Real Estate Market Reports – March 2018
Hi folks,
Thanks for popping by again. There has been a few glitches int he system lately and I haven’t been able to post, so getting back to your regularly scheduled program here, let’s start with the Market Stats for Edmonton, ending February 28, 2018.
The Residential average is creeping up. $374,469 a 3.5% increase year over year and a 3.99% increase from last month. The market is warming up, just like spring.
Residential single family dwellings have increased 3.85% since last year and 4.07% over last month.
Condo dwellings, not such good news for us, but it could be worse, year to year we have dropped 0.04% to $235,694.
Rowhouses and Duplexes are sitting at an average of $365,537 down 0.26% from last year and down 0.30% from last month.
Highest sales for February?
Single Family – $1,620,192 Condos – $900,000 Duplex/Rowhouse – $675,000
Average days on market?
Single Family: 64 Days, same as last year
Condos: 76 Days, creeping up from last year
Duplex/Rowhouse: 65 Days, creeping up from last year
Quantity of New Listings?
1,904 new listings for a total of 5,038 listings on market
Sales in February?
778 sales – which shows 6.48 Months of inventory on market.
Price your homes right. It will matter.
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