Prices Were Up In November For Single Family Homes

Posted by Robert and Shawna Eskiw on Sunday, December 7th, 2014 at 9:37pm.

 

Prices for single family detached homes were up sharply by 3.76% when compared to October with an average price of $442,884. When compared to November of 2013 when the average price was $405,826 prices are up by 9%

The average price for Condos was $255,167 which is actually down by 2% from October when the average price was $260,491. However, when you compare November of 2014 to November of 2013 prices are actually up by 5.3%

In November it took an average of 54 days for all residential properties to sell. This number includes single family homes, condos, and duplexes. In November of 2013 it took an average of 57 days to sell a home.

 As of today there are 2139 Single family homes on the market (active listings) in the greater Edmonton area, while there are 1251 condos actively listed.

 In total there were 1137 residential sales in the month of November which includes single family homes, condos, and duplexes

 Have a look at the charts below to see how prices are doing compared to last year

 All data is provided by the Realtors® Association of Edmonton

 

 

 

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

Shawna & Robert 

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