Edmonton has seen a dramatic increase in the sales over $400,000 year to date compared to year to date last year.  In March, 2005 the average price of single family home reached $216,187.00.  The inventory of available homes at the end of the first quarter was 4,441.  Inventory sales increased by 9.5% compared to March 2004.

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, AFFORDABLE 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 selling price of single family detached homes year to date is currently $216,187 as of March, 2005. The condominium average selling price $133,784  down 1/2 of 1% for the same period last year.. All figures are record highs for the MLS. At the same time, new home prices in the region increased dramatically with time to build quoted by most builders of more that 9 months.

The strength of the Edmonton real estate market is tied to exceptional business growth, new job creation, in-migration and low interest rates-all contributing to positive consumer confidence.

The resale home market in Edmonton is overwhelmingly single-detached homes followed by condominiums and rowhouses/duplexes.