When compared to March 2019, unit sales across most categories increased, with single family home unit sales increasing 43.68%, condo sales increasing 38.31% and duplex/rowhouse sales increasing 34.06%. Year over year sales are up in all major categories, with single family homes sales increasing 1.91%, condo sales increasing 2.77% and duplex/rowhouse sales increasing 3.93%. Year to date sales for all residential categories were down 8.44.% compared to April 2018.Average unit prices rose from last month but are still down from April 2018. The average price of a single-family home was $427,657; an increase of 0.96% compared to March 2019 but down 0.82% compared to April 2018. The average price of a condo was $228,933, an increase of 7.05% from March 2019 but a decrease of 7.93% year over year.
Days on market decreased for most home types compared to March 2019. Single family homes spent an average 55 days on market, condos averaged 71 days, and duplex/rowhouses averaged 67 days.
Overall, the average days on market for all residential properties was 60, which was six days shorter than March 2019 but three days longer over April 2018.
Review these statistics and more at www.ereb.com.
Highlights of MLS® System activity (for all-residential sales in Edmonton CMA1)
|April 2019||M/M % Change||Y/Y % Change|
|SFD2 average(3) selling price – month||$427,657||0.96%||-0.82%|
|SFD median(4) selling price – month||$394,500||1.17%||-1.38%|
|Condominium average selling price||$228,933||7.05%||-7.93%|
|Condominium median selling price||$213,500||8.38%||-7.17%|
|All-residential(5) average selling price||$365,129||2.19%||-1.93%|
|All-residential median selling price||$350,000||2.94%||-1.41%|
|# residential listings this month||3,533||11.14%||-1.92%|
|# residential sales this month (reported)||1,684||40.33%||1.63%|
|# residential inventory at month end||9,015||8.76%||-1.78%|
|# Total(6) MLS® System sales this month||2,021||40.54%||3.43%|
|$ Total value MLS® System residential sales - month||$644,376,270||44.06%||1.01%|
|$ Total value MLS® System sales – month||$734,270,784||41.78%||1.26%|
|$ Total value MLS® System sales – YTD||$1,986,594,112||58.46%||-10.28%|
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
Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period sales figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact your local REALTOR®.
The REALTORS® Association of Edmonton (Edmonton Real Estate Board), founded in 1927, is a professional association of real estate
Brokers and Associates in the greater Edmonton area. The Association administers the Multiple Listing Service®, provides professional education to its members and enforces a strict Code of Ethics and Standards of Business Practice. The Association also advertises property listings and publishes consumer information on the Internet at www.REALTOR.ca and www.ereb.com, as well as in the Real Estate Weekly and on their web site at www.rewedmonton.ca. REALTORS® support charities involving shelter and the homeless through the REALTORS® Community Foundation.
Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).