Across the country as a whole, Edmonton is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $400,000 price tag on the median Edmonton home means that it is quite highly priced by Canadian standards.
How big are the houses being sold in Edmonton? This month there are 28 one bedroom 344 two bedroom 1493 three bedroom 1058 four bedroom 389 five bedroom homes on the market.
The number of homes for sale this month in the neighbourhood has increased substantially at 339 in Aug .
Can we guarantee how well Edmonton is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
When looking across the province, Edmonton is the 43th most expensive in Alberta.
When our research team crunched the numbers we calculated that Edmonton has a median home price of $259,900.
If you’re looking at investment properties in Edmonton, then you’re most likely to find homes with 2 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 2nd when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
When we look at the data we have, it can help with trying to establish whether or not Edmonton is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Edmonton, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 2535, this month we show 2106.