Paul Blais Top Edmonton Realtor
March Market Update
Posted on Apr 12th, 2011 by ShawnaThere were 3479 residential sales in the first quarter, which is down from 3890 during the first quarter of last year. 2960 residential properties came to market in March and a total of 1503 properties sold. Current residential inventory is 6885, up 7.8% from one month ago.
691 Single-family units sold during March, up 41.9% compared to February results. The median sale price of $348,900 was 2.6% higher than the month before and 3.08% below last March. Average days to sell numbered 43.
Condo apartments and townhouses recorded increased sales over the month before of 39.2% and 34.3% respectively. 231 condo apartments changed hands in Edmonton and area, while 145 townhouse found new owners. The median sale price for condo apartments was $215,000, 2.4% higher than in February, but 5.9% below last March. The townhouse median sale price of $226,000 increased over February's figure by 2.7% but also fell below last March by 1.7%. Average days to sell in the condo market was 47.
According to the REALTORS® Association of Edmonton, residential sales in the first quarter of 2011 are normal, although lower than 2010 numbers.
All information is deemed to be reliable but not guarantted and as reported by the Edmonton Real Estate Board.
