Courtesy of Phyllis Nichyporuk

Year Over Year Residential Unit Sales and Average Prices Decrease Edmonton, November 2, 2018 - In the Edmonton Census Metropolitan Area (CMA), the all residential unit sales decreased 13.61% year over year. Average prices also declined in October. The all residential average price was $358,954, a year over year decrease of 3.08%. The average price of a single family home was $425,864. Duplex/rowhouses

AVERAGE SALE PRICES

$425,864 detached

$221,293 condo

DOWN 8.80% year-over-year

DOWN 1.30% year-over-year

2,438 8,363

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

1,155

saw an average price of $333,215. Condominiums also decreased to an average price of $221,293, down 8.80% compared to October 2017.

1,398

SOLD LISTINGS

“Some of the market decreases are a result of slower sales coupled with higher inventory and listings, as well, it is also common for both prices and sales to begin to decrease at this time of year due to seasonal market fluctuations,” says REALTORS ® Association of Edmonton Chair Darcy Torhjelm. “As we move towards the end of the year, we will likely see average days on market grow with inventory remaining higher.” New listings and overall inventory are down compared to September 2018. When compared to October 2017, both categories were up. New listings increased 4.05% and inventory increased 8.50% year over year. Source: REALTORS ® Association of Edmonton

DAYS ON MARKET

47%

700

67

SALES TO LISTING RATIO

Stats are Reflective of October 2018 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.

single family detached NEW LISTINGS condo

HOME STAGING CONSULT WITH EVERY LISTING!

Phyllis Nichyporuk (Yurdiga) CNE ® , CCIDA, REALTOR ®

Cell: 780.819.7003 | Office: 780.457.3777 phyllis@homes4edmonton.com www.homes4edmonton.com

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