Edmonton Real Estate Board Average Prices Drop in October.

*** The author of this blog, Ben Officer, is a licensed REALTOR® in the province of Alberta. The opinions expressed within this blog are those of the author and are simply that, opinions. The views expressed in this blog are not intended to advise you, as your needs may differ depending on your particular situation. The information provided in this blog is not guaranteed to be accurate and is subject to change at any time. For legal advice/information, please consult a lawyer. For mortgage advice/information, please contact a licensed Mortgage Associate. For tax advice/information, please consult an accountant. For investment advice/information, please contact a financial advisor. *** Blog Disclaimer - The information contained within this blog and posted by the author is believed to be true but cannot be guaranteed to be so. The author of this blog takes absolutely no responsibility for the comments posted by third parties on this blog.

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Tuesday, November 3, 2009

Edmonton Real Estate Board Average Prices Drop in October.

by Ben Officer on Tue, Nov, 3, 2009 01:11 PM

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The Edmonton, St Albert, and area real estate market has seen a bit of a draw-down in October. The number of homes for sale (listings)

on the MLS went down to 2205 from 2564 in September.

The average price of a single family home decreased by about $8000 and condominiums decreased by about $7500.

This could be just a seasonal adjustment, with a bit of a change in the homes and condos sold.

The average days on the market went up slightly to 47 days from 44 days in September, but the Sales to Listing ratio went up to 70

from 66 in September.

I think the market still has been doing better than a lot of people thought it would.

Here is the chart comparing the months average prices, so far for 2009.

Ben Officer, CD REALTOR®

RE/MAX Real Estate

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Edmonton, St Albert, & Area RE/MAX Real Estate Professional

Ben Officer, CD REALTOR®

Edmonton Real Estate Board Average Prices Drop in October.

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