The real estate market ended the year strong in Edmonton, with higher sales and prices than we've seen for a few years. 418 single family homes sold in Edmonton in December, up 16% from 361 last year.
Condos sales were also strong, 247 condos sold in December up 24% from last year.
The average price of single family homes continued to rise in December, hitting the peak price for the year. The average sale price for single family homes was $428,087 in December, up 2.8% from last December. The median sale price for single family homes was $381,250, up 5.9% from last year. The average sale price for condos was $238,649, up 3.1% from last December. The median sale price for condos was $220,000 up 7% from last year.
The average price per square foot for single family homes was $268 - equal to last month and up from $258 last year. The average price per square foot for condos was $230 - up from $221 last year.
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 soon... We are working on some predictions and will be adding additional information from the housing forecast held by the REALTORS® Association of Edmonton in the near future.