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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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Friday, December 3, 2010 - Edmonton Real Estate Market Update

Edmonton real estate market is down slightly in November while the inventory has declined. The average price of a single family detached home was down to 362,657, which is 2.5 percent lower than in November of 2009. Condos prices are also lower by 3 percent compared to last year and an average price in November was $229,603.

Even though we have seen lower number of sales this year and longer “days on market”, the average prices and overall housing market remains stable. There were 1,220 residential sales through the Edmonton Multiple Listing Service® as compared to 1,261 in November of 2010. The sales-to-listing ratio was 66% and the average days-on-market was 59 days, one day lower than in October.
 

“It seems that Edmonton is out of phase with the rest of the country and is lagging slightly in comparison to other major markets,” said Westergard. “All the indicators suggest that an increase in real estate sales is right around the corner. Your REALTOR® will continue to monitor the local market and provide appropriate advice for each specific property.”

 

single detached homes average selling price november 2010

 

condos average selling price november 2010

 

edmonton inventory november 2010

 

number of residential sales november 2010

 

average days on market ratio november 2010

 

Edmonton Real Estate Web

Derek Hulewicz, REALTOR®, 780-220-4224
Data provided by REALTORS® Association of Edmonton

 

posted in Edmonton Real Estate Market Update at Fri, 03 Dec 2010 08:29:55 -0700



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