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Derek Hulewicz
RE/MAX SELECT
12650-151 Avenue, Edmonton, Alberta
P: 780-220-4224
F: 780-457-2194
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Tuesday, November 2, 2010 - Edmonton Real Estate Market Update

Edmonton real estate market remains stable while inventory and number of sales are slightly down!

This is good news for everyone in these uncertain times. Many have speculated and expected a decrease in home prices in Edmonton, however, the data tells us otherwise. It will be very interesting to see how the rest of the year will unfold and beginning of 2011 should definitely give us a better picture of things to come. I, personally, tend to be optimistic not only on Canadian economy but specifically on the province of Alberta.

Larry Westergard, president of the REALTORS® Association of Edmonton said today: “Stability is the key word for the Edmonton housing market”

Single family homes were selling on average for $365,691 compared to $370,653 in September, while condos sold for $235,893 compared to $238,822, reported today REALTORS® Association of Edmonton. Residential sales were down to 1,077 from last month, as expected this time of the year. Inventory was also down to 7,689 properties for sale compared to 8,650 homes in September of 2010, always a good news for the sellers. We have seen an increase in days-on-market to 60 from 57 in September and 44 same time last year.
 

single detached homes edmonton market report october 2010

 

cedmonton condos average selling prices october 2010

 

number of residential sales edmonton housing market october 2010

 

edmonton housing inventory october 2010

 

day on market data edmonton housing october 2010

posted in Edmonton Real Estate Market Update at Tue, 02 Nov 2010 14:54:09 -0600



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Data last Updated: 2019-08-25 at 19:21:53 MDT America/Edmonton
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