When it comes to home sales, there always seems to be a category that bucks the trend. We’re seeing slower home sales in most types of property here in Edmonton but this year the exception seems to be Duplexes and Townhomes. While single family homes and condo sales were down in September, sales of Duplexes and Townhomes were up 17.21% over September of last year.
Clearly more home buyers have turned their attention to this type of property. In addition to strong sales, Duplexes and Townhomes are commanding strong prices, 2.76% higher than they were in August, and 4.28% over last year, at an average of $364,203.
Clearly these properties are attracting the attention of buyers whose needs fall somewhere between a Condo and a single family home. In many cases, they offer more space than the average condo, while being more affordable than the average single family home.
Would a townhome or duplex make sense for you? It depends what’s happening in your life right now. Have a conversation with your local REALTOR®. Exploring the duplex/rowhouse market may open new doors on your search for a new home. Ask your local REALTOR® –here when life happens.