We are seeing increased prices across the board – Single Family Houses, Condos, and Row houses, however the number of sales have slowed down, but what does all this really mean?
Single Family detached homes are basically seeing for every 2 listings on the market 1 is selling within average time of 48 days.
Condos are seeing approximately for every 5 listings 2 are selling within the average time of 60 days.
Row Houses/Duplexes are also seeing approximately for every 2 listings 1 unit is selling in an average of 64 days.
In summary the number of sales are down overall from April 2016 but we are seeing a promising increase in activity. Average Sales prices are up, the number of days properties are listed on the market are unchanged and overall…
Edmonton's real estate market continues to strengthen even into the winter months and even more impressive November's average sale price was second highest all year, with the exception to the month of July. Single family homes and duplex/rowhouses saw increases in overall prices though condos experienced a minor decrease in price, not bad for November!
In our experience winter months bring serious buyers and sellers, so if your thinking about making a move contact our team to discuss your options.