Paul Blais Top Edmonton Realtor
Edmonton's November Market
Posted on Dec 7th, 2011 by JenniferNovember sales in the Edmonton Real Estate market recorded typical seasonal adjustments compared to October results.
Overall residential sales declined by 13.7%, with apartment sales down by 22.7% and single-family and townhouse sales falling below October results by 9.2% and 9.1% respectively.
532 single-family properties found new owners during November this year, at a median sale price of $340,000. An equal number of sales occurred above and below the median price. Sales of single-family properties increased over November 2010 by 1.5%. Average days to sell recorded at 55.
Townhosue sales (80) fell below last month and last year by 9.1% and 19.2% respectively, while apartment sales (136) declined by 22.7% and 16.1% from the same time periods. The median price of a townhouse in Edmonton was $230,000 this November, down 2.3% from October's median. $208,194 was the recorded median sale price for apartments that sold in November, 7.8% higher than one month ago, but 4.1% below last year at this time.
Overall new listings were 19.9% fewer than the previous month, but substantially higher than listings coming to market last November (by more than 70%). This significant change may be an indication that Sellers, anticipating a longer selling cycle, are listing their properties earlier, resulting in an increase in October listings, and listing now rather than waiting for the New Year.
