Edmonton Real Estate Market Better Than Stable…
According to the Edmonton Real Estate Board, ” Stability in Edmonton housing market continues in February. Prices for residential property sold through the Edmonton Multiple Listing Service® changed marginally through February. Sales activity, however, was up dramatically when compared to last month or the same month last year.
The average* single family dwelling price was $369,573 for February up just 1.4% from January; 5.6% from a year ago. Condominium prices dipped 3.8% in the month from $240,686 to $231,530. Duplex and rowhouse prices were up 3.3% to $315,390.”
Perhaps saying that the Edmonton Real Estate market is “stable”, is a little conservative! The Terry Paranych team personally had record sales for the month of February, the market was really terrific and we felt it was definitely more than stable. Well priced homes are receiving multiple offers. We are seeing new inventory selling at a rapid speed and are looking forward to the booming spring market for Edmonton Homes and Condos.
Things are great for Edmonton and the real estate market!
Highlights of MLS® activity:
| February 2010 activity | Record for the month* | % change from February 2009 |
| Total MLS® System sales this month | 1,312 | 10.30% |
| Value of total MLS® System sales – month | $417 million | 10.50% |
| Value of total MLS® System sales – year | $750 million | 14.10% |
| Residential¹ sales this month | 1,184 | 7.60% |
| Residential average price | $316,765 | 2.00% |
| SFD² average selling price – month | $369,573 | 5.60% |
| SFD median³ selling price | $355,000 | 5.90% |
| Condo average selling price | $231,530 | 0.80% |
¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices
* Average prices indicate market trends only. They do not reflect actual prices, which may vary.
To read the Edmonton Real Estate Boards full report, visit: www.ereb.com
