Wednesday, 19 November 2014

Allendale U of A Area Homes for Sale

Allendale U of A Area Homes for Sale

Visit Allendale U of A area homes for sale for the active listings of houses, duplexes and condos for sale in this Edmonton neighbourhood in the University of Alberta area. So far this year, the average sale price for a single family detached home in Allendale has reached $402,633.  This year is the first time that Allendale has managed to have an annual average selling price that is higher than $400,000.   That average sale price is roughly 5% higher than the 2013 average sold price in Allendale of $386,440.   These average sale price stats above are calculated on a single family detached home sale; the other property classes such as duplexes or condominiums are not included in these average selling price statistics.  In the upper end / luxury price segment of the Allendale Edmonton real estate market, the highest price that a home sold for so far in 2014 has been $730,000.  That sale was of a 2300 square foot home that was an infill property.  It also had a double detached garage.  At the entry level end of the price range in Allendale, the lowest sale price for a home in 2014 in the neighbourhood sold for $273,750. That home was a smaller 730 square foot property on a 35 foot frontage lot.     On average it takes 35 days to sell a home in Allendale in 2014.  That is a little bit faster than the Edmonton average days on market of 40 days this year.    Looking back to 2005, the real estate property values in the Allendale neighbourhood have increased by 83%.

In the duplex / townhouse real estate market in Allendale, the average sold price for a duplex this year has been $519,636.  On average it is taking 63 days to sell a duplex in Allendale.  75% of the duplexes sold this year in Allendale were built in the last 3 years.  Infill duplexes continue to make a larger share of the market in Allendale. 

Now, looking at the condo market in Allendale, condominiums are selling on average for $459,716 and on average it takes 69 days to sell a condominium in Allendale this year. At the high end of the market, the highest price that a condo has sold for in the neighbourhood this year has been $494,000, and the most affordable condo in Allendale sold for $420,150. The Allendale condo complexes that have had units sell in them this year include: Ginger and another new townhouse complex that has yet to be named.

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