to June 2017. Average prices for condominiums rose to $261,861, a 0.68% increase compared to June 2017. Duplex and rowhouse average prices decreased to $343,883, a 1.87% decrease from June 2017. The number of all residential units reported sold was 1,622. Although this represents a month-over-month decrease of 13.12%, it also reflects a year-over-year increase of 0.37%. “It’s typical for unit sales to slow in July, which is shown in the year-over-year comparison,” says James Mabey, REALTORS ® Association of Edmonton Chair. “Inventory is still strong for buyers, and marginal adjustments in year-over- year prices indicate a stable market for sellers.” In July, inventory was 8,756, which was an increase of 2.04% from June 2017. Total new residential listings in June were 3,114. “Sellers must remain patient but mindful of their positioning in the market with many options for buyers to consider, so consulting with their REALTOR ® to remain competitive is essential,” says Mabey. The all-residential average days-on-market was 53 days. - Source: REALTORS ® Association of Edmonton

DOWN 0.44% year-over-year

UP 2.18% year-over-year

/

3,114 8,756

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

1,622

1,755

SOLD LISTINGS

DAYS ON MARKET

984

52%

53

SALES TO LISTING RATIO

Stats are Reflective of July 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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