Mayfield Homes for SaleVisit Mayfield Homes for sale for all active listings in this neighbourhood in west Edmonton. Year to date in 2014, the average sale price for a home in the Mayfield area has reached $306,948. This average selling price is lower due to the higher proportion of basementless homes that make up the neighbourhood. Homes without a basement tend to sell for tens of thousands of dollars lower than a home with a basement. This is the first time since 2007 when the neighbourhood has sold for more than $300,000. This average price is up from 2013 where Mayfiled was selling for $287,096. These average selling price statistics are created by looking at what a single family detached home sold for in the neighbourhood, the other styles of homes such as duplexes or condominiums are not included in the above averages. At the high end of the Mayfield real estate market this year, the highest price that a home has sold for has been $375,000. That sale was for an extensively renovated home. Meanwhile at the other end of the price range, the most affordable home in the neighbourhood in 2014 has sold for $245,000, and it was a basementless bungalow. On average it is taking 40 days to sell a home in Mayfield this year, and that is basically the same as the Edmonton average time to sell in 2014 of 38 days. Comparing real estate prices back over the past several years, since 2005 the property values in Mayfield area have increased by 87%.
Moving over to the condo market in Mayfield, the average sale price in 2014 is currently sitting at $135,500 with an average time to sell a condo in Mayfield of 48 days. The condo complexes that have had a unit sell in them over the last 12 months in the area include the following: Acacia Place, Glen Orr Townhomes, La Villa Belvedere and Mayfield Terrace