Russian Edmonton Real Estate

July 2015 stats from Edmonton real estate board:

AVERAGE-DAYS-ON-MARKET–50-Days
SALES-TO-LISTING-RATIO–53%
HOMES-LISTED-FOR SALE-OVER $1M–190 homes
HOMES-SOLD-YTD-OVER $1M-70 homes
PRICES DIP AS RESULT OF HIGHER INVENTORY

статистика за июль 2015

количество дней на маркете –50-Days
отношение продаж к листингам –53%
количество домов, дороже миллиона на рынке –190 homes
количество ПРОДАННЫХ домов, дороже миллиона с начала года -70 homes
цены понизились из-за большого количества домов на рынке

Edmonton, AUGUST 4, 2015: Prices for all residential properties in the Edmonton for July were down from the previous month
.
The average all residential price was $372,910 (down 1.4% from June) due mostly to the drop in price of single family homes to $436,948 (down 1.8%). The drop was not felt across all categories with condo prices up 0.4% at an average of $256,708 and duplex/rowhouse prices up 1.4% from June at an average of $356,237.
While all residential average prices were down month over month, they still remained 3.3% higher than July of last year.

With reported all residential sales in July down 9.8% from June and down 2.8% from last year, average days on market is up to 50.
This is up from 46 average days on market in July 2014.
Single family dwellings spent an average of 48 days on market in July of 2015, duplex/rowhouses were at 43 days, and condos at 54 days.
“We have seen the biggest drop in condominium sales year to date at 14%. That drop coupled with an increase of condo listings of 17% explains why condos are taking longer on average to sell.

Some of these buyers may be moving over to duplex/townhouse options which is the only residential category showing an increase of sales of 6% year to date.”

There were 73 properties over a million dollars sold by this time last year, the exact same number as this year.
Inventory is still strong at 7,226 for the Edmonton CMA at the end of July 2015, up slightly from 7,177 in June and much higher than the 5,609 available in July of 2014.

All residential listings were up year over year by 14.9% but down month over month from June by 2.2%.

8.5×11 YEG June 2015    information about statistic in edmonton and area for june of 2015

Edmonton, July 3, 2015: For the first time in 2015 we recorded an increase in year-over-year reported sales for the month. June 2015 had 2,008 reported sales for all residential properties, 2.4% over the 1,961 all residential sales reported in June 2014.

This number includes 1,243 single family dwellings (2.1% more than 2014), 572 condo sales (1.6% more than from 2014) and 156 duplex/rowhouses (11.4% more than 2014). Sales were also up 13% in June from the reported sales in May 2015.

Single family prices were up 2% year-over-year at $444,862 for June 2015. Condo prices continue to remain static at $255,662. Duplex/rowhouse are still popular and have seen price growth of 2% year over year.

June prices have dropped slightly from May by 1.4% for single family, 0.1% for Condo and 0.8% for all residential.

Inventory is still healthy at 7,177 for the Edmonton. at the end of June 2015, down from 7,303 in May. All residential listings were up year over year by 7.7% but down month over month from May by 3.6%. There is currently just over three and half months’ supply of inventory in the Edmonton.

Average days on market for all residential properties was up again this month at 49. Single family average days on market was up to 46 from 43 in May, Condominiums were averaging 52 days compared to 49 in May, and Duplex/Rowhouse took an average of 50 days to sell in June.

The average days on market for single family last month was 43, condominiums were 49 days, and duplex/rowhouse took an average of 45 days to sell.

Residential sales in Edmonton’s Census Metropolitan Area are beginning to pick up with 1,784 reported sales in May 2015. That is up 12% from 1,597 reported in April but still down almost 10% from May 2014. Again this month, reported sales are down in all categories except duplex/rowhouse (up 4% y/y) – a trend we have seen all year. Single family sales were 1,078 – down 11% over last May (1,213 reported). Condo sales were down 10% over May 2015 at 510. Sales were up in all categories over April 2015. Year-to-date, residential sales are down 13%.

Despite a decline in all residential sales, the average sale price was $381,111 up 2.5% from May last year. Single family dwellings sold for an average of $451,312 (up 3% from last May), condos for $256,143 (up 2% y/y) and duplex/rowhouses were the only price drop at $345,659 (down 2% y/y).

The end of month residential active inventory was 7,303 for the Edmonton CMA. May 2015 all residential new listings were down 2% from last year at 3,314. That meant 5% less single family, 6% more condo, and 4% less duplex/rowhouse listings than in May last year.

Residential 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.

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

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