The people of Edmonton and area enjoy one of the highest standards of living in the world. Some of the reasons for this include the many parks and green spaces, great employment opportunities, ACHIEVEABLE HOUSING, the hospitality and friendly atmosphere, great schools, strong communities, a strong centre for the arts and a great place to do business.
According to latest figures released by the Edmonton Real Estate Board, the average* price of single family homes in the Edmonton area has hovered around the $350,000 mark for the first quarter of this year, reported the REALTORS® Association of Edmonton. At the beginning of January the average price for a SFD was $351,870. The price varied slightly and at the end of March the average SFD price was $349,716, up 0.7% from the previous month. Condo prices were a little more volatile but popped up 1.6% in March to $230,469, after a 5% drop in February. The average price of a duplex/rowhouse was $276,776.
There were 2,891 residential listings in March (down 31.7% from last March) resulting in a month end inventory of 7,476 residential properties (down from 9,464 in March 2008). The sales-to-listing ratio was 48% and average days-on-market was 56 days (down five from February).