Edmonton Real Estate Market Finishes 2016 Normally
Our preliminary monthly report on the Edmonton real estate market for December shows that we ended 2016 in much the same way we normally do. Sales of single-family homes were right in the normal range for December; 392 homes were reported sold in December, up 3.4% from last year.
Condos sales were down slightly from last December; 181 condos were reported sold compared to 184 last year.
The average price of single-family homes was down 2.5% from last December to $416,234 while the median price was basically unchanged at $379,900 (it was $380k last year). The average sale price of condos was up 0.9% to $250,358 and the median sale price was down 2.5% to $230,000.
The average price per square foot for single-family homes was down $1 to $273 and condos were up $1 to $231.
As always, this is our preliminary report on the Edmonton real estate market, our final report will be posted in a few days when the REALTORS® Association of Edmonton releases their monthly stats.
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.