For the most part The City of Edmonton, St. Albert and Surrounding Areas have been very resilient despite all the uncertainty that abounds.
Since January of this year the average* price of a single family detached home has risen from $357,540 to $379,409 while the all-residential price has risen from $308,497 to $330,297. A stronger showing in prices rising consistently as compared to the levels set in the past two years.
Prices in June were generally stable.
- Single family homes were up 0.31% from $378,239 to $379,409.
- Condo prices dropped from $239,782 to $231,852 (down 3.3% after rising 3.1% in May).
- Duplex and row house prices climbed slightly from $295,334 to $296,689.
- The all-residential average price dipped 0.5% during the month of June.
There were 1,768 residential sales in June within 3,260 listings. Promoting a sales-to-listing ratio of 54%. This is compared to 53% in May.
Right now there are currently 8,432 residential properties in the MLS® System inventory and it could take a little longer to sell that property since the average days-on-market is now at 53 days rather than the 50 days in May.
For more information regarding these and other statistics, please contact:
CENTURY 21 Reward Realty
* Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end.