Edmonton Real Estate Statistics – Aug. 17, 2009
Well the numbers today start to show a slowdown in sales. But that is normal this time of year. Typically we see a slowdown in sales in July and August, a seasonal slowdown and sales pick up again in September.
As of his morning there were 2,167 single family dwellings for sale in Edmonton proper which is fairly steady in comparison for the last few weeks. What has dropped off was the number of sales at 752 which is lower than we have seen in the last few weeks.
However that still give us a listing to sales ratio of 2.88:1 well below the 4:1 that we need for a balance or neutral market. With that kind of ratio I expect valuation to continue to rise.
The average home that is selling is 1,453 sq.ft,, avg. selling price was $370,970, taking 36 days to sell, and selling within 97% of the listing price. Keep in mind that avg. selling price and valuations are two different things.
If you have been thinking about buying your first home or upgrading to a bigger and more expensive home the sooner you do it the better off you will be.
Source of listing and sales data provided by the Realtors Assc. of Edmonton
