Carl Phin & Kim McLeod

1,364 properties were sold in the Edmonton Census Metropolitan Area (CMA) in March, up nearly 63 per cent from the 837 homes sold last month, but down 6.13 per cent from the 1,453 relative to March 2015. There were 863 single family detached homes sold in the Edmonton CMA, a 67 per cent percent increase month-over-month, and down only 1.5 per cent from the same time last year. March saw the sale of 335 condos and 144 duplex/row houses, up 44 per cent and 82 per cent from February, respectively. 



“Sales, relative to last month, were consistent with the seasonal trends that we expect,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “Inventory is growing, with more than 3,000 properties coming onto the market last month. Despite the inventory growth, prices are holding steady, with median prices on par with last year, and average prices up slightly due to the sale of high-end luxury homes in March.”   



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Residential sales activity reported through the MLS® Systems of real estate boards in Alberta numbered 3,170 units in February 2016, down eight per cent from a year earlier.


Nationally, home sales activity rose 18.7 per cent from year-ago levels in February 2016.


The provincial average price for homes sold in February 2016 was $388,037, up 0.6 per cent from a year earlier. The national average price, by comparison, rose 16.9 per cent on a year-over-year basis to $503,057.


Monthly residential average prices were up from year-ago levels in South Central Alberta (+11.9 per cent), Central Alberta (+4.3 per cent), Calgary (+2.1 per cent), Medicine Hat (+0.9 per cent), and Lethbridge (+0.9 per cent). In contrast, average prices decreased year-over-year in Edmonton (-0.5 per cent), Alberta West (-5.3 per cent), Grande Prairie (-9.2 per cent), Fort McMurray (-11.4 per cent) and Lloydminster (AB) (-14.9 per cent).  


New listings on the MLS® Systems of...

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