The Gist: April 2019

“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 down 1.50% to $423,571.
The average condominium price was down 3.78% to $213,856.
The average duplex price was up 4.09% to $334,440.
The average days-on-market in March was 60-days for single-family, 77-days for condos, and 65-days for duplexes.
There were 1,200 reported residential sales and 8,287 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
2019

Change from
February

Change from March 2018

SFDaverage selling price – month

$423,571

-1.50%

-5.02%

SFD median4 selling price

$389,950

-0.65%

-2.39%

Condominium average selling price

$213,856

-3.78%

-10.4%

Condominium median selling price

$197,000

-8.58%

-10.7%

All-residential5 average selling price

$357,316

0.77%

-5.26%

All-residential median selling price

$340,000

1.49%

-3.20%

# residential listings this month

3,179

31.0%

-11.6%

# residential sales this month

1,200

21.7%

-13.0%

# residential inventory at month end

8,287

11.8%

-0.68%

# Total6 MLS® System sales this month

1,438

22.4%

-12.9%

$ Value total residential sales this month

$447.3

 Million

23.1%

-17.7%

$ Value of total MLS® System sales – month

$517.9

 Million

25.6%

-14.6%

$ Value of total MLS® System sales – YTD

$1.254

 Billion

69.7%

-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
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