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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

Thursday, October 13, 2016 - Mayfield Homes for Sale in West Edmonton

Mayfield Houses for Sale

Visit Mayfield Homes for sale for all active listings in this neighbourhood in west Edmonton.  So far in 2016, the average selling price for a home in the Mayfield area has reached $333,375.  This average sole price is up substantially from 2015, last year the Mayfield area only managed to average $317,277.  However, part of the increase in explained by the number of basementless homes that sold this year versus last year.  Roughly a 1/3 of the sales in 2015 did not  have a basement, this year that percentage of sales with no basement has been only about 12%.   Homes in Edmonton without a basement tend to sell for tens of thousands of dollars lower than a home with a basement.  These average selling price statistics are created by looking at what a single family detached home sold for in the neighbourhood, the other styles of homes such as duplexes or condominiums are not included in the above averages. At the high end of the Mayfield real estate market this year, the highest price that a home has sold for has been $405,000.  That sale was for an extensively renovated home.   Meanwhile at the other end of the price range, the most affordable home in the neighbourhood in 2016 has sold for $219,700.  On average it is taking 39 days to sell a home in Mayfield this year, and that is faster than the Edmonton average time to sell in 2016 of 49 days. Last year in Mayfield, the average timie it took to sell a home was 30 days. 

Moving over to the condo market in Mayfield, the average sale price in 2016 is currently sitting at $156,750 with an average time to sell a condo in Mayfield of 122 days.  The condo complexes that have had a unit sell in them over the last 12 months in the area include the following:  Glen Orr Townhomes and Mayfield Terrace

Mayfield homes for sale in west edmonton price graph

posted in Edmonton Real Estate Market Reports by Neighbourhood at Thu, 13 Oct 2016 23:10:14 +0000



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