Скачать или смотреть 📊🏡Edmonton Real Estate Market Update | May 2023 | Mani Bagga and Shivani Bagga

📊🏡Edmonton Real Estate Market Update | May 2023 | Mani Bagga and Shivani Bagga
May Housing Statistics: "Edmonton Market Sees Strong Year-Over-Year Growth in Detached Average Price"
-
Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for May 2023 hit 2,719, decreasing 6.8% compared to May 2022 but increasing 34.4% from April 2023. New residential listings were down 17% year-over-year from May 2022, while also noting an increase of 14.2% from April 2023. Overall inventory in the GEA was down 5.9% from May of last year, and up 2.6% from the previous month.

For May, detached unit sales were down 9.6% from May 2022, but saw an increase of 37.7% from April 2023 at 1,692. Semi-detached unit sales were down 12.8% year-over-year but increased by 38.4% from April 2023. Row/Townhouse unit sales saw increases in both year-over-year and month-over-month, noting improvements of 4.1% and 27.8% respectively. Apartment Condominium unit sales also had increases of 3.7% from May 2022 and 22.2% from the previous month.

Total residential average prices hit $420,507, a 1.5% decrease from May 2022, and an increase of 2.8% from April 2023. Detached homes averaged $512,338, a 1.2% year-over-year increase and an increase of 2.3% from April 2023. Semi-detached sold for an average of $381,968, resulting in a small 0.7% decrease year-over-year, but saw an increase of 0.8% from the previous month. Row/townhouse prices were down both 4.3% from May 2022 and 3.1% month-over-month, selling at $253,417. Apartment Condominium average prices hit $193,218, showing decreases of 0.3% from last month and 8.1% from May 2022.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $378,800, resulting in an increase of 0.5% from April 2023, but a decrease of 8.4% from May 2022.

“We’ve certainly seen the real estate market come to life in the month of May,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “Although small, there were improvements in the year-over-year detached average prices as well as row/townhouse and apartment condominium unit sales.

Detached homes averaged 40 days on the market, a two-day decrease from April 2023. Semi-detached homes averaged 37 days on the market, decreasing four days from the previous month, with row/townhouses averaging 42 days on the market, a decrease of three days month-over-month. Apartment condominiums averaged 56 days on market, showing no change from April 2023. Overall, all residential listings averaged 42 days on the market, increasing by 13 days year-over-year and dropping two days from April 2023.
For more information visit: https://realtorsofedmonton.com/Market...
—⁠
DON’T FORGET TO FOLLOW US:
🌐Website- https://www.manibagga.com/
📲Instagram-   / mani_bagga  
📲Facebook-   / baggateam  
📲LinkedIn-   / manibagga  
📲Twitter-   / manibaggarlp  
📲Pinterest- https://www.pinterest.ca/bagga1104/_c...
—⁠
🧐 Looking to buy or sell a property but don't know where to start? Let The Bagga Team help you with your home search! BAG A DEAL with THE BAGGA TEAM!⁠ ⁠
—⁠
🌐 www.ManiBagga.com
⁣ 📲 780-431-5615
—
⁠#TheBaggaTeam #EdmontonRealEstate #YEGRealEstate #YEG #HomeForSale #EdmontonRealtors #YEGRE #LuxuryHomes #Realty #RoyalLePageCanada #New #EdmontonLiving #FollowForFollow #FollowBack #FollowMe #BandNew #ManiBagga #AzraBagga #ShivaniBagga #March #Recap # UnitSales #condo #SingleFamily #townhouse #Duplex #EdmontonHousingStatistics #Statistics #EdmontonRealEstateMarketUpdate