3 REAL ESTATE TRENDS TO EXPECT FOR JULY

    Continued increase in inventory & increased sales in Single Family homes.While the Condo market still struggling to gain traction!

    Here are the stats for July 2017:

    FOR ALL LISTINGS IN EDMONTON:
    6449 LISTINGS ON THE MARKET (+2.2%)
    60 AVERAGE DAY ON MARKET (-1 DAY)
    1341 UNITS SOLD (+33)
    $408495 AVERAGE LIST PRICE (DOWN $2,243)

    FOR SOLD:
    $398,944 AVERAGE SOLD PRICE (UP $14,984)
    97.43% LIST PRICE TO SALE PERCENTAGE
    4.8 MONTHS OF INVENTORY (SAME)
    49 DAYS ON MARKET (+ 7DAYS)

    ALL CONDOS IN DOWNTOWN EDMONTON & OLIVER ZONE 12
    369 LISTINGS (+21)
    61 DAYS ON MARKET (+6 DAYS )
    48 SOLD (+7)
    $343,525 AVERAGE LIST PRICE (-$64)

    FOR SOLD:
    $313,693 AVERAGE SOLD PRICE ( –$23,783)
    97% LIST PRICE TO SALE PRICE PERCENTAGE (SAME)
    7.7 MONTHS OF INVENTORY (-0.8)
    46 DAYS ON MARKET (-5DAYS)

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