October slumps with decreased price averages and sales in the Greater Edmonton area

Posted by Robert and Shawna Eskiw on Tuesday, November 6th, 2018 at 5:00pm.

Overall sales are down from last month and from October 2017.  As a result we have had to have some serious heart to heart and difficult conversations with our sellers.  Sales for Single family homes are down by 14.86% from 2017, average prices have dropped by 3.08%, current days on market is sitting at 62 days.

Duplex and Rowhousing has been hit the hardest with average sale price of $333,215.  Sales dropped 30.77% looking at last October and current days on market is 66.

Condos held their own and proved to be the best segment from September to October increasing their sales but still were down from last year by 4.92%.  Average days on the market is 72.  

See the infographic for a complete picture.  

 

We would be happy to discuss our current market trends.  Stay tuned to our facebook page and YouTube Channel for the upcoming video with tips to help seller in this difficult selling market.  

We’d love to hear from you, send us your questions or comments. 

Shawna & Robert 

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