September Newsletter – August stats

While both sales and listings fell during August in the Edmonton real estate market, the decline was in keeping with seasonal expectations.

Single-family property sales were 10.8% fewer than during July, and 20.4% lower than last August, when sales were surprisingly high. 536 s i n g l e – f a m i l y u n i t s changed hands during August, at a median sale p r i c e o f $ 3 5 5 , 0 0 0 compared to $350,000 last August. Listings coming to market (1108) fell by 5.4% from July numbers, but were 64.4% higher than new listings last August.  Average days to sell recorded as 51.  In the condo market, 187 apartments sold, a 6.97% decline from July sales, and 25.5% fewer than last August. New listings in this market segment (421), fell by 10 units compared to new listings during July this year but almost doubled the 219 apartments that came to market last year at this same time.
The median sale price of $210,000 was 3.9% below July’s median and 2.33% lower than last August. Average days to sell numbered 63.  108 Townhouses found new owners in August this year, compared to 116 the month before and 162 during last August. New listings grew by 5.2% over July’s new listings and were 51.7% higher than new listings at this same time last
year. The median sale price of $218,000 was 2.68% lower than July’s median and 2.57% below the median sale price during August
2009. Days on market averaged at 60. ED-10/10

“People of character do the right thing, not because they
think it will change the world but because they refuse to
be changed by the world.”
Actor and Author of Michael Josephson
Radio Commentator
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Michael Pino (Edmonton Luxury Properties), Re/Max Elite
#17, 8103-127 Avenue, Edmonton, Alberta, T5Y 3K6
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