Edmonton Real Estate Sales Up

For SaleEdmonton's residential real estate market saw sales pick up in June while prices lagged compared to June 2010.


Residential MLS sales finished at $584 million for the month, up 7.6 per cent from a year earlier, according to new figures from the Realtors Association of Edmonton.


There were 1,768 residential sales in June with 3,260 listings for a sales-to-listing ratio of 54 per cent. That compares with 1,619 residential sales in June 2010 with 3,339 listings, for a sales-to-listing ratio of 48 per cent.


The June residential average price dipped half a percentage point to $330,297 year-over-year.


Single-family MLS sales rose 15.1 per cent to 1,165 homes from 1,012 in June 2010. The average single-family home selling price for June was $379,409, down 2.86 per cent year-over-year.


The median single-family selling price was $361,888, up about one per cent year-over-year.


Condo sales in June remained flat with 482 sales, just below 486 sold a year earlier. But the average condo selling price finished at $231,852, down more than five per cent year-over-year.


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