Flexletter-Stats Sample

Unit Sales And Average Prices Up In February Edmonton, March 4, 2019 - When compared to January 2019, unit sales across all categories increased, with single family home sales increasing 23.31%, condo sales increasing 26.05% and duplex/rowhouse sales increasing 17.53%. Average unit prices rose from last month, but are down from February 2018. The average price of a single-family home was $430,000, which was an increase of 6.36 % compared to January 2019. The average price of a condo was $222,267, an increase of 1.64% from January 2019. Duplex/townhouses saw a small decrease from January 2019, with the average price falling 0.24% to $321,288. “February tends to see the start of an increase in unit sales in the real estate market following the sluggish winter months, and this year is no different,” says REALTORS ® Association of Edmonton Chair Michael Brodrick. “Inventory remains high and compared to last year the market is still lagging, but we are hopeful the traditional upward trend for spring holds true this year.”

AVERAGE SALE PRICES

$222,267 condo

$430,000 detached

DOWN 6.6% year-over-year

DOWN 2.7% year-over-year

2,427 7,422

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

SOLD LISTINGS 986

1,432

DAYS ON MARKET

41%

682

73

SALES TO LISTING RATIO

Stats are Reflective of February 2019 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.

Days on market decreased for all home types compared to January 2019. Overall, the average days on market for all residential properties was 73. Source: REALTORS ® Association of Edmonton

single family detached NEW LISTINGS condo

phone: 800.309.1747 fax: 780.486.1421 email: arnoldsmith.ca web: www.arnoldkennedy.com

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