Courtesy of Phyllis Nichyporuk

Unit Sales and Average Prices Increase for the Spring Market Edmonton, March 2, 2018: Spring has hit the real estate market in the Edmonton Census Metropolitan Area (CMA), bringing strong unit sales and average price increases. When compared to January 2018, unit sales across all categories increased, with single family home sales increasing 22.97%, condo sales increasing 14.17% and duplex/rowhouse sales increasing 21.28%. The average price of a single family home was $442,206, which was an increase of 3.14% compared to January 2018 and an increase of 3.73% compared to February 2017. The average price of a condo was $236,808, an increase of 4% month over month and 1.48% year over year. The duplex/ rowhouse average price increased to $354,638, up 1.73% relative to January 2018 and up 2.62% relative to February 2017. “February turned out to be a busy month for REALTORS ® , which was reflected in the increases in sales activity and average prices across all categories of residential properties,” said Darcy Torhjelm, Chair of the REALTORS ® Association of Edmonton.

AVERAGE SALE PRICES

$442,206 detached UP 3.73% year-over-year

$236,808 condo UP 1.48% year-over-year

2,558 6,797

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

1,052

1,398

SOLD LISTINGS

DAYS ON MARKET

841

41%

65

SALES TO LISTING RATIO

Stats are Reflective of February 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 homes took an average of 59 days to sell, condos required 75 average days and duplex/

single family detached NEW LISTINGS condo

rowhouses needed 64 days to sell. Source: REALTORS ® Association of Edmonton

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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