April sales fall in Edmonton

Home sales in Edmonton fell by 13 per cent last month compared to April 2014, but the Realtors Association of Edmonton said that sales are increasing and the data needs to be viewed in context.

There were 1,597 homes sold on the MLS in April and, although that was down from the number sold in April 2014, it was a rise of 10 per cent from March this year.

The association’s president Geneva Tetreault noted that while sales are not as high as last year “prices are stabilizing and inventory is robust.”

The average selling price across all residential property types was up by 3.13 per cent from last April to $377,270.

Condo prices increased the least (up 0.2 per cent to $$252,935 on average) and duplex/row houses increased the most (up 7.2 per cent to $356,022.)

Single family home prices increased to an average of $436,641, up 2.39 per cent from the same month last year.

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