Edmonton Real Estate Board says that condos are increasing in value faster with a 2.32 per cent rise year-over-year and 6.23 per cent month-over-month to $257,740.
“Average monthly prices across all categories have increased,” says James Mabey, Realtors Association of Edmonton Chair.
“Despite slightly slower April sales, the spring buying season is off to a solid start.”
Residential sales were down 6.99 per cent year-over-year in April while year-to-date sales were up 5.06 per cent with a slight increase in the month from March of 0.27 per cent.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Home prices are on the rise in Edmonton with the average price for a single-family home reaching $439,438 in April, up 0.7 per cent from March and 0.03 per cent from April 2016.