Edmonton, September 2017, September’s all residential average sale price in the Edmonton Census Metropolitan Area (CMA) showed month-over-month consistency and was comparable to September 2016. The average sale price across all residential categories in September 2017 was $370,252. This figure is 0.85% lower than August 2017 and 1.06% lower than September 2016.
The average condo sale price was $252,313. This figure represents a month-over-month increase of 2.91% and a year-over-decrease of 0.31%. For single family detached sales, the average price was $430,644. This represents a month-over-month decrease of 1.75% but a year-over-year increase of 0.17%. The average duplex / townhouse selling price fell by 3.52% month over month and 5.55% year over year.
The number of all residential units reported sold was 1,341. This represents a month-over-month decrease of 13.04% and a year-over-year decrease of 6.35%. The number of single family detached units sold was 812. This represents a decrease of 12.69% compared to August 2017 and a decrease of 10.28% compared to September 2016. There were 355 condominium sales reported in the Edmonton CMA in September 2017. This figure represents a month-over-month decrease of 10.8% and a year-over-year increase of 1.43%. Duplexes and townhouses numbered 159 unit sales in September 2017, down 13.59% month over month and up 11.19% year over year.
Average days on market across all categories of residential properties in the Edmonton CMA was 58 days. This figure is one day longer than the preceding month and identical to September 2016. On average, single family detached homes sold in 53 days, condominiums sold in an average 67 days and duplexes / townhouses sold in 62 days.