Real Estate Prices Hang Tight in Edmonton in July Amidst Lower Sales
We continue to see buyers getting more house for their buck in Edmonton in July, along with slower sales and higher inventory than last year. It’s starting to look a bit like 2009, when the first half of the year was pretty normal in terms of sales, and the second half slowed down quite bit. There were 783 homes reported sold in Edmonton in July, down 20% from last August:
Condo sales were also well behind last year, 356 condos were reported sold in July, down 29% from last year:
Meanwhile, average prices were quite similar to last year. The average price of a single family home was up 0.8% in August to $447,583 while the median price decreased 1.4% to $399,400. The average price of condos was basically unchanged at $256,357 and the median was up 6% to $241,750.
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.