As reported by the REALTORS® Association of Edmonton, Edmonton housing prices in February rose somewhat significantly in February compared to the previous month, and even higher when compared to the same period last year. Specifically, February sales rose 3.7% vs. January and 5.7% vs. February/11, with the all-residential average at a rather lofty $329,911.
“Average prices in February were higher than the year-long average price for last year,” commented Doug Singleton, president of the REALTORS® Association of Edmonton. “Buyers seem to have confidence and REALTOR® offices are reporting solid traffic. This is lifting prices up and they are already higher than at the same time in the past two years.”
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As reported by the Realtors Association of Edmonton, housing prices in January followed a “business as usual” pattern for this time of year: slightly lower prices than December, and about the same volume.
“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,” commented Doug Singleton, President of the REALTORS® Association of Edmonton. “Listing and sales activity is up markedly as compared to a year ago. Listings in January as compared to December are up over 126%.”
In terms of specific numbers for January:
The average price of a single family detached (SFD) home dropped 1.1% from the previous month to $362,926, but
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