Edmonton Real Estate Market Update:
The Ritchie neighborhood is located in Southeast Edmonton, bounded by Whyte Avenue on the north, 72nd Avenue on the south, and on the east by the Mill Creek Ravine.
Single family detached houses in Ritchie account for 52% of all residential dwellings in the neighborhood. The remainder of residences are made up of low to medium rise apartments, row housing and semi-detached homes. The population of Ritchie is highly mobile with 40% of dwellings being rented. Approximately one out of every 4 residences were built in Ritchie prior to the end of World War II.
Real Estate prices have been on a steady climb in Ritchie, reaching an average price of $436,100 in 2014 for a single family detached…