Edmonton Condo Market Report - May 2012

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

Edmonton Skyline

Edmonton Condo Market Report

May 2012


May 1, 2012 – May 31, 2012

 

Average Sold Price: $248,846Edmonton condo for sale

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)


EdmontonCondo for Sale in 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:Sherwood Park condo for sale

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


Average sale prices of condos for sale in Edmonton May 2012

Average sale prices for Edmonton condos


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

  

                                                www.RalphHenzeHomes.com

 

  

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