About Edmonton's Grovenor

The Grovenor Edmonton Real Estate average sale price per square foot has continued to be strong. The Grovenor average selling price per square foot did slip a little in the last quarter of 2011, I expect that average to bounce back in the $300+ per square foot range again. For more detailed real estate information including a price graph visit here: Grovenor Edmonton Real Estate

Grovenor Edmonton Real Estate

The Grovenor Edmonton real estate market has consistently outperformed the Edmonton average on a selling price per square foot basis. The 3rd quarter of 2009 was a soft quarter for Grovenor, but the market recovered quickly. The 4th quarter of 2010 saw an increase in sold price per square foot in Grovenor while the Edmonton average was falling. Grovenor's averages can be a bit misleading, the Capital Hill area in the southern tip of Grovenor sells for much higher than the northern area of the neighbourhood and can really push the average up.

For more detailed information on the Grovenor real estate market and sold data on other Edmonton neighbourhoods click here.

Grovenor is a shoulder area that borders some of the most expensive homes in Edmonton. Having Glenora and Crestwood as neighbours certainly helps bring the property values up! Over the years selling homes in Grovenor, I have enjoyed watching the area transition from one of high rental homes to one of owner occupied dwellings. The first graph shows the average sale price per sq ft going back to the first quarter of 2009. As you can see, the price per sq ft has been fairly steady in the $300-$340 range this year. The average tends to bounce around a bit as there are often quarters where less than 5 homes have sold in Grovenor.

The average days on market graph below shows an increase, which could indicate more of a buyer's market. The average of 55 is almost identical to Edmonton's average this quarter.

If you do have any questions on where your home is positioned in the current market, please don't hesitate to call or email me.