The Story Behind the Stats: September 2018
There are many markets in the Edmonton area… The latest statistics released by the Realtor Association of Edmonton reports that the number of residential properties sold is up 1.89% this August compared to August of last year. But when you look closer, that average is made up of a 6.15% increase in single family sales, a 14.67% decrease in duplex/rowhouse sales and almost no change in condo sales. Similarly, average price decreased 2.3% for all residential sales comparing Aug/18 to Aug/17. But this statistic combines a decrease of 3.23% for single family, a 6.9% decrease for duplex/rowhouse and almost no change in condo sales prices. And within each of these markets are many sub-markets depending on price range, neighbourhood, and location within the neighbourhood. Having a REALTOR® in your corner to dig deep into your market has never been more important.