Happy New Year! The Edmonton real estate market finished out the year in fairly typical fashion, with an average number of sales of single family homes and condos. 361 single family homes sold in December in Edmonton, down from 382 last year and 521 last month, but still in the normal range.
200 condos sold in Edmonton in December, down from 225 last year and 284 last month, but also in the normal range for this time of year.
The average price of single family homes increased to $402,240, up 9.5% from last December ($367k) and 2.1% from last month ($393k). Meanwhile the average size of single family homes is on the rise as well – the average size single family homes sold was 1560 square feet, up from 1439 last year. The average price of condos sold in December fell to $231,397 from $239k last year and last month.
The average price per square foot followed a similar pattern to average prices overall. For single family homes the average price per square foot was $258 in December, up from $255 last year and $256 last month. The average price per square foot for condos was $221 in December, down from $223 last year and last month.
As always this is our preliminary report on the Edmonton real estate market, our final monthly report on the greater Edmonton area will be posted when the numbers are released by the REALTORS® Association of Edmonton.