Home Trends from Tyson Moroz

ROYAL L e PAGE NORALTA REAL ESTATE

Tyson Moroz

MLS® LISTINGS DOWN, CONDO PRICES UP SLIGHTLY Edmonton, December 3, 2019 - Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of November 2019 are virtually unchanged compared to November 2018’s 1,334 sales and decreased 17.47% from October 2019. The number of new residential listings is down, dropping 12.59% from November 2018. Overall inventory in the Edmonton CMA fell 9.31% from November of last year. Single family home unit sales are down 5.82% and condo unit sales increased 12.50% from the same period of time last year. All residential average prices are down slightly at $353,838, a 2.32% decrease from November 2018. Single family homes sold for an average of $420,650, a 0.24% year-over-year increase from November 2018. Condominiums sold for an average of $228,113, a 3.37% increase year-over- year. Duplex prices dropped 7.99% from November 2018, selling at $322,330. “The Edmonton market prices remain stable with a decrease in year-over-year residential listings,” says REALTORS® Association of Edmonton Chair Michael Brodrick. Overall, all residential listings averaged 69 days on market, a 1.43% decrease year- over-year, and increased by four days from the previous month.

AVG. SALE PRICE SFD 1 $420,650

AVG. SALE PRICE Condo $228,113

ACTIVE LISTINGS 7,923

AVERAGE DOM 2 69

1 SFD = Single Family Dwelling 2 DOM = Days on Market Source: REALTORS® Association of Edmonton MarketvaluesstatedareoftheaverageofEdmonton 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.

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Cell: 780.920.0550 | tyson@royallepage.ca

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