About Edmonton's Rutherford

Rutherford Edmonton Real Estate

The Rutherford Edmonton real estate average sale price per square foot has started 2011 very strongly. Rutherford has bounced back from a weaker 4th quarter of 2010 and has moved much closer to the Edmonton average selling price per square foot. Rutherford is still off it's peak sold price per square from the 2nd quarter of 2010, but the Rutherford market is strengthening.

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Rutherford Edmonton Real Estate

The graph below shows the average sale price per square foot for Rutherford real estate versus the Edmonton average for single family detached homes going back to the beginning of 2009. The Rutherford real estate market has almost been a mirror image of the rest of Edmonton. The average sale price per square foot is lower on average in Rutherford compared to Edmonton. This is mainly due to the higher incidence of two story homes in Rutherford which sell for less per square foot than a single level home.

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The Rutherford neighbourhood had 13 single family homes sell in the last 90 days. The high sale price in Rutherford in 90 days was $490,000. The days on market in Rutherford is pretty well a carbon copy to Edmonton's average days on market of 56. The average sale price in Rutherford is quite a bit higher in Edmonton, which isn't surprising considering the location of Rutherford (Southwest) and the larger homes that are built here.

Rutherford Real Estate Average Sale Price

Rutherford Real Estate Average Days on Market

Rutherford Real Estate Average Sold to List Price Ratio

In the last 12 months Rutherford had 100 single family homes sell. The quickest sale in Rutherford was 6 days, and the highest sale price in Rutherford was $770,000.

Housing prices in the Edmonton area remained stable as we enter the final quarter of the year. Single family dwelling prices in September mirrored prices in August and condo prices rose slightly after four months of decline. Both listings and sales declined in September as compared to a month ago.

"The market seems to be resting," said Larry Westergard, president of the REALTORS® Association of Edmonton. "After the turmoil of the past couple of years and the rush to buy in the early part of the year, it seems that consumers are just sitting back and waiting to see what comes up next." There are still over 8,600 residential properties in the local inventory and buyers have lots of choice.

The average* price of a single family property was up $472 and sold for $370,653 in September. Condominiums, which have dropped in price for four consecutive months, rallied and sold on average for $238,822 last month. The slightly less than 1% price increase did not reverse drops from a high of $252,728 in April. The duplex/rowhouse average price was down 11% to $313,462 but tends to vary widely from month to month. The residential sale price (which includes all types of residential property) was $326,499; down less than a quarter of a percent from last month.

Residential sales in September were down from the previous month at 1,187 as were listings at 2,668. This sales-to-listing ratio was 47% and the average days-on-market was unchanged at 57 days.

"The third quarter activity was identical to the first quarter this year," said Westergard. "Typically we see sales dropping from Q2 to Q3 but remaining higher than Q1. This reflects a very active market in the first part of the year which was spurred on by financial incentives and the threat of increasing interest rates."

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