Courtesy of Sean Donlevy

FOCUS real estate

VOLUME 1 ISSUE 3

AVERAGE SALE PRICE

YEAR OVER YEAR UNIT SALES VOLUMES ON THE RISE

SINGLE FAMILY DETACHED

DUPLEX/ ROWHOUSE

CONDO

Edmonton, May 2, 2018 - In the Edmonton Census Metropolitan Area (CMA) in April 2018, month over month unit sales increased in most categories. Compared to March 2018, single family home sales increased 22.76%, condominium sales increased 12.09% and duplex/rowhouse sales increased 20.71%. 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%. Inventory also increased, up 13.58% month over month and 14.85% year over year. Total new listings in April was 3,470, up 0.32% relative to March 2018 and up 10.97% compared to April 2017. In total, there were 1,555 MLS ® System listed properties sold, which is an increase of 20.17% compared to March 2018 and 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 1.34% compared to March 2018 and down 2.48% relative to April 2017. The average price of a single family home was $429,116, a decrease of 3.37% month over month and a decrease of 2.39% year over year. Condominium average prices increased 5.63% compared to March 2018 and decreased 4.51% relative to April 2017. Duplex/rowhouse average prices decreased 7.33% month over month and decreased 9.48% year over year. Average days on market for all residential properties decreased to 57 days. For single family homes, the average days on market was 52. Condominium average days on market was 66. For duplex/ rowhouses, the average days on market was 59. Source: REALTORS ® Association of Edmonton

$323,906

$247,405

$429,116

DOWN 4.51% YOY

DOWN 2.39% YOY

DOWN 9.48% YOY

SALES TO LISTINGS RATIO

NEW LISTINGS TOTAL 3,470 ACTIVE LISTINGS TOTAL 8,788

ALL RESIDENTIAL

SOLD LISTINGS TOTAL 1,555

DAYS ON MARKET

52

SINGLE FAMILY DETACHED

66

CONDO

59

DUPLEX/ROWHOUSE

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