Market Analysis of Single Family Homes in Edmonton - October 2011

By
Real Estate Agent with Ralph Henze Homes - RE/MAX Elite

Edmonton skyline

 

Summary of Sales Activity for Single Family Homes in Edmonton and Surrounding Area

October 2011

Realtors® Association of Edmonton

 

Edmonton homes for sale

Average Sold Price: $362,897

Number of Single Family Homes Sold: 789

 

Average Days On Market (DOM) of Sold Units: 54

 YTD Average Sold Price: $374,245

     (January 1, 2011 - October 31, 2011)

  

 Year to Date (YTD) Summary:


Average Sales Price

Single Family Home - Edmonton Area

single family homes in Edmonton

 

Average Sold Price by Area

 

Edmonton

Northwest  $287,362

North Central   $352,977Edmonton homes for sale

Northeast   $272,993

Central   $205,728

West   $445,215

Southwest   $491,019

Southeast   $362,704

Anthony Henday   $437,214

Overall Average for Edmonton City only  $381,692


Surrounding Areas

St Albert   $427,868

Sherwood Park   $374,043

Leduc   $364,261

Spruce Grove   $372,293

Stony Plain   $347,550

Morinville   $301,711

Fort Saskatchewan   $318,857

Devon   $270.225

Wetaskiwin   $209,400

 

Overall Average for Edmonton and Surrounding Area  $362,897

 

 As you can see, prices rose through to a peak in July but have been falling some since then.  It is taking on average, just under 2 month to sell a home in the Edmonton area.  The climate is definitely a buyers market, with sellers anxious to negotiate a sale and bankers anxious to lend at all time low interest rates.  If you are waiting for the bottom, if we are not there we are very close.  It is truly a great time buy!

 

 

If you are interested in buying or selling a home in Edmonton, contact me at:


Ralph Henze

RE/MAX Advantage

Cell:  780-918-7885

Office:  780-464-4100

email:  ralphhenze@gmail.com

 

www.RalphHenzeHomes.com

 

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