Edmonton sales held up in October

Home sales in Edmonton remained buoyant in October with a 5.5 per cent rise year-over-year.

The gains were in the single-family sector which rose 7.1 per cent and the duplex/rowhouse sector which was up 17.1 per cent. Condo sales fell 3.9 per cent.

“We’re seeing buyers who are confident in the future of the Alberta economy, and we are heading towards a solid finish to 2016,” Edmonton Association of Realtors’ chair Steve Sedgwick said. “Residential unit sales across all categories are down 6 per cent year-to-date compared to last year, however, our prices remain stable.”

Average selling prices were $423,755 for a single-family home, down 1.6 per cent from September and down 1.75 per cent year-over-year. Condos were up year-over-year by 0.5 per cent and down by 2.3 per cent month-over-month. Duplex/rowhouse average prices also decreased 7.7 per cent from the previous month and 6.9 per cent from October 2015.

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