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Housing prices begin seasonal slide, but rise over 2013

Tuesday, August 5th, 2014

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.

If you are looking to buy or sell your property – call Irina Mierzewski – your english ukrainian russian speaking realtor in edmonton and she will be happy to answer all your questions and assist you in all your real estate needs! please read testimonials on her page and see what other clients are saying about her and her professional  real estate  expertise .

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

 

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