Fast Facts from EdmontonRealEstateMarket.com
As we have been entering in the information into our new site – www.EdmontonRealEstateMarket.com – a few things have stood out. Data for the site is pulled from the REALTORS® Association of Edmonton MLS® database. Currently there are over 100 communities profiled on the site and the number is growing daily.
The stats shown on the site are a snap shot of a 12 month period. The neighbourhood with the honor of having the lowest average days on market in Edmonton so far goes to Malmo Plains at 22 day on average. The largest discrepancy between the median price and average price for a community in Edmonton goes to Parkview.
Would you believe a property in Cromdale sold for 825,000?
The average list to sale price ratio for a neighborhood takes the sale price divided by the list price for each property and then calculates the average of all those averages. The highest list to sale price ratio we have seen for in Edmonton is 99% in Crestwood and the lowest average list to sale price ratio belongs so far to Central Mcdougall at 92%.
The most expensive home listed that sold was listed $4.4 million and $3.1 was the sale price. This is a bit of a joke when you think about it – many buyers would have dismissed even looking at it because of its high list price. Any guesses on who sold it?
There was only one neighborhood out of the 100 neighborhoods entered that had only 1 sale in its 12 month period. That area is actually the smallest neighbourhood in the city - Quesnell Heights.
About Sara MacLennan
Sara MacLennan is the Director of Marketing at Liv Real Estate and a licensed Real Estate Associate. The bulk of Sara’s experience and wealth of expertise lies in on-line technology and marketing both for agents and consumers. Sara is the former National Director for Interactive Marketing for Coldwell Banker Canada where she was responsible for an extensive training program traveling to offices across the country training agents and brokers on marketing and technology. Find Sara on Twitter @edmontonblogger.