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Hazeldean 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Hazeldean:

  • Total number of Single Family homes sold:  51
  • Average home selling price:  $340,893
  • Average selling price per square foot:  $318.32
  • Average days on the Market: 45 days

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King Edward Park 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of King Edward Park:

  • Total number of Single Family homes sold:  50
  • Average home selling price:  $341,267
  • Average selling price per square foot:  $312.30
  • Average days on the Market: 45 days

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Ritchie 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Ritchie:

  • Total number of Single Family homes sold:  60
  • Average home selling price:  $348,165
  • Average selling price per square foot:  $313.10
  • Average days on the Market: 40 days

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Bonnie Doon 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Bonnie Doon:

  • Total number of Single Family homes sold:  59
  • Average home selling price:  $429,124
  • Average selling price per square foot:  $339.12
  • Average days on the Market: 54 days

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Cloverdale 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Cloverdale:

  • Total number of Single Family homes sold:  1
  • Average home selling price:  $618,888
  • Average selling price per square foot:  $334.17
  • Average days on the Market: 120 days

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Holyrood 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Holyrood:

  • Total number of Single Family homes sold:  40
  • Average home selling price:  $342,992
  • Average selling price per square foot:  $304.68
  • Average days on the Market: 36 days

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Edmonton, February 2, 2012: It was a typical January. The REALTORS® Association of Edmonton reports that housing prices in January softened and sales numbers were low as compared to the previous month. This January followed the usual trend with prices generally lower than the previous month and sales on par with December. However, except for the condo market, year-over-year prices and residential sales were up.

 

“We are predicting a slow but steady growth pattern for the market in 2012 and, as usual, this year started off slowly but is already showing signs of strength as we roll into spring,” said REALTORS® Association of Edmonton President (2012) Doug Singleton. “Listing and sales activity is up markedly as compared to a year ago. Listings in January as compared to December are up over 126%.” There were 5,303 residential properties in the local MLS® System at the end of January.

 

In January, the average price of a single family detached (SFD) home was $362,926, down just 1.1% from December 2011. A year ago the average price was $354,180. The condo market is still showing signs of distress. The average price of a condo in January was $215,407, down 4.9% from the December price. A year ago the average condo price was $223,807. Duplex and rowhouse properties sold on average for $304,590; an 8.3% improvement from last month and up 2.8% from a year ago.

 

The average residential price (including all SFD, condo, duplex and townhouse properties sold in the Greater Edmonton Area) was $318,034: up 0.7% from December and up 2.6% from last January. Sales are not keeping pace with new listings and the sales-to-listing ratio was low at just 36%. There were 2,441 residential properties listed and 881 sold in January (up 7.1% from a year ago). Average days-on-market in January was 65, the same as December.

 

“Interest rates remain at a historic low point and are not expected to rise this year. Combined with an expected increase in listing activity, the low interest rates make this a great time to enter the real estate market,” said Singleton. “Buyers have increased choice and there is a massive amount of information in the real estate market. REALTORS® are uniquely qualified to sort through the data and help buyers and sellers to make informed decisions that support their hopes and dreams. REALTORS® are here when life happens.”

 

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Idlwylde 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Idylwylde:

  • Total number of Single Family homes sold:  15
  • Average home selling price:  $315,258
  • Average selling price per square foot:  $295.68
  • Average days on the Market: 45 days

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Kenilworth 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Kenilworth:

  • Total number of Single Family homes sold:  37
  • Average home selling price:  $323,833
  • Average selling price per square foot:  $279.92
  • Average days on the Market: 34 days

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Ottwell 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Ottewell:

  • Total number of Single Family homes sold:  80
  • Average home selling price:  $346,327
  • Average selling price per square foot:  $280.35
  • Average days on the Market: 42 days

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Strathearn 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Strathearn:

  • Total number of Single Family homes sold:  23
  • Average home selling price:  $409,013
  • Average selling price per square foot:  $338.38
  • Average days on the Market: 38 days

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Capilano 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Capilano:

  • Total number of Single Family homes sold:  45
  • Average home selling price:  $375,896
  • Average selling price per square foot:  $322.48
  • Average days on the Market: 39 days

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Forest Heights 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Forest Heights:

  • Total number of Single Family homes sold:  45
  • Average home selling price:  $375,896
  • Average selling price per square foot:  $322.48
  • Average days on the Market: 39 days

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Fulton Place 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Fulton Place:

  • Total number of Single Family homes sold:  33
  • Average home selling price:  $354,633
  • Average selling price per square foot:  $294.06
  • Average days on the Market: 37 days

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Gold Bar 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Gold Bar:

  • Total number of Single Family homes sold:  30
  • Average home selling price:  $336,563
  • Average selling price per square foot:  $294.56
  • Average days on the Market: 32 days

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Terrace Heights 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Terrace Heights:

  • Total number of Single Family homes sold:  23
  • Average home selling price:  $330,956
  • Average selling price per square foot:  $290.74
  • Average days on the Market: 44 days

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Bisset 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Bisset:

  • Total number of Single Family homes sold:  31
  • Average home selling price:  $302,029
  • Average selling price per square foot:  $247.52
  • Average days on the Market: 40 days

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Crawford Plains 

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Crawford Plains:

  • Total number of Single Family homes sold:  37
  • Average home selling price:  $312,751
  • Average selling price per square foot:  $261.65
  • Average days on the Market: 44 days

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 Daly Grove

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Daly Grove:

  • Total number of Single Family homes sold:  29
  • Average home selling price:  $319,375
  • Average selling price per square foot:  $261.46
  • Average days on the Market: 43 days

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 Ekota

 

Reporting Period:  January 1, 2011 – December 31, 2011

 

Summary of single family homes sold in community of Ekota:

  • Total number of Single Family homes sold:  16
  • Average home selling price:  $319,993
  • Average selling price per square foot:  $243.55
  • Average days on the Market: 45 days

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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.