Monday, 24 November 2014

Newton Homes for Sale in Edmonton

Newton Homes for Sale in Edmonton

Click Newton Homes for sale in Edmonton for active listings of houses, duplexes and condos for sale in this Northeast Edmonton neighbourhood. As we are closing out 2014, the average selling price for a single family detached house in Newton for the year has reached $296,878.  That selling price is up from 2013, last year in Newton the average sold price for a home was only $279,435, or in other words a 6.2% increase in price year over year.   These average sale price statistics 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 values.  In the high end / luxury price segment of the Newton Edmonton real estate market, the highest price that a home sold for so far in 2014 has been $430,000. That home was a bungalow that was roughly 1600 square feet, it had a front attached garage and was built in the early 1990's.  Most of the homes in Newton were built in the 1950's  At the lower end of the market, in the starter home price segment of Newton,  the most affordable home in the neighbourhood this year sold for $147,286.  That home was very small, 500 square feet and it was sitting on a narrower lot with frontage of 33'.   On average it takes 38 days to sell a home in Newton Edmonton this year. That is about the same as the  Edmonton average days on market of 40 days this year.  Comparing property values in Newton back to the year 2005, the real estate property values in the Newton neighbourhood have increased by 88%.

In the duplex / attached home market in Newton Edmonton, the average sale price for a duplex in 2014 has reached $315,000. On average it is taking 39 days to sell a duplex in Newton this year. 

Having a look at the Newton Edmonton condo market, the average selling price for a condo in the neighbourhood so far this year has been $143,000, with an average time to sell a condo of 124 days.  The condo complexes that have had units sell in them this year in Newton were in Ada Place, a condo conversion on 118th avenue. 

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