Flat line for Edmonton real estate market?
The average price for single detached home in January was 367,747, half a percent lower than in December of 2009, while condos were selling for 239,006, 2 percent lower than last month. Total sales were down by 6.8% to 884 properties sold through the MLS® SYSTEM while new listings have doubled. Inventory stood at 4,864 homes while average days-on-market have increased by 12% to 57 days.
More graphs and stats at Edmonton Real Estate Info
January of 2010 was fairly steady for Downtown and Oliver condos. 36 condos have sold through the MLS® System, that is 7% less than last month and 23% more than in January of 2009, ranging in price from 112,000 to 605,000 with only one unit selling above 500K mark. The price per square foot was down 3 percent and 9.7 % higher compared to January of last year. The average sold price was 299,490 / 291 per sq.foot and list price 309,855 / 301. The inventory was up from 153 condos to 208, ...