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Derek Hulewicz & Associates
RE/MAX SELECT
12650-151 Avenue, Edmonton, Alberta
P: 780-220-4224
F: 780-457-2194
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Wednesday, January 5, 2011 - Edmonton Real Estate Market Update For December of 2010

Edmonton real estate market down slightly in December while number of sales lower than some anticipated.
 

The average price for a single family detached home was $355,270, down by 2 percent as compared to the price in November, and down by 3 percent as to December of 2009. The average condo prices also dropped by 2.7 percent to $223,454. Number of sales was lower than some thought 784 compared to 948 homes sold in December of 2009 while inventory has decreased to 5,721 residential properties for sale which is to be expected this time of year.
 

“Homebuyers are watching housing prices slide and may attempt to catch the market at the bottom by delaying their purchase but the low point is only evident about three months after it is reached,” said Larry Westergard, President of the REALTORS® Association of Edmonton. “Home sales are still happening each day and by waiting, the wary buyer may miss the ideal home.”

single detached homes average selling price for december of 2010

condos average selling price for december of 2010

inventory december of 2010

number of residential properties sold in december of 2010 graph

days on market december of 2010 graph
 

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

 

posted in Edmonton Real Estate Market Update at Wed, 05 Jan 2011 16:25:02 -0700



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Data last Updated: 2019-06-18 at 21:36:52 MDT America/Edmonton
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