The Gist: March 2017

“The Gist” is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. Every month I summarize and post “the gist” of the MLS® data for Edmonton and area real estate activity.

The average*** single family detached price in the service area of the Edmonton Multiple Listing Service® was up 3.04% to $439,139.
The average condominium price was up 3.86% to $242,632
The average duplex/ rowhouse price was up 0.41% to $348,806
The average days-on-market in March was 50-days for single-family, 67-days for condos, and 62-days for duplexes..
There were 1,474 reported residential sales and 6,806 residential units for sale at month end.

The REALTORS® Association of Edmonton releases month-end and year-end results for sales through the local Multiple Listing Service® and includes all residential sales for the City of Edmonton and surrounding communities and counties. ***Average prices indicate market trends only. They do not reflect actual prices, which vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. For information on a specific area, contact me directly***
Activity (for all residential sales on Edmonton MLS® System)

March
2017

Change from
February

Change from March 2016

SFDaverage selling price – month

$439,139

3.04%

0.49%

SFD median4 selling price

$397,800

1.61%

-1.04%

Condominium average selling price

$242,632

3.86%

-3.11%

Condominium median selling price

$218,000

-2.82%

-6.64%

All-residential5 average selling price

$371,680

3.13%

-1.36%

All-residential median selling price

$349,500

2.73%

-2.05%

# residential listings this month

3,080

26.7%

1.42%

# residential sales this month

1,474

31.8%

1.80%

# residential inventory at month end

6,806

11.4%

-8.10%

# Total6 MLS® System sales this month

1,944

37.6%

6.87%

$ Value total residential sales this month

$618 Million

37.0%

0.73%

$ Value of total MLS® System sales – month

$727 Million

44.4%

6.28%

$ Value of total MLS® System sales – YTD

$1.60 Billion

81.1%

15.8%

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales



///…CP