Edmonton Market , May 4, 2015
Tuesday, May 5th, 2015Residential sales in Edmonton’s Census Metropolitan Area (CMA) are beginning to pick up with 1,597 in April 2015. That is up 10% from 1,453 in March but still down 13% from April 2014. Reported reported sales are up for duplex/rowhouse – which are up this month over 24%. Single family sales were 1,001 – down 13% over last April (1,147 reported). Condos took the biggest hit down 20% over last year with 432 sold.
Despite a decline in all residential sales, the average sale price was $337,270 up 3% from April last year. Single family dwellings sold for an average of $438,641 (up 2% from last April), condos for $252,935 (up 0.2% y/y) and duplex/rowhouses were $356,022 (up 7.23% y/y).
The end of month residential active inventory was 6,784 for the Edmonton CMA. April residential new listings were up 11% from last year at 3,298. Average days on market were 44 compared to just 42 in April 2014.
| April 2015 | M/M % Change | Y/Y % Change | |
| SFD2 average3 selling price – month | $438,641 | -0.05% | 2.39% |
| SFD median4 selling price – month | $410,000 | -0.61% | 2.24% |
| Condominium average selling price | $252,935 | 1.24% | 0.21% |
| Condominium median selling price | $235,000 | 1.29% | 0.00% |
| All-residential5 average selling price | $377,270 | 1.14% | 3.13% |
| All-residential median selling price | $359,000 | -0.28% | 2.57% |
| # residential listings this month | 3,298 | 4.63% | 10.78% |
| # residential sales this month | 1,597 | 9.91% | -13.02% |
| # residential inventory at month end | 6,784 | 14.13% | 38.17% |
| # Total6 MLS® System sales this month | 2,082 | 12.18% | -21.14% |
| $ Value Total residential sales this month | $673 million | 12.90% | -18.83% |
| $ Value of total MLS® System sales – month | $792 million | 13.34% | -19.22% |
| $ Value of total MLS® System sales – YTD | $2.4 billion | 53.48% | -14.55% |
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
