Courtesy of Phyllis Nichyporuk
Single Family Unit Sales Down Relative to 2017; Average Days on Market Increasing Edmonton, July 4, 2018 - In the Edmonton Census Metropolitan Area (CMA) in June 2018, the all residential average selling price was $377,880, decreasing 3.96% compared to June 2017. The average price of a single family home was $443,210, a decrease of 2.37% year over year. Condominium average prices decreased 8.55% relative to June 2017. Duplex/rowhouse average prices decreased 1.64% year over year. Unit sales activity for June 2018 decreased in all categories. Single family home sales decreased 10.27% year over year. Condominium sales decreased 9.59% compared to June 2017. Duplex/rowhouse sales decreased 7.18% year over year. Overall, the all residential sales were down 9.83% compared to June 2017. “Average prices are remaining stable, however sales are slower than typical for this time of year,” says REALTORS ® Association of Edmonton Chair Darcy Torhjelm. “With increasing inventory and days on market, coupled with decreasing sales, sellers will need to be patient and consider their homes’ competitive advantages to stand out in the current buyers’ market.” The average days on market for all residential properties was 56 days. Source: REALTORS ® Association of Edmonton
AVERAGE SALE PRICES
DOWN 8.55% year-over-year
DOWN 2.37% year-over-year
ACTIVE LISTINGS (residential inventory)
DAYS ON MARKET
SALES TO LISTING RATIO
Stats are Reflective of June 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.
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Phyllis Nichyporuk (Yurdiga) CNE ® , CCIDA, REALTOR ®
Cell: 780.819.7003 | Office: 780.457.3777 email@example.com www.homes4edmonton.com
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