Tuesday, 25 November 2014

Best Selling Neighbourhoods in Edmonton

Best Selling Neighbourhoods in Edmonton

One way to determine how well a neighbourhood sells is to look at the average days on market. The average time it takes to sell a single family detached home in Edmonton for the last 12 months (from November 2013 to October 2014) has been 41 days.  When you look at the stats broken down by neighbourhood it can give you an indication of the popularity of a neighbourhood.  The faster a home sells in the neighbourhood (lower the number of days on market) implies that the area is desirable.   A note about the stats below, to give a truer representation I've only included neighbourhoods with at least 5 home sales in the last 12 months so there is a decent sample size. Other things to consider is how close to list price that a home sells, the average selling price of a neighbourhood etc.  I will be doing up posts showing the top neighbourhoods based on other selling stats as well.  Here are the top 15!
Top 15 Fastest Selling Neighbourhoods in Edmonton
Bergman 17.7 days to sell
Hairsine 19.1 days to sell
Steinhauer 19.3 days to sell
Blue Quill 21.2 days to sell
Canon Ridge 22.9 days to sell
Lendrum Place 22.9 days to sell
Duggan 23.1 days to sell
Tweddle Place 23.4 days to sell
Ekota 23.6 days to sell
Central McDougall 24.0 days to sell
Garneau 24.0 days to sell
Rio Terrace 24.0 days to sell
Greenfield 24.3 days to sell
Idylwylde 24.5 days to sell
Avonmore 24.5 days to sell
Most of the neighbourhoods continue to be on the south side (10 out of the 15 are neighbourhoods on the south side of the North Saskatchewan river).  3 neighbourhoods are in Northeast Edmonton / Clareview (Bergman, Hairsine and Canon Ridge), and  2 Mill Woods neighbourhoods made the list too (Tweddle Place and Ekota). Only 1 neighbourhood made the list from the west end of Edmonton and that is Rio Terrace.  2 Mill Creek ravine area neighbourhoods made it, Idylwylde near Bonnie Doon Mall and Avonmore.  Central McDougall and Garneau are two centrally located neighbourhoods on either side of the river.  Many of the fast selling neighbourhoods follow the LRT (light rail transit) line on the south side of the river, and those neighbourhoods are Steinhauer, Blue Quill, Lendrum Place, Duggan and Greenfield.
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