New Report Shows Edmonton And Area Homes Steady But Sales Down 2016
Home prices in the Edmonton area remained steady in September compared to a year ago, but sales continued to decline, a report by the Realtors Association of Edmonton shows.
While the average value of single-family homes is down slightly from the 2014 peak, condos remain the same and duplex row houses are up, association chair Steve Sedgwick said Tuesday.
“The real story here is how our average prices have remained virtually unaffected by the higher inventory and slowdown in sales,” he said.
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Marchuk’s multi-year homeowner nightmare began when she noticed a puddle on the basement floor after a heavy rainstorm. That led to finding a crack under a work table. When the table was moved out of the way, there turned out to be a gaping hole in the foundation.
The more she looked for problems, the more she found them. Studs had rotted. The one wall in the basement that was covered in drywall when she bought the house turned out to be in even worse shape.