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University of Alberta area neighbourhood in Edmonton As we end 2014, the average selling price for a single family detached house in Parkallen for the year is now sitting at $439,940. That is almost identical to the Edmonton average selling price for a house in 2014 which is $439,167. Comparing the 2014 selling price average to last year in Parkallen, the average sold price for a home in this U of A area neighbourhood was $443,165. That is an slip in property values of 0.7% on an annual basis in Parkallen. These average sale price amounts above are based on a single family detached home sale; the other property classes such as duplexes or condominiums are not included in these average selling price stats. In the upper end / luxury price segment of the Parkallen Edmonton real estate market, the highest price that a home sold for so far in 2014 has been $781,100. In 2013 in Parkallen, the highest sale price was $895,000 and that sale pulled up the average last year, it also explains the higher average sold price in 2013 versus 2014. This high end property that sold in 2014 was almost 2000 square feet and was an infill property built in the 1990's. The home also sold over list price and was in multiple offers. At the entry level end of the market for Parkallen Edmonton, the lowest priced home in the neighbourhood this year that sold, sold for $271,000. This sale was basically a tear down, it was under 800 square feet on a lot with 35 feet of frontage. On average it has been taking 38 days to sell a home in Parkallen, Edmonton this year. This is basically the same as the Edmonton average days on market of 40 days in 2014. Going back to 2005, Parkallen real estate property values have increased by 81%.
Looking at the condo market in Parkallen in 2014, the average selling price for a condo has been $295,000. The highest price that a condo has sold for this year in this U of A area neighbourhood has been $435,000. On average, it takes 66 days to sell a condo in Parkallen this year. The condo complexes in Parkallen that have had units sell in them this year include: Parkallen Pointe, Beau Park, Park One East and Park One West.
- To view graphs on other Edmonton neighbourhoods visit Average Edmonton Home Sale Prices by Neighbourhood.
- If you are interested in a no obligation professional market evaluation on your U of A area Edmonton Home or need help finding a home click ParkAllen homes for sale