Prices and sales were fairly stable in August when compared to July and August of 2015, despite the fact that the Alberta economy is showing no signs of improvement. Even though it has been almost two years since oil prices crashed, the Edmonton real estate market has been quite resilient and prices have suffered only minor decreases. 

The Chair of the REALTORS® Association of Edmonton says “Alberta’s economy has been under enormous pressure for some time, but the residential real estate market in the Edmonton Census Metropolitan Area continues to hold. Prices and unit sales for all residential homes are consistent with last year, down less than 1% and 2% respectively,” 

In the condo market sales were down by 1.1% compared to August of 2015 and down by 2.3% compared to July. The average price was $251,526 and it took an average of 62 days to sell. There were 406 condos sold which is a decrease of 2.3% compared to August of 2015, and the median price was $235,000

For single family homes, the average price came in at $434,362 with 861 sales which is a drop of 7.3% compared to last August. The average price dropped by less than 1% from August of 2015 and by 3.5% compared to July. The median price was $400,000 and it took an average of 49 days to sell.

As usual have a look at the infographic for more details 

Posted by Robert and Shawna Eskiw on
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