Real Estate Market Stays the Course

Susan Jones from the St. Albert Gazette is reporting that St. Albert realtors are optimistic that the stable market is starting to pick up.  From the Edmonton Realtors Association first quarter statistics show that this year 182 single-family dwellings sold in St. Albert.  That compares to 146 sales in the same three-month period in 2011 and 165 in 2010.  45 condos have been sold this year compared to 53 last year and 73 in 2010.  Projections point to more workers moving to the province and it is anticipated those residents will be searching for homes in the Edmonton, Alberta area.  Homes are beginning to sell slightly faster, with the average number of days on the market for March being 53.  The average selling process for a single-family home in St. Albert was listed at $430,035 in March, large year the average was $415,064.  That number may be a little skewed due to several higher-end homes sold.  “In the greater Edmonton area market year-to-date there were 8,328 listings compared to 7,619 the year before.”  In the metropolitan Edmonton market condominium prices were up 2.23% overall, which shows its overall increase.

 

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