Dec 2019 - Residential Statistics - Edmonton

Wednesday Jan 22nd, 2020

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MLS® Sales and Listings Up to Close Out 2019

 

 
Edmonton, January 3, 2020: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for December 2019 increased 9.88% compared to December 2018’s 769 sales and decreased 23.25% from November 2019. The number of new residential listings is up, increasing 5.87% from December 2018. Overall inventory in the Edmonton CMA fell 10.83% from December of last year.
For the month of December, single family home unit sales are up 9.80%, and condo unit sales increased 3.21% from the same period of time last year.
All residential average prices are down slightly at $353,657, a 2.29% decrease from December 2018, and a 0.05% decrease from November 2019. Single family homes sold for an average of $411,317, a 4.08% year-over-year decrease from December 2018, and a 2.22% decrease from November 2019. Condominiums sold for an average of $226,943, a 7.93% increase year-over-year, prices are similar to the previous month, down 0.51%. Duplex prices dropped 5.73% from December 2018, selling at $325,068, which was a 0.85% increase from the previous month.
“The Edmonton market prices remained stable this month while we saw an increase in year-over-year residential listings and sales,” says REALTORS® Association of Edmonton Chair Jennifer Lucas. “There have been about 75 more sales than we had in December of last year, and single family home pricing decreased 4.08%, duplexes are down 5.73%, and condos are up 7.93% year-over-year.”
Single family homes averaged 64 days on the market, a five-day decrease from last year. Condos saw no changes at 77 days on the market while duplexes averaged 75 days on market, a one day decrease from December 2018. Overall, all residential listings averaged 69 days on market, a 4.17% decrease year-over-year, and did not change from the previous month.

MLS® System Activity 2019  
December 2019
 
M/M % Change
 
Y/Y % Change
(for all-residential sales in Edmonton CMA1)      
SFDaverage3 selling price – month $411,317 -2.22% -4.08%
SFD median4 selling price – month $371,650 -4.26% -3.47%
Condominium average selling price $226,943 -0.51% 7.93%
Condominium median selling price $207,000 -0.24% -1.43%
All-residential5 average selling price $353,657 -0.05% -2.29%
All-residential median selling price $329,000 -1.20% -1.86%
# residential listings this month 1,299 -30.16% 5.87%
# residential sales this month 845 -23.25% 9.88%
# residential inventory at month end 5,975 -24.59% -10.83%
# Total6 MLS® System sales this month 983 -25.42% 6.16%
$ Value Total residential sales this month 305,609,388 -24.17% 5.70%
$ Value of total MLS® System sales – month 350,240,053 -24.26% -1.27%
$ Value of total MLS® System sales - YTD 7,201,367,293 5.10% -3.48%


1 Census Metropolitan Area (Edmonton and municipalities in the four surrounding counties)
2 Single Family Dwelling
Average: The total value of sales in a category divided by the number of properties sold
Median: The middle figure in an ordered list of all sales prices
5 Residential includes SFD, condos and duplex/row houses
6 Includes residential, rural and commercial sales
3Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Sales are compared to the month end reports from the prior period and do not reflect late reported sales. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact your local REALTOR®.

 

 

 

 

 

 

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