Edmonton Real Estate Market Favors Condos Over Single Detached Homes In October of 2014!

Posted by Derek Hulewicz on Wednesday, November 5th, 2014 at 11:13am.

Edmonton's single detached house prices, number of sales, inventory, and average "days-on-market" are down in October of 2014, while condo prices are up!

The average price for a single family detached home in October was $426,848 down by 2% from last month, and up by 6.8% from October of 2013. The condo prices were up by 2.3% at $260,491. Total of 1,412 residential properties have sold in the 10nd month of 2014, 2.9% less than same period last year, and it took on average 46 days for these properties to sale. The inventory decreased to 4,473 residential properties available compared to 4,812 last months and 4,807 in October of 2013.

All the information in this article has been provided by Realtors® Association of Edmonton!

Below you will find five graphs that correspond to the above statistics:

Brought to you by: Edmonton homes for sale

Blog Author:  Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224

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