Edmonton Real Estate Sales were high in November

Posted by Gurpreet Ghatehora on Wednesday, December 11th, 2013 at 12:55pm.

Edmonton Real EstateWinter did not slow Edmonton real estate sales in November according to figures released by the REALTORS® Association of Edmonton. One month sales in November were the highest in five years. The figures are based on sales through the Multiple Listing Service® System in the Edmonton CMA.

The number of all-residential sales in the Edmonton CMA in November (adjusted to account for late reported sales) was 1,116 highest number of sales in the month since 2009. There were 672 (622 reported) Edmonton sales of single family homes, 349 (323 reported) condo sales and 83 (77 reported) duplex/row house sales in November. Total residential sales were up 10.5% over November 2012 with SFD sales up 7.9% and Edmonton condos sales up 13.7%.  

The average days-on-market was 57, up four days from last year. The sales-to-new listing ratio was 75% as compared to 77% in November 2012.

MLS® System Activity (for all-residential sales in Edmonton CMA1)

November 2013

 

 M/M % Change

 Y/Y % Change

SFD2 average3 selling price – month

$405,826

2.10%

2.80%

SFD median4 selling price – month

$376,000

0.30%

2.20%

Condominium average selling price

$240,630

2.10%

6.90%

Condominium median selling price

$222,000

-0.30%

0.90%

All-residential5 average selling price

$346,388

2.60%

3.50%

All-residential median selling price

$324,700

-0.80%

1.90%

# residential listings this month

1,378

-23.90%

5.50%

# residential sales this month (reported)

1,033

-23.30%

2.30%

# residential inventory at month end

4,047

-15.80%

-10.40%

# Total6 MLS® System sales this month

1,396

-23.70%

3.64%

$ Value Total residential sales this month

$413 mil.

-20.00%

6.92%

$ Value of total MLS® System sales – month

$497 mil.

-20.30%

8.72%

$ Value of total MLS® System sales - YTD

$7.661 bil.

7.70%

8.88%1 Census Metropolitan Area (Edmonton and surrounding municipalities)

2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

3 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period sales figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact your local REALTOR®.

 

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