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Jason Thomas BCom
Royal Lepage Summit Realty
2611 Ellwood Dr S.W., Edmonton, Alberta
P: 780.499.5696
F: 780.431.1600
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Monday, August 18, 2014 - Ritchie Homes for Sale

Ritchie Homes for Sale

Visit Here for all Ritchie homes for sale in the Mill Creek Ravine area of Edmonton.  The average sale price for a house in Ritchie year to date in 2014 has been $436,100, that is approaching the Edmonton average sale price.  Ritchie historically has not sold this close to the Edmonton average and indicates the current strength of the real estate market in the area. 2014's average sale price is quite a bit higher than 2013, where the the average sale price in Ritchie was  $378,235.  The sold price average is based on a single family detached home sold in the neighbourhood, duplexes or condos are not included in these averages.  Looking closer at the stats, at the high end of the Ritchie market, the highest price that a home has sold for in Ritchie this year has reached $758,000.  At the other end of the price range, the most affordable home sold for $260,000.  On average it is taking 31 days to sell a home in Ritchie, that is much quicker than the Edmonton average days on market in 2014 of 38 days year to date.  Since 2005, property values in Ritchie have appreciated by a whopping 143%!   

Having a look at the duplexe market in Ritchie, the average sold price for a duplex in 2014 has reached $462,375.  There have been a growing number of infill duplexes being built in Ritchie and the other Mill Creek ravine area neighbourhoods in recent years. These newly built duplexes have really brought the average sale price up for a duplex in Ritchie. The average time to sell a duplex in Ritchie has been 50 days so far in 2014.  In the condo market, the average selling price for a condo is $307,313 with an average time to sell a condo in Ritchie of 42 days in 2014.  The condominium complexes that have had units sell in them in Ritchie over the last 12 months include: Creek Side, King Edward Place, Ritchie Place, Scona Gardens and Solstice off Whyte.

Ritchie homes for sale

posted in Edmonton Real Estate Market Reports by Neighbourhood at Mon, 18 Aug 2014 15:04:32 -0600



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Jason Thomas BCom
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Data last Updated: 2018-11-17 at 21:07:37 MST America/Edmonton
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