Edmonton’s Real Estate Market Looking Up !

                                           

The Realtors Association of Edmonton is reporting record sales of residential properties for the second month in a row.

The Association said although sales were off almost 11 per cent from June, the total number of July sales was 2,277, creating a new July record.

"Attractive mortgage rates and consumer confidence are powering the local market and sellers are being realistic about their pricing," said President of the Realtors Association of Edmonton, Charlie Ponde.

In June, MLS numbers showed a 36 per cent increase in residential home and condo sales compared to June of last year.

* The average single family home sold for $372,741 in July as compared to $369,859 in June.
* Condo prices went down one per cent at $244,265 on average in July from $247,071 in June.
* And Duplex and townhouse prices were up almost two per cent from a month ago to $296,284.

At the end of July, 6,592 residential properties were active on MLS System.