As you know, I posted the stats on Tuesday using the new "daily stats" the Edmonton real estate board is putting out. I indicated in my post that I was concerned these "daily stats" won’t match up with the monthly stats and we’d have to wait and see. Well guess what….they don’t match up. I don’t know why they don’t match up, and I don’t have time to find out since I’m in Vancouver at a conference. Some of the numbers are different, some are the same – the corrected charts are below. I sincerely apologize for the error, I should have known better!
Sales were higher than previously reported at 1557.
Inventory is a little lower at 9464:
Average price for a single family home was $387,632, condo $263,023 and row house/duplex $308,908.
From the press release:
Single family home prices rose for the second month in a row to an average* sale price of $387,632 in March. After two months of price increases condo prices dropped back slightly (-0.48%) to $263,023 and duplex and rowhouse prices ($308,908) recovered from a five month slide to increase 4.8% over the previous month. The average residential price (which includes SFD, condo, duplex, mobile homes and other types of residential property) was up another 1.6% to $343,760. The average residential price is 5.66% higher than March 2007.
"Total MLS® sales are off as compared to a year ago. Total sales of $610 million in March were down 31% from the record setting pace in March 2007," said Perras. In the first quarter REALTORS® sold over $1.5 billion worth of real estate in Edmonton and area.
