Trick or Treat with our St. Albert and Edmonton Real Estate Market?

Taking a peak into the market stats and data over the last month reveals interesting insights.

Let me know what you thought of our October 2023 real estate update.

Now, for the stats...

Last month's prices for St. Albert, Edmonton, and Area:
- Single Family Homes prices are UP 2.4% year over year, and DOWN 0.4% month over month to $493,000 ($495,000 the previous month)
- Semi-Detached Homes are DOWN 4.2% year over year, and DOWN 5.2% month over month to $354,000 ($373,000 last month)
- Townhomes are UP 5.4% year over year, and UP 8% month over month to $267,000 ($253,000 last month)
- Apartment Condos are DOWN 1.6% year over year, and essentially DOWN 5.7% month over month to $182,000 ($193,000 last month)

Inventory levels: SELLERS' MARKET 
Total Inventory sits at 6.579 properties for sale
Total Sales for last month were 2,058 , UP 28% from last year, and DOWN 8% from the previous month
Days on Market for single family homes sits at 42, DOWN from 44 the same time last year and DOWN from 45 last month

Months of Inventory are at 3.19 MONTHS OF INVENTORY
 UP from 3 last month

We are sitting in a SELLERS' Market
(0-4 months is Seller's; 4-6 months is Balanced; 6+ is Buyer's)

Your friend,
Kevin Machado

#stalbert #yeg #realestate #yegrealestate #realtor

Тэги:

#Real_Estate #Realtor #Remax #YEG #St._Albert

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