Rio Terrace Edmonton Real Estate

The Rio Terrace Edmonton real estate average sale price per square foot has dropped the last 2 quarters.  In 2012, Rio Terrace there has only been one sale and that home was a split level home on a busier road.  Split level homes tend to skew the average lower as some of them include the third level in their square footage.  Combining this fact with the busier road, which also lowers the price, has caused the sale price per square foot to fall.  If you look back, Rio Terrace does tend to be over $320 per square foot.  Rio Terrace is a very low crime neighbourhood, often the lowest crime in the city, the area has large lots, great river access and Whitemud Freeway access.  All of these factors cause Rio Terrace to demand a high dollar per square foot.  The highest sale price for a home in Rio Terrace this year has been $428,500.  The highest sale price for a house in Rio Terrace last year was $1,000,000. 

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