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Housing prices begin seasonal slide, but rise over 2013

Edmonton, August 5, 2014:

The Single Family Detached (SFD) average price in July was down 2% from June at $426,716 and the All Residential average price was off 2.6% from June at $362,091 in the Edmonton . Condo prices were stable month-over-month at $254,654 and duplex/rowhouse average prices rallied with a 5% lift to $360,309.

Residential sales were up year-over-year from 1,835 in July 2013 to 2,013 (up 9.7%) with SFD sales (1,179) up compared to the same month last year by 4.8%.

Condo sales of 639 units were up 15.4% and duplex/row house sales were up 27.7% compared to July 2013.

There is adequate supply with over 5,600 residential properties in inventory.

The average days-on-market was up slightly to 46 days in July as compared to 41 days in June. The sales-to-listing ratio was 69%: slower than the 75% last July.

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Highlights of MLS® System activity (for all-residential sales in Edmonton CMA1)

 

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