Housing prices begin seasonal slide, but rise over 2013
Tuesday, August 5th, 2014Edmonton, 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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| M/M % Change | Y/Y % Change | ||
| SFD2 average3 selling price – month | $426,716 | -2.00% | 3.90% |
| SFD median4 selling price – month | $396,000 | -4.00% | 3.10% |
| Condominium average selling price | $254,654 | 0.20% | 4.60% |
| Condominium median selling price | $239,000 | 0.00% | 6.20% |
| All-residential5 average selling price | $362,091 | -2.60% | 3.30% |
| All-residential median selling price | $345,000 | -3.90% | 3.00% |
| # residential listings this month | 2,718 | -8.10% | 10.60% |
| # residential sales this month (reported) | 1,864 | -12.70% | 1.60% |
| # residential inventory at month end | 5,609 | -1.70% | -3.90% |
| # Total6 MLS® System sales this month | 2,570 | -1.95% | 4.10% |
| $ Total value MLS® System residential sales – month | $786 million | -6.10% | 5.70% |
| $ Total value MLS® System sales – month | $948 million | -4.40% | 9.40% |
| $ Total value MLS® System sales – YTD | $5.9 billion | 20.90% | 16.50% |
