Queen Mary Park Edmonton Real Estate

The Queen Mary Park Edmonton real estate average sale price per square foot has been quite weak the last 3 quarters.  The average selling price per square foot in Queen Mary Park was close to the Edmonton average selling price per square foot for all of 2009 and the first half of 2010.  The interesting thing is that this is the opposite what I would expect to be happening in Queen Mary Park.  Queen Mary Park is close to the redevelopment site of the Edmonton Municipal Airport, and I would of expected the property values to be appreciating not declining due to the future development in the area.  The highest sale price for a home in Queen Mary Park in 2012 has been $276,000.  The highest sale price for a home in Queen Mary Park last year was $350,000.  The average time to sell a home in Queen Mary Park this year has been a quick 20 days.  That is less than half the Edmonton average of 50 days on market in the first quarter of 2012.

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