Flex Letter Sample

All Residential Unit Sales Increase 1.89% Year Over Year

AVERAGE SALE PRICES

$424,471 detached

$244,701 condo

DOWN 0.12% year-over-year

DOWN 3.23% year-over-year

Edmonton, September 5, 2018 - In the Edmonton Census Metropolitan Area (CMA), all residential average unit sales increased 1.89% compared to August 2017. Single family home sales increased 6.15% year over year. Condominium sales increased 0.5% relative to August 2017. The average all residential selling price decreased 1.38% to $364,925 compared to July 2018. Single family home average prices decreased 3.23% to $424,471 year over year. Condominium average prices decreased 0.12% compared to August 2017. “Both sales and listings typically decrease during August, as many buyers and sellers shift their focus on preparing for the new school year,” says REALTORS ® Association of Edmonton Chair Darcy Torhjelm. “As we move into the fall, buyers still have a lot of inventory to look at in all categories of residential properties. For sellers, they may have to be more patient and flexible when selling their properties, but they should still be able to get a good price for their house in the end.” Average days on market increased for most categories, indicating it continues to be a buyers’ market for the Edmonton CMA. Source: REALTORS ® Association of Edmonton

3,050 9,618

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

1,567

1,796

SOLD LISTINGS

DAYS ON MARKET

51%

64

853

SALES TO LISTING RATIO

Stats are Reflective of August 2018 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.

single family detached NEW LISTINGS condo

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

“The greatest compliment my clients can give me is the referral of family and friends!”

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