The Edmonton real estate market was certainly resilient in 2015 with all the turmoil in the economy. Prices remained strong throughout the year even though we had a higher inventory and less activity in the market. December was fairly slow with fewer sales, as is normal for the holiday season.
There were 435 single family houses sold in December with an average price of $424,629 and a median price of $385,000. The average price was down 1.2% when compared to December of 2014. On a percentage basis, sales were down by 4% when compared to December of 2014. The average days on the market was 63 days.
For Condos, it took 62 days to sell, and there were a total of 202 apartment style condos sold in December. The average price was $248,956 and…
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