Average house prices lower compared to January 2012

Average single-family homes prices in St. Albert dropped by 0.7 per cent compared to the same month last year, the Realtors Association of Edmonton reported this week in their monthly housing bulletin.

Thirty-eight units were sold in the last month, compared to 43 a year earlier.

The average selling price of a single-detached home in January was $434,894. In 2012 that price was $438,039.

The median price for singles in January was $391,500.

Seventeen condos were sold in January, eight more than the year before.

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