register | confirm account | forgot password
Kerri-lyn Holland
RE/MAX RIVER CITY
#100, 10328 81st Ave, Edmonton, Alberta
P: 780-439-7000
F: 780-439-7248
Email

Tuesday, November 3, 2009 - November Real Estate Update

Edmonton, November 3, 2009: Resale housing sales continued their strong trend through October with sales of all housing types through the Multiple Listing Service® in October at the second highest level on record (after October 2006). There were 1,535 residential properties sold in October; up 23% from 2008 but down almost 10% from last month which follows the normal seasonal trend of month to month sales dropping through the fall.
“The housing market in Edmonton and area is still robust,” said Charlie Ponde, president of the REALTORS® Association of Edmonton. “Homebuyers are confident about their future prospects and keeping an eye on the possibility that mortgage rates will rise. They can lock-in their housing costs for five years while rates are at historic lows if they buy in this market.”
Residential housing prices remained stable within typical ranges for seasonal fluctuations. Prices for single family dwellings were down 2.2%, on average* from last month but up marginally (0.12%) from last year. Condominiums were priced down 3.2% from September but the same price ($11 difference) as a year ago. Overall, the average residential price in October was $318,969, down 2.5% from last month but up a third of a percent from 2008. Single family dwellings sold for $363,694 and condos sold, on average, for $237,601.
There were 2,205 homes listed on the MLS® System in October with 1,535 sales for a sales-to-listing ratio of 70%. The total value of residential sales in October was $490 million and total MLS® System sales (including rural and commercial properties) is up over last year for the year-to-date to over $6.18 billion. Total available inventory was 5,530 homes which is a typical 3.5 month supply. Homes sold on average in 47 days (44 in September but 58 in October 2008).
“Good looking homes in the average price range always sell quickly,” said Ponde. “Less desirable homes may take a little longer to find a buyer and home sales at the upper price ranges are steady. It is important to consult your REALTOR® to devise a strategy for buying or selling a home to ensure you get the latest market and neighbourhood information.” 

October 2009 activity Record for the month*,  % change from October 2008 

Total MLS® System sales this month 1,747 24.00%
Value of total MLS® System sales - month $575 million 26.20%
Value of total MLS® System sales - year $6.18 billion 1.60%
Residential¹ sales this month 1,535 22.70%
Residential average price $318,969 0.37%
SFD² average selling price - month $363,694 0.10%
SFD median³ selling price $346,000 1.00%
Condo average selling price $237,601 0.00% 

¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices 

* Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. For information on a specific area, contact Kerri-lyn Holland.
posted in General at Tue, 03 Nov 2009 21:05:49 +0000



Free Form HTML
Widget that allows you to enter free form html.
Parkview
Parkview is a residential neighbourhood in west Edmonton, Alberta, Canada overlooking the North Saskatchewan River valley. The neighbourhood is informally split into two smaller neighbourhoods, with the portion east of 142 Street called Valleyview and the portion west of 142 Street called Parkview. There is a small strip shopping centre, Valleyview Shopping Centre, located near the centre of the neighbourhood on the Parkview side of 142 Street.
Data last Updated: 2020-06-03 at 22:48:38 GMT America/Edmonton
This site's content is the responsibility of Kerri-lyn Holland, licensed REALTOR®(s) in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2020, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker