Edmonton Real Estate Stats March Trends

Well, I was checking out the MLS Month To Date Activity ( MTD ) for March 2011, as provided by the REALTORS Association of Edmonton, and, thus far, residential and rural sales seem to be trending slightly below the March 2010 figures but commercial numbers are on par, something I've heard from some of my commercial specialist brethren... but we've still got a few days of activity left. Hopefully two days of semi-decent, sun-laden weather could spike the residential numbers!?


In a nutshell,  here's how the residential activity numbers break out:


                                                       March 2011 MTD         March 2010 Totals

Residential ( units )                                         1,382                                 1,571

Rural ( units )                                                       101                                    129


Residential ( Total $ Volume )        $451,335,435                 $539,807,343

Rural ( Total $ Volume )                     $38,112,388                    $43,905,433


Single Family Avg. Selling Price             $377,081                         $388,473

Condo Avg. Selling Price                         $231,751                         $252,416

Duplex / Rowhouse Avg. Selling Price  $291,745                        $313,836

Rural Avg. Selling Price                           $377,350                         $340,352


There we have it! Slight decreases in avg. selling prices across the residential board, but slightly up for our rural figures. No Days on the Market date from the MTD figures... more analysis after the March 2011 month end figures come out. That said, I'm a numbers nerd and couldn't help but to get an idea of where we are at.


There are some new Canada wide stats released today by 'The Teranet-National Bank Composite House Price Index' stating that across the board, January 2011 Canadian home prices increased by 0.4%. Good news, but maybe not pertain to our locale. 


Even better news: "Edmonton breaks into Canada's top 10 liveable cities", Edmonton Journal, March 30,2011


Excellent news - Congratulations Edmonton!


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