Edmonton is a growing city, and the average selling prices for detached homes have been steadily increasing over the past few years. In this blog post, we will discuss the average selling prices for detached homes in Edmonton and provide some tips for sellers.
Average selling prices
According to the Realtors Association of Edmonton (ARE), the average selling price for a detached home in Edmonton in June 2023 was $485,000. This was an increase of 12% from the previous year. The average selling price for a detached condo was $365,000, an increase of 11% from the previous year.
The average selling price for a detached home in Edmonton varies depending on the neighborhood. Some neighborhoods are more expensive than others. For example, the average selling price for a detached home in the West End is higher than the average selling price for a detached home in the Northeast.
Factors that affect the average selling price
A number of factors can affect the average selling price for a detached home in Edmonton. These factors include:
- Location: The location of the home is one of the most important factors that affects the average selling price. Homes in desirable neighborhoods will generally sell for more than homes in less desirable neighborhoods.
- Size: The size of the home is another important factor that affects the average selling price. Larger homes will generally sell for more than smaller homes.
- Age: The age of the home can also affect the average selling price. Newer homes will generally sell for more than older homes.
- Condition: The condition of the home is another important factor that affects the average selling price. Homes that are in good condition will generally sell for more than homes that are in poor condition.
- Number of bedrooms and bathrooms: The number of bedrooms and bathrooms in the home can also affect the average selling price. Homes with more bedrooms and bathrooms will generally sell for more than homes with fewer bedrooms and bathrooms.
- Lot size: The size of the lot can also affect the average selling price. Homes with larger lots will generally sell for more than homes with smaller lots.
- Features: The features of the home can also affect the average selling price. Homes with desirable features, such as a swimming pool or a finished basement, will generally sell for more than homes without these features.
Tips for sellers
If you are considering selling your detached home in Edmonton, there are a number of things you can do to increase the selling price. These tips include:
- Make your home as appealing as possible. This means keeping your home clean and well-maintained. You should also declutter your home and remove any personal items.
- Stage your home. Staging your home can help it sell for more money. This involves arranging the furniture in a way that makes the home look spacious and inviting.
- Price your home competitively. It is important to price your home competitively. If your home is priced too high, it will sit on the market for longer.
- Hire a Realtor to sell Detached Single Family Houses in Edmonton. A good realtor can help you sell your home for the best possible price.
Conclusion
The average selling price for a detached home in Edmonton is $485,000. This is an increase of 12% from the previous year. A number of factors can affect the average selling price, including location, size, age, condition, number of bedrooms and bathrooms, lot size, and features. If you are considering selling your detached home in Edmonton, there are a number of things you can do to increase the selling price.
KRAM & ASSOCIATES INC
KRAM & ASSOCIATES INC is a leading Realtor for selling Detached Single Family Houses in Edmonton. We have a team of experienced realtors who can help you sell your home for the best possible price.