December stats
| December |
|
|
|
| Change from | November |
New Listings | 1,118 | -700 | -38% |
Sales | 948 | -237 | -20% |
Average Sale price | $305,467 | $7,231 | 2.3% |
House | $366,761 | -$1,257 | -0.3% |
Condo | $244,174 | $12,490 | 5.1% |
| November | | |
| | Change from | October |
New Listings | 1,818 | -387 | -17% |
Sales | 1,185 | -350 | -22% |
Average Sale price | $298,236 | -$2,411 | -0.80% |
House | $368,018 | $2,164 | 0.59% |
Condo | $231,684 | -$6,987 | -2.9% |
The facts and figures I quote in the table above and following article are taken from Edmonton Realtors association data data.
December is a typically slow month for Real Estate in Alberta, as families are pe-occupied with the holiday season. 2009 was no different than the typical year both listings and sales fell within the expected norms. As has been experienced for the last few years Condominium prices increased in the month of December, however as is usual house prices fell negligibly, and we can expect these to recover in January.
We started 2009 with the average home price of $352,689 and ended in December with $366,761 an increase of $14,072 or 3.8%. The highest average price was reached in September at $371,947.
2009 Condominium prices started at an average price of $238,585 and ended the year at $244,174 or an increase of $5589 or 2.2%. The highest selling prices were obtained in June with an average of $247,071.
Sales in 2009 exceeded the Edmonton Realtors Association prediction of 15,500, that number was surpassed in early October, The expectations that homes would end the year with an average selling price of $352,000 and condominiums at $222,500 were also surpassed.
What does this tell us?
The market has found its feet and continues to be stable, without any wild swings or surprises. Consumer confidence continues to grow, and I look forward to an exciting 2010.
Making your Real Estate needs my priority.
Dave Dry
Licensed Realtor in the province of Alberta.
www.davedryhomes.com
www.davedry.ca
info@davedryhomes.com