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Archive for October, 2016

Edmonton Real Estate Market Reports for October 2016

Thursday, October 27th, 2016

Edmonton Real Estate Market Reports for October 2016

Autumn is upon us which means that winter is soon coming.  Let’s enjoy these last few weeks of harvest and pumpkins, hot apple cider and cinnamon.  As you prepare for Halloween festivites, don’t forget to start winter-proofing your home.

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EDMONTON MARKET REPORT for October

*stats as of September 30, 2016

Last September (2015) we had 2,747 new listings come on the market and a total of 7,108 properties for sale.  This September 2,739 new listings appeared for a total of 7,857 homes on market. This is continuing last years trend with an abundance of properties for sale, and folks looking to move around at 5.87 months of inventory.

Last September (2015) a total of 1,543 homes sold in the Edmonton area.  This September 1,339 SOLD.  About the same number of sales.

Average Days on Market – 57, last year we were at 54 days, a decrease of 5.26%

Odds of Selling – 1,339 out of 7,857 listed, down 21.28% from last year, down 11.92% from last month

Average Selling Price:

     Condo Apartment: $251,365

     Condo Townhouse: $360,338

     Single Family Dwelling: $430,461and the

Average selling price in the City of Edmonton is $373,926, up 1.53% from last year and up 1.20% from last month.

Home Sales by Price Range: The highest percentage of properties are and have the tendency in Edmonton to sell in the $300,000-$399,999 price range, and this year 34.27% of homes have sold in this price range. Second position goes to the $400,000-$499,999 price range at 20.59%.  Third place is the $200,000-$299,999 and 20.36%. These haven’t changed very much from month to month as this works in with Edmonton average earnings per family.

53 Years average of price increase for the City of Edmonton is 6.86%.

Prices have gone up for this year by 0.59%. A small reduction in the high end luxury market in Edmonton, in comparison to what is going on in the rest of our province.

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To download your full copy of this report – click here.