Keith Madsen's Home Trends
K EITH M ADSEN
Year Over Year Unit Sales Volumes on the Rise Edmonton, May 2, 2018 - In the Edmonton Census Metropolitan Area (CMA) in April 2018, month over month unit sales increased in most categories. When comparing year over year unit sales, single family home sales increased 7.65%, condominium sales decreased 3.06% and duplex/rowhouse sales increased 15.75%. Year over year sales for all residential properties increased 5.78%. Total new listings in April was 3,470, up 10.97% compared to April 2017. In total, there were 1,555 MLS® System listed properties sold, which is an increase of 5.78% in April 2017. “We are in the busiest season for real estate in Edmonton, so sales is consistent with seasonal market trends,” says Darcy Torhjelm, REALTORS® Association of Edmonton Chair. The all residential average price was $369,258, down 2.48% relative to April 2017. The average price of a single family home was $429,116, a decrease of 2.39% year over year. Condominium average prices decreased 4.51% relative to April 2017. Duplex/ rowhouse average prices decreased 9.48% year over year. Average days on market for all residential properties was 57 days. ~ Source REALTORS® Association of Edmonton Read the Full Market Analysis Call if you’d like to find out more about your home and neighbourhood.
*SFD = Single Family Dwelling *DOM = Days on Market 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. Average Price SFD* $429,116 DOWN -2.39% (YOY) Average Price Condo $247,405 DOWN 4.51% (YOY) Average DOM 57 Sales to Listing Ratio 45%
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