Edmonton’s Condo and Real Estate Market for June 2011
Looking back to the month June and the real estate market: Below are the stats for June 2011 for Edmonton Alberta. We will be updating you on the current market and any predicted changes to keep you in the know. Should you have any questions or want to talk to an expert, give Alison a call. Thank you.
In June this year we saw our MLS (Realtor.ca) residential sales at a healthy $584 million, which is in fact up by approximately 7.6% from 2010. We had a 54% sales to listing ratio compared to 48% last June, with this year’s listings at 3,260 and last year’s listings at 1,619.
The only slight drop this June was the average residential price, it dipped by .5 of a point (really not that bad) to $330,297. On the plus side, MLS’s Single family rose 15.1% and the average selling price this June was up 1% for a total of $361,888.
My favorite topic, Condo sales:
Condo sale remained consistent with 482 sales (4 short of last year), with the average price of condos down slightly at $231,852.
Thus far experts, like Dan Sumner (ATB Financial Economic guru) predict a slow but steady recovery from the last few years. There are currently no expectations of sudden price drops or booms.
Stay tuned for next months report. For more information see Edmonton condos.
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