Courtesy of Jay Cooper

MLS ® Sales Up Year- Over-Year While Market Remains Stable Edmonton, October 2, 2019 - Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of September 2019 increased 5.72% compared to September 2018. The number of new residential listings is also up, growing 1.67% from September 2018. Overall inventory in the Edmonton CMA fell 9.72% from September of last year. Single family home unit sales are down 2.91%, unit sales of duplexes are up 7.52%, and condo unit sales jumped 26.78% from the same period of time last year. All residential average prices are down slightly at $351,526, a 6.06% decrease from September 2018. Single family homes sold for an average of $420,406, a 2.16% year-over-year decrease from September 2018. Condominiums sold for an average of $217,665, a 9.82% drop year-over-year. Duplex prices are virtually unchanged from last year at $343,230. “The Edmonton market continues to remain stable, with slight decreases in prices across all property types,” says REALTORS ® Association of Edmonton Chair Michael Brodrick. Overall, all residential listings averaged 63 days on market. - Source: REALTORS ® Association of Edmonton

AVERAGE SALE PRICES

$217,665 condo

$420,406 detached

DOWN 9.8% year-over-year

DOWN 2.2% year-over-year

2,740 8,514

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

SOLD LISTINGS 1,387

1,612

DAYS ON MARKET

51%

63

746

SALES TO LISTING RATIO

Stats are Reflective of September 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.

single family detached NEW LISTINGS condo

Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright© 2019 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.

Made with FlippingBook flipbook maker