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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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Thursday, February 3, 2011 - Edmonton Real Estate Market Update For January of 2011

Edmonton real estate market remains stable in January.

Despite the cold weather and the large amount of snow, Edmonton and area buyers were out there shopping for their future homes in January. There were times where some of us couldn’t even get out of our own driveways, never mind looking at properties. I have helped pushing more vehicles including my own this year that in the last decade. Surprising enough, we have had dissent amount of sales last month and the market remains stable.

The average price of single family home in January was $356,276 which is almost identical to last month’s price of 3$355,270. Condos on the other hand were down by one percent seating at average price of $220,994. The average days-on-market have increased to 67 days from 53 in December of 2010. Number of residential sales was 735 properties sold while the inventory was down by 1.5 percent to 5,633 homes for sale. Now looking at some of the graphs below should give us a better idea what is going on in the Edmonton real estate market….

single detahced houses average selling price for january 2011

 

edmonton condos average selling price for january 2011

 

inventory edmonton homes january of 2011

 

number of edmonton residential sales for jaunary of 2011

 

edmonton average days on market january of 2011
 

posted in Edmonton Real Estate Market Update at Thu, 03 Feb 2011 08:58:44 -0700



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