Courtesy of John Braconnier

Numbers Give Clear Indication That Spring Market Has Begun

$194,101 apt./ condo UP 0.6% year-to-year

$517,313 detached UP 6.7% year-to-year

AVERAGE SALE PRICES

$282,557 row/ townhouse UP 13.9% year-to-year

3,597 NEW LISTINGS 2,467 SOLD LISTINGS

detached 2,131 668 detached 1,462 386

apt./ condo

apt./ condo

2.2 MONTHS OF INVENTORY

68.6% SALES TO NEW LISTING RATIO

39 DAYS ON MARKET

5,320 ACTIVE LISTINGS

Edmonton, April 2, 2024: There were a total of 2,467 residential unit sales in the Greater Edmonton Area (GEA) real estate market for March 2024. New residential listings amounted to 3,597, a number 32.4% higher than in February 2024. Total residential average prices came in at $420,959, a 3.4% increase from February 2024, and an 8% increase from March 2023. Detached homes averaged $517,131, increasing 1.7% from February 2024 and up from the previous year by 6.7%. Row/townhouse prices were up 2.5% from February 2024 and 13.9% when compared to March 2023, selling at an average of $282,557. Apartment Condominium average

prices hit $194,101, increasing 7% over last month and coming in 0.6% higher than the previous year. “It’s great to see an increase of just over 30% for new listings last month, but our overall inventory is still lower than last year by 15%.” says REALTORS ® Association of Edmonton 2024 Board Chair Melanie Boles. “Unit sales numbers are still strong, but not outpacing the new listings; they’re actually very balanced with each other and that’s positive for both buyers and sellers.” Overall, all residential listings averaged 39 days on the market. Statistics reflect market activity in March 2024 | Source: REALTORS ® Association of Edmonton | 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. PICKLEBALL ANYONE? At some point in the last couple of years, you've probably heard of the latest sport taking over the country - pickleball. A sport that required no skill and relatively no special equipment to start, anyone can head to a local gym or league to partake in the sport that is a mix of tennis, badminton and ping-pong. Played on a badminton-sized court (indoors or outdoors) with a paddle and a plastic ball that has holes in it, like a whiffle ball, the sport is great for singles or doubles. If you're looking to try out the sport, players say it is really easy to learn the rules and you can make the game as intense as you'd like. Start by finding an athletic pair of shoes that offer foot support and have good grip to prevent slips on the court. Check with your local gym or community center to see if they provide equipment for the sport

or if you need to purchase your own paddle and ball. Paddles and balls can be purchased online or at most sporting goods stores.

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