Condo Prices take 10% jump in July as single family dwellings are in short supply in YEG Not all condos are in high rises, but condos are definitely seeing the highest rise in prices in our city! Last month, we noted that the condo market was the busiest part of residential Real Estate in Edmonton, even though that activity wasn’t necessarily translating into higher prices. The safest bet would be that prices would be on the rise as activity continued and in June, prices rose. And rose. We actually saw a 10% increase in condo prices from May to June. • Average condo price in June = $261,854, up 10.18% from May. That also makes condo prices 8.7% higher than the same time last year! That condo market is definitely attracting buyers, particularly as we continue to see a lack of inventory on entry level single family homes. Economic conditions in our city are encouraging more buyers into the market, and for many, condo life makes sense. Does it make sense for you? Source RAE info: Official blog of REALTORS® Assoc of Edm
Posted on: Thu, 25 Jul 2013 15:37:26 +0000
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