Edmonton Condo Market Report
May 2012
May 1, 2012 – May 31, 2012
Average Sold Price: $248,846
Number of Single Family Homes Sold: 438
Average Days On Market (DOM) of Sold Units: 55
May 2011
Average Sold Price for May 2011: $239,752
Number of Homes Sold May 2011: 551
Average DOM for May 2011: 59
May 2012 Average Sold Price By Area
(Prices from the Realtors® Association of Edmonton)
Edmonton
Northwest $212,633
North Central $221,949
Northeast $191,467
Central $265,335
West $228,104
Southwest $259,799
Southeast $230,113
Anthony Henday $279,404
Overall Average for Edmonton - City Only $244,932
Surrounding Areas:
St.Albert $265,145
Sherwood Park $305,055
Leduc $252,800
Spruce Grove $249,440
Stony Plain $231,680
Morinville $212,875
Fort Saskatchewan $240,222
Devon $160,000
Wetaskiwin $251,000
Overall Average for Edmonton and Surrounding Area $248,846
Edmonton condo prices dropped throughout 2011 until last January. Since then, they have been consistently rising with prices now about 3% higher than last May. They are about 15% higher than they were in January. If the trend continues, even with lower mortgage rates, affordability may become an issue for some buyers.
For more information on condos for sale in Edmonton,
contact me at:
Ralph Henze
RE/MAX Advantage
Cell: 780-918-7885
Office: 780-464-4100
email: ralphhenze@gmail.com
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