Edmonton Condo Market: Weekly Update
Condo buyers in the surrounding areas of Edmonton are willing to dig a little deeper in their pockets to get the Condominium they want; at least this past week.
Average sales price of condos in surrounding bedroom communities (St. Albert, Sherwood Park, Fort Saskatchewan, Leduc, Beaumont, Spruce Grove, and Stony Plain)Â was $245,400 whereas Edmonton proper saw average sales price of $229,800.
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Here are complete stats for the past 7 days:
| Â Â 7-Nov-08 | New Listings | Sold | Ratio | Price Changes | Active Listings | AVG Sales Price |
| Â Edmonton | Â 181 | 44 | 24.3% | 138 | 2222 | $229,745 |
| Â High-Rise | Â 34 | 3 | 8.8% | 18 | 338 | $203,500 |
| Â Low-Rise | Â 83 | 25 | 30.1% | 59 | 1140 | $223,127 |
| Â Townhome | Â 64 | 16 | 25.0% | 60 | 744 | $241,328 |
|  Surrounding Area |  30 | 12 | 40.0% | 27 | 426 | $245,350 |
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High-rise condo sales looked dismal, but keep in mind these stats are only for the past week. More background data and charts to come in the days and weeks ahead. Comments?
Edmonton Condo Prices Fall in October
The average selling price of residential real estate in Edmonton fell by about 2% this month, but condos were much to blame for the overall drop.
Condo prices fell almost 6% this month, following a strong September. We’ll have more details later this week
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