470 single family homes sold through the MLS® system in Edmonton in January, up from 450 last year and 361 last month. That is the highest number of single family home sales in January since 2008.
Condo sales were also higher than normal in Edmonton in January. 259 condos sold in January compared to 184 last year and 200 last month.
The average price of real estate in Edmonton was lower than last month, but up from last January. The average sale price for single family homes was $386,882 in January, up from $362k last January but down from $402k last month. Really, last month was what was unusual and we expect prices to increase from here into the spring. The average sale price for condos was $217,136 in January, up from $210k last year but down from $222k last month.
The average price per square foot for single family homes was $254 in January, up from $249 las year but down from $258 last month. Condos were $216/square foot up from $210 last year but down from $221 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.