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Inglewood Edmonton real estate market update

By
Real Estate Sales Representative with Royal LePage Summit

Inglewood is another neighbourhood that I have done a lot of work in over the years.  I've sold many homes in this area that borders Westmount, and always enjoy the diverse age range of properties in this neighbourhood.  It has the advantage of the convenient central location plus access to the Yellowhead is only a few blocks away.   The added perk is that the average price for this area is 25% less than Westmount (approximately $100,000). I've attached a couple graphs specific to Inglewood.

The first graph shows what the average sale price per square foot has been doing since the first quarter of 2009.  As you can see it has been rising for the last three quarters.  This is interesting considering that the Edmonton market has seen prices falling in that same time period.

Inglewood Edmonton real estate average sale price per sq ft

 

The next graph shows how long it is taking to sell a detached home in Inglewood.  The numbers here are strong too.  The average days on market for detached homes in all of Edmonton is at 54 days for the most recent quarter (Oct 1, 2010-Dec 8, 2010).  Compare that to 31 days for Inglewood.

Inglewood Edmonton average days on market

If you have any questions on the Inglewood market please don't hesitate to give me a call or drop me an email.

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