Record setting single family home sales in Edmonton
1048 single family homes sold in Edmonton in April, up 15.9% from last April, and the most we've seen in the month of April since I've been keeping track (2005). And while there are many stories of multiple offers and homes selling for thousands over list price, the majority of listings are selling in the usual way, with conditions, inspections, appraisals and all the other steps that help buyers make good decisions. When the market peaked, back in 2007, we saw the average list to sale price ratio for single family homes soar over 99%, when it typically sits around 97%, today it sits at 98.3%.
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