Edmonton resale home prices will soften and sales will slide further in 2016 — but not as much as other places in Alberta battered by a faltering economy, says a forecast by the Realtors Association of Edmonton.

“Edmonton and area has not felt the same effects of oil prices as the rest of Alberta has,” Steve Sedgwick, chair of the group, which represents 3,300 real estate agents in the Edmonton area, said Wednesday. “There’s a lot of exciting growth happening in Edmonton and we remain conservatively optimistic when it comes to our housing market.”

It’s an assessment backed by prominent economists, who say that Edmonton’s economy will slow in 2016, but not as much as other Alberta municipalities.

“While you’re going to continue to see some…

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dmonton, January 5, 2016: Sales of residential property through the Edmonton Multiple Listing Service® (MLS®) System in 2015 in the Edmonton CMA were down 9% from 2014 but up over 1% from 2013. This decrease was reflected across all property types except duplex and rowhouse sales which were up 6%. Single family homes were down 9% over last year and condos were down 13%. There were 17,298 residential sales reported in 2015 as compared to 18,991 in 2014.

Although sales were down, prices are up year over year, with single family homes finishing the year over 1% higher relative to last year at an average price of $437,569. For 2015, the average price of a condo was $252,954 (up 0.4% from 2014) and the average price of all residential properties was…

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