Condo sales on rise in Edmonton area
Edmonton Journal
Wednesday, June 05, 2013
Entry-level buyers may have boosted sales of Edmonton-region condos in May because affordable single-detached houses are in short supply, says the head of the Realtors Association of Edmonton.
Condo sales were up 4.9 per cent compared with May 2012, according to MLS statistics released Tuesday by the group. By comparison, total housing sales dropped 10 per cent year-over-year. Sales of single-detached homes fell 14.4 per cent and duplex and row house sales were down 20.3 per cent compared to May 2012.
At the end of May, there were 6,028 residential properties listed for sale, up from 5,294 the previous month.
The all-residential average selling price was up 2.4 per cent from April and 1.3 per cent higher than a year ago at $356,807.
© Edmonton Journal 2013
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