August 2016

Found 1 blog entry for August 2016.

July is traditionally a slow month for real estate in Edmonton, and this past month was no exception. However, even though there were fewer sales than June, the average price was distorted upwards with the sale of many high priced luxury properties. Here is what Steve Sedgwick had to say about this: “We can attribute much of the average price increase to the strength of high end home sales. When we look at the median price of residential properties, we see a clearer picture of what is happening to prices. The median sales price for all residential is up less than a percent from last year. We are continuing to see strong stable pricing throughout the Edmonton region despite slower sales.”

In the single family home market, the average price of $450,366

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