2018 Spring Market Report

 
 
The 2018 RE/MAX Spring Market Report is in, and this is what they have to say about Edmonton:
 

Edmonton’s housing market continues to recover from the recession, and it’s starting to see positive signs.

Activity in Edmonton’s housing market was driven primarily by first-time buyers due to affordability and move-up buyers who were interested in flat sales prices. Prices are expected to remain consistent throughout the year with a healthy inventory of six-and-a-half months. The OSFI stress test rules have had the most impact on price and activity this year. The Windermere neighbourhood in southwest Edmonton is expected to continue to grow and attract more residents.


Main Points for Edmonton:


  • Average residential sale prices have gone up 2.4% from 2017.
  • The year-over-year average condo price has gone down 2.5% from 2017.
  • Typical price range for first time buyers is $270K - $350K and
  • Typical range for luxury homes ranges from $1.5 mil - $3 mil.
 
Check out stats for the Beaumont and Leduc area as well.
 
 
Read the Market Reports across Canada here.
 
.
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.