Spring break struck the Edmonton real estate market this week – we'd been tracking the number of MLS sales quite closely and as of Friday it looked like we'd have close to 1400 sales for March of 2009. According to the stats published by the Realtors Association of Edmonton today there were actually 1300 sales, and I can't help but think the pace slowed in part due to people (like us) who fled Edmonton for Spring Break.
UPDATE – The monthly numbers released by the Realtor's Association show 1380 sales, there must have been a glitch with the daily reporting system (it was April Fool's Day after all):
Looking at the sales a little more closely, it appears as though sales outside Edmonton slowed, while sales within the city limits increased significantly over last month:
In fact, single family home sales within Edmonton were almost as high as last year:
Looking at condos, sales weren't the story this month:
The average sale price of condos in Edmonton was the story. With the average sale price up significantly in March to $227k (from $215 in February while single family homes remained stable:
On a price pe square foot basis, condos were also up:
Lastly, the list price to sale price ratio increased for both condos and single family homes:
When the REALTOR'S Association of Edmonton releases the numbers for the MLS as a whole we'll discuss the monthly numbers in more detail.
