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Introduction
Welcome to the latest Edmonton Real Estate Market Update for November 2023. I am thrilled to provide you with a comprehensive overview of the current market trends and statistics. Let's dive into the numbers and gain valuable insights into the Edmonton real estate landscape.
New Listings Overview
In November 2023, Edmonton witnessed a total of 1630 new listings, marking a significant change of -19.7% from the previous month. Explore the diverse offerings in different regions, such as Northwest Edmonton, Northeast Edmonton, Southeast Edmonton, and Southwest Edmonton.
Total Sold Overview
Despite a challenging month, 1186 homes were successfully sold in Edmonton during November 2023, reflecting a -8.3% change month-over-month and a remarkable 37.9% change year-over-year. Explore our latest MLS listings for single-family homes and half-duplex properties.
Single-Family Homes
Average Prices
The average price of a single-family detached home in Edmonton for November 2023 was $469,889.6, demonstrating a slight decrease of -1.2% month-over-month and a positive 1.9% change year-over-year. Discover your dream home in our single-family homes collection.
Median Prices
For those seeking median prices, the statistics reveal a median price of $425,750, showcasing a -2.6% change month-over-month and a -2% change year-over-year. Explore our luxury single-family homes for a refined living experience.
Half-Duplex Properties
Average Prices
Investors and homebuyers interested in half-duplex properties witnessed an average price of $359,168.8 in November 2023, indicating a -10% change month-over-month and a -1.4% change year-over-year.
Median Prices
For those interested in median prices, November showcased a median price of $371,000, revealing a -3.1% change month-over-month and an impressive 5.4% change year-over-year.
Condominiums
Condo enthusiasts experienced an average price of $167,042.7, with a -16.8% change month-over-month and a -13.6% change year-over-year. The median price stood at $151,500, reflecting an -8.2% change month-over-month and a -5.3% change year-over-year. Delve into our exclusive luxury condos collection for a taste of refined urban living.
Townhomes
Townhome aficionados witnessed an average price of $270,097.6, with a 4.2% change month-over-month and a substantial 11.6% change year-over-year. The median price reached $280,000, showcasing an 8.3% change month-over-month and an impressive 19.1% change year-over-year.
Sales-to-New-Listing Ratio
The sales-to-new-listing ratio for Edmonton in November 2023 was 0.73, highlighting a dynamic market where opportunities abound. Navigate seamlessly through our listings with our interactive map search feature.
Cumulative Days On Market
While the cumulative Days On Market for detached single-family homes, duplexes, condos/apartments, and townhomes is currently unavailable, our team at Home Analytics ensures a swift and efficient process for buyers and sellers alike.
In conclusion, the Edmonton real estate market remains dynamic, presenting diverse opportunities for both buyers and sellers. For a personalized experience in navigating the Edmonton real estate market, contact me today. Let's make your real estate journey a success!