Prices managed to go up by a small amount in March enen though the number of homes sold went down when compared to March of last year.

In the Single family home market, prices were up by 1.48% even though sales were down by 4.5% when compared to last March. The average price for a house was $438,880 while the median price was $412,500. It took on average 41 days for a house to sell in March. The amount of listings went up to 1,883 compared to 1,553 at this time last year, so buyers have more choice and can take their time when looking for a house. 

For condos, prices were up by 1.2% when compared to March of 2014. The average price of a condo was $249,841 and the median price was $235,000. It took an average of 48 days to sell a condo in Edmonton in the month of March. The number of sales was down by 13.9% when compared to March of 2014 and the number of listings is up with 969 active listings.

Even with all the negative news coming out on a daily basis about Aberta's economy, prices are stable. REALTORS® Association of Edmonton president Geneva Tetreault has a great explanation "The fact that our prices did not have the dramatic increases seen over the past few years in other cities like Calgary, Toronto, and Vancouver means we have not experienced the same overvaluation" 

We will keep you informed with all the latest statistics and real estate news.

All data is provided by the Realtors® Association of Edmonton

Posted by Robert and Shawna Eskiw on
Email Send a link to post via Email

Leave A Comment

Please note that your email address is kept private upon posting.