Balwin Edmonton Real Estate

The Balwin Edmonton real estate average sale price per square foot has fallen lower this quarter.  Balwin's average selling price per square foot has slipped back to a similar level that was seen in early 2009.  I don't expect this weakness to continue.  Balwin traditionally does sell lower than the Edmonton average sold price per square foot, but normally within $10 per square foot, not $30 to $60 per square foot lower.  Since April there has been quite a few sales of homes on or near 66 street, this area  of Balwin does tend to sell for a lower per square foot than homes closer to 82 street.  For that reason, I do expect the Balwin selling price per square foot to strongly rebound as we move further into 2012.  The highest sale price recorded in 2012 in Balwin has been $330,800.  The average time to sell a home in Balwin in 2012 has been 94 days.  That is much slower than the Edmonton average days on market of 45 year to date.

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