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Year-over-year, June real estate sales in Edmonton have dropped 11.1 per cent; buyers have lots of choices. JINATr.AN HArvARD/THE cAlrADff.[r pngss

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Real estate sales in Edmontondown in Juhe, prices stay levelRTA.6I GAR.IIER

Edmonton's real estate markethasexperienced a summer slowdownafter abusyspring. The number ofresidential units reported sold inthe Edmonton Census Metropol-itan Area (CMA) was flat month-over-month but down 11.1 per centyear-over-year for June.

There were 1,117 single-familysales reported in June 2016. Thatnumber is down 1O.l per centfromJune 2O15, but onparwiththe t,Il9reported sales in May.

Reported condo sales totalled465, up 1L5 per cent month-over-month and down 18.TpercentfromJune 2015. Dupley'rowhouse sales

were 173 in June, up 9.8 per centfrom last year but down 14.8 percent from May.

Residential average sale pricesremained virtually the same asJune 2015, up only O.l per cent.At $435,366, single-family homesexperienced a decline in averageprice of 1.1 per cent from May andI.8 per cent from June last year.

The average condo price -$262,326 - was bolstered by thesale of several luxury properties.That figure was up 3.5 per centfrom May and 2.5 per cent fromlast year. The average duplex/rowhouse sold for $352,7785 (up 4.6per cent year-over-year and 0.7 percentfromMay).

"Although June's residential unitsales are up slightly over May, wedidnot see the numbers set inJuneof 2Ol5," said Steve Sedgwick, Re-altors Association of EdmontonChair, in a news release.

"Also notable is that the sus-tained lull in sales we have seenover the past two years has notbeen reflected in average price.Continued sales of higher-priced properties in the regionhave helped keep average pricesstrong."

Total new residential listingsin June were 3,041, down six percent from May and down 4.7 percentfromthe previous year. Therewere 8,179 residential properties

available in the Edmonton CMAat the end of June, up from 7,177in June of 2015 and 5,609 in Juneof2Ol4.

"Inventory remains high and buy-ers continue to have good selection,"Sedgwick said. "This is welcomeparticularly to those looking inthe popular $350,000 to $45QO0Osingle-family price range."

In June, the residential averagedays on marketwas 53 days, downone day from May and up four daysrelative to June 2015.

On average, single-family de-tached homes sold in 50 days inJune, while condominiums sold inan average of58 days and duplex/rowhouses in 53 days.