Here are some interesting facts and statistics about the real estate market that may have you interested.
According to REALTORS Association of Edmonton:
- Sales of residential properties are up in double digit increments in all categories when compared to last year.
- Total residential sales in July were up 2.4% year-over-year
- Prices were also up year-over-year in all categories
- The average price for a single family detached (SFD) property in the Edmonton Census Metropolitan Area (CMA) in July was $410,372, down 0.5% from June but up 3.4% from a year ago. Condominium average prices dropped 7.4% m/m but were up 2.6% y/y at $242,516. Duplex/row house prices were up 8.6% y/y (down 2.5% m/m) at $330,906.
- The residential average price in the Edmonton CMA in July was $350,726 ( down 2.5% m/m, up 3.3% y/y)
- These are the highest figures for July that we have seen since 2009″ said the President Darrel Cook of REALTORS Association of Edmonton. “Prices and sales have peaked for the year and the month-over-month numbers are lower than June but when compared to last year our market is very robust”
- Environics Analytic’s, a Toronto based date analytic ‘s firm, reported last week that the average net worth of an Edmonton household** was $433,970 in 2012, up 1.6% from 2011 as compared to the Canadian average net worth of $400,151.*
- Cook as well said ” Edmonton has jobs, house options, and an economy that is attracting newcomers to the city and ensuring that current residents have an appealing lifestyle”
For all of those who have wondered what the statistics look like on what the sales market in St. Albert looked like for the month of July 2013 verse the prices of July 2011
SFD Sales … 2013: 96 2011: 71
SFD Average Price … 2013: $447,897 2011: $445,229
Condo Sales… 2013: 29 2011: 15
Condo Average Price… 2013: $ 263,007 2011: $263,027
About Don Cholak
