Spring Sales Slower but Steady

May 1st! So another set of Edmonton Real Estate data is available if you’re a REALTOR® or work at the board.

We will quickly give our analysis for the month of April.

798 single family homes were reported sold in the month of April – down 6.4 % 

Condo Sales took a bad beating down 13% from last year. Only 354 condos sold in the month of April. Interesting to see the trend of condos. A lot of people opting to buy half duplex style homes or more affordable fixer upper homes. 

Average  Single Family Home Price  :  $431,483 down 1.8%

Condos : $250,388, down 1.3%

Days on the market : 50 single family – Condos 59 –   averaging out to 53 days on market.

Buyers have a better selection of what to look at and are taking their time watching prices. Great properties in great locations that are priced well are still moving relativity fast. I personally believe a lot of the re-listed properties that are not selling is pushing up the inventor. The Sold data does not lie in terms of what people are buying. Single family detached & half duplex’s continue to make up the bulk of the transactions. It turns out it is not the end of the world here in Alberta and savvy people are looking to make their move-ups in this market. We’ll break down the statistics in more detail in a further article.

Until then , keep calm & collected.

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Brenna Turvey & Robert Fyfe are co-founders of EdmontonRealEstateReport.com -Providing high quality content and education to people who are interested in the Edmonton market was the main reason to launch the website. Reporting without bias, using the most up-to-date statistics on the real estate market, the economy and other influential factors will always be the standard. Robert Fyfe is a licensed REALTOR® with Realty Executives Progressive and writes regularly for multiple websites. Brenna Turvey is a professional writer.

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