City of Edmonton Average Prices Up Year Over Year!
Friday, October 9th, 2020I hope you’re enjoying the fall season! We are having such amazing weather. It is so great to still be able to be outside and enjoy warmth!
Here is your market update for September 2020.
The City of Edmonton (ONLY) stats have come in for September. Surprisingly All Residential average price has the largest year over year increase in many months. Average price for September 2020 is up 6.6% over September 2019. We sitting in a balanced position but almost favoring sellers with a total inventory of 4.2 months.
Year over year, Single Family Dwellings are up by 3.7% and are sitting in a strong sellers position with 3.1 months of inventory. Condos are up 5.6% but are still in a buyer’s market with 8.0 months of inventory. Duplex/Rowhouses have a decrease of 3.8% but are favoring sellers with only 2.8 months of inventory.
Month over month numbers are all up with the exception of Duplex/Rowhouse. All Residential average price is up by 1.5%. SFD are up a sliver by .2%. Condos are up 2.5%. But Duplex/Rowhouses are down 2.0%.
For all your residential real estate needs, call me. I can bring you current, neighborhood specific statistics to assess your sale price AND be sure you are not over paying for your purchase.
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