Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Edmonton Real Estate Board November 2011 Market Analysis
Here is the latest news release on the Edmonton real estate market from the REALTORS® Association of Edmonton.
REALTORS® Association sees stable market with few surprises
Edmonton, December 5, 2011: There were no surprises in the month-end Multiple Listing Service® sales figures for the month of November released by the REALTORS® Association of Edmonton today. The all-residential average* sales price of $321,135 was up less than one percent from last month and last November. Single family detached homes sold on average for $365,734 which is marginally higher than last November and last month. Condominium average price ($227,901) was up 2.3% month-over-month (from $222,778) but down 0.6% from a year ago (from $229,337).
“Prices will vary from neighbourhood to neighbourhood and from property to property,” said REALTORS® Association of Edmonton President Chris Mooney. “But generally your home would have sold last month for about the same amount as it did last year. There was a slight decrease in sales activity compared to last year but listings also decreased reducing the inventory to the level it was at in February.”
Residential listings = 1,800 with sales = 1,084 Total MLS® listings = 2,239 with sales = 1,236 Residential inventory ... more
Are you on The Rain? Grow Your Network!