October real estate report edmonton

 

As the busy fall season has officially wrapped up we are looking forward to the winter and holiday season coming up. This is an exciting time of year at Holland & Associates.
We have put together some information about the October Real Estate Market here in Edmonton, AB.
In October….
The average price for residential properties in October 2017 was $370,484 up by a slight 0.06 from September. While the amount of homes sold since laster is down, the amount of new listings from last year is up.
The average days on the market didn’t see a drastic shift from last year with the the average residential at, the exact same as last year. Condos stayed on the market two days longer than last year, while single family homes and duplex/townhomes were on the market slightly less longer from 2016.
The most expensive single family home sold in the city went for $2.15M and the highest priced condo sold for $925,000.
 
October 2017
M/M % Change
Y/Y % Change
SFD2 average3 selling price – month
$431,654
0.23%
1.44%
SFD median4 selling price – month
$390,000
-1.58%
-0.74%
Condominium average selling price
$242,887
-3.74%
-0.45%
Condominium median selling price
$231,250
2.82%
1.47%
All-residential5 average selling price
$370,484
0.06%
1.72%
All-residential median selling price
$347,000
0.29%
-0.29%
# residential listings this month
2,362
-15.64%
10.68%
# residential sales this month 
1,339
-0.15%
-2.90%
# residential inventory at month end
7,691
-7.11%
7.70%
# Total6 MLS® System sales this month
1,724
-1.93%
-3.85%
$ Value Total residential sales this month
551,695,331
-0.85%
-2.88%
$ Value of total MLS® System sales – month
646,449,511
0.63%
-0.79%
$ Value of total MLS® System sales – YTD
6,987,292,388
10.15%
0.10%
Are you looking to learn more about the current market or would like a free market evaluation?  Let us help you make it as easy as possible.  Contact us today for more information. 

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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.