Belgravia Market Update 2016

Posted by Maxwell Progressive on Thursday, September 1st, 2016 at 8:14am.

Belgravia Market Trends

2016 Edmonton Real Estate Market trends update for selling prices of Homes in Belgravia, Central Edmonton neighbourhood located near the university of Alberta. So far in 2016, the average sold price for a single family detached home in Belgravia has been $875,657, which is way up from the average in Belgravia 2015 which was $736,280. Seven of the twenty-one sales this year in the neighbourhood have been over one million dollars. The average days on the market is 53 up from the 38 days on market inb 2015. The highest selling home in Belgravia so far this year has been $1,750,000 which took 133 days to sell. The majority of the homes for sale in Belgravia have been bungalows and two-story homes. The neighbourhood is known for it's great schools, parks and close proximity to the Univerisity of Alberta campus and hospital.


The condo market has been a bit of a different story in terms of price and number of sold condos in 2016. The average sold price for a condo in Belgravia in 2016 is $435,000. Down from $445,116 in 2015. Only twelve units sold last year in the neighbourhood. The average days on market were slightly higher at 40 days. 29 days has been the average days on market so far in 2016. Many of the condos for sale in Belgravia are higher end luxury with price points north of $300,000. Read more about the different Condos in the neighbourhood.

Here are all the current Homes For Sale in Belgravia at the moment.

 

 

The neighbourhood is quiet in nature and is linked to Windsor Park and close by the University of Alberta campus and hospital, as it is bounded on two sides by the river valley and ravine system. The McKernan neighbourhood lies to the east separated by 114 st and the main Edmonton Light Rail Transit system that makes a stop at the Belgravia/McKernan station. Residents can enjoy great access to this public transportation option. There is also a small commercial area within the neighbourhood, located along 76th Avenue which is home to The Belgravia Hub. 


For a more detailed list of recently sold homes in Belgravia, sign up for our exclusive market analysis custom built for you. We will deliver all the information you need to keep informed of the Edmonton market trends, month to month. Having valuable local information will help you make an informed decision on buying or selling your next home in Edmonton. 

 

For access to our exclusive Edmonton real estate search tools, register with Realty Executives Progressive today. You can save your favourite searches and subscribe to email notifications when new properties are added with your specifications.

Interested in more information about Edmonton area homes for sale? Contact Edmonton Realtor ® Robert Fyfe via email, phone 780-700-4075 or try a custom Edmonton Area MLS ® Search

* Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. All Edmonton real estate data has been gathered from REALTORS® Association of Edmonton. All data is believed to be accurate but is not guaranteed. 

 

 

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