October 2019 Edmonton Real Estate Market Statistics

October 2019 Edmonton Realtor Market Reports


Temperatures are going down, but sales are going up within the Edmonton market! Here are this month’s market updates for areas and neighbourhoods under the REALTORS Association of Edmonton (RAE)!


According to their most recent market report, sales volumes are going up as inventories are going down. Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of October 2019 increased 8.10% compared to October 2018 and decreased 3.82% from September 2019. The number of new residential listings is down, dropping 5.92% from October 2018. Overall inventory in the Edmonton CMA fell 9.26% from October of last year.


Single-family home unit sales are up 3.85% and condo unit sales increased 5.30% from the same period of time last year. All residential average prices are down slightly at $353,546, a 2.44% decrease from October 2018, and are virtually unchanged from September 2019.


Houses sold for an average of $420,939, a 1.73% year-over-year decrease from October 2018, and they are virtually unchanged at a 0.13% decrease from September 2019. Condominiums sold for an average of $227,802, a 2.96% increase year-over-year, and a 4.66% increase from the previous month. Duplex prices dropped 1.43% from October of last year, selling at $328,975, which was a 4.15% decrease from the previous month.


Houses averaged 60 days on the market, a two-day decrease from last year. Condos spent six days more on the market, from 70 to 76 days, while duplexes averaged 63 days on market, a three-day decrease from October 2018. Overall, all residential listings averaged 65 days on market, a 1.52% decrease year-over-year, and increased by two days from the previous month.

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September 2019 Edmonton Real Estate Market Statistics

September 2019 Edmonton Realtor Market Reports


Autumn is here, and we are diving straight into the last quarter of the year! Here are this months market updates for areas and communities under the REALTORS Association of Edmonton. According to their latest media release, MLS® sales are up year-over-year, while the market remains stable in our city.


Total residential unit sales in the Edmonton Census Metropolitan Area real estate market for the month of September 2019 increased 5.72% compared to September 2018. The number of new residential listings is also up, growing 1.67% from September 2018. Overall inventory in our capital fell 9.72% from September of last year.


Single-family house unit sales are down 2.91%, unit sales of duplexes are up 7.52%, and condo unit sales jumped 26.78% from the same period of time last year.


All residential average prices are down slightly at $351,526, a 6.06% decrease from September 2018, and are down 4.30% from August 2019. Single-family homes sold for an average of $420,406, a 2.16% year-over-year decrease from September 2018, and a 3.27% decrease from August 2019. Condominiums sold for an average of $217,665, a 9.82% drop year-over-year, and a decrease of 7.17% from the previous month. Duplex prices are virtually unchanged from last year at $343,230, which was a 3.17% increase from the previous month.

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August 2019 Edmonton Real Estate Market Statistics

August 2019 Edmonton Realtor Market Reports


Ready to dive into the Fall season? Here are this months market updates for areas and communities under the REALTORS Association of Edmonton!


As noted in their latest market update, total residential unit sales in the Edmonton Census Metropolitan Area real estate market for the month of August 2019 dropped 6.38% compared to August 2018. The number of new residential listings is also down, dropping 4.73% from August 2018, and overall inventory in our municipality fell 12.21% from August of last year.


All residential average prices remained stable at $367,339, similar to August 2018, and are virtually unchanged from July 2019. Houses sold for an average of $434,634, a 2.24% year-over-year increase from August 2018, and a 1.14% increase from July 2019. Condominiums sold for an average of $234,480, a 5.16% drop year-over-year, but an increase of 5.19% from the previous month. Duplexes are up 7.00% from last year to $354,455, which was a 6.34% increase from the previous month.

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July 2019 Edmonton Real Estate Market Statistics

July 2019 Edmonton Realtor Market Reports


It is time for our monthly updates again, and it looks like the Real Estate Association of Edmonton is going into the third quarter of the year on a positive note. Here are this months market updates for areas and communities under the REALTORS Association of Edmonton.


As noted in their latest market update, July residential unit sales are up 11.49% year over year. While sales rose, the number of new residential listings dropped 10.01% from July 2018, and overall inventory in our city dropped 13.58% from July of last year.


All residential average prices decreased to $366,344, a drop of 1.70% from July 2018, and are virtually unchanged from June 2019. Single-family houses sold for an average of $429,717, a 1.91% year-over-year drop from July 2018, but a 1.37% increase from June 2019. Condominiums sold for an average of $222,911, a 10.3% drop year-over-year, and a decrease of 6.59% from the previous month. Duplexes dropped 2.80% from last year to $333,317, which was a 1.63% decrease from the previous month.

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June 2019 Edmonton Real Estate Market Statistics

June 2019 Edmonton Realtor Market Reports


Summer’s here, and so are this month’s market updates for areas and communities under the REALTORS Association of Edmonton. As noted in their latest market update, year over year unit sales remain steady, while average selling prices have seen a decrease.


Total residential unit sales in the Edmonton Census Metropolitan Area real estate market for the month of June 2019 rose 0.56% compared to June 2018. While sales were reasonably similar, the number of new residential listings dropped 18.03% from June 2018, and overall inventory in our capital city dropped 11.68% from June of last year.


Single-family house unit sales increased by 1.46%, while condo unit sales dropped 4.34%, and unit sales of duplexes were unchanged from the same period of time last year.

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Recent Terwillegar Heights Edmonton Sold Houses June 2019

In the last 60 days, a total of 24 Terwillegar Heights area houses has sold via the MLS® system in southwest Edmonton. 7 of these homes were in the luxury community of MacTaggart with another 6 sold in Haddow. The sale price ranged from $382,500 to $1,440,000. The average selling price was $691,849. It took an average of 46 days for these Terwillegar houses to sell. The average sale price per square foot in Terwillegar Heights area was 295.41.


Terwillegar Heights sold houses include Haddow, Hodgson, Leger, MacTaggart, Magrath Heights, South Terwillegar, and Terwillegar Towne in southwest Edmonton communities. All the information in this article has been provided by the Realtors® Association of Edmonton.



Current Riverbend Houses and Homes for Sale 


How much is your Terwillegar Heights Home Worth?

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Recent Riverbend Edmonton Sold Houses June 2019

In the last 60 days, a total of 36 Riverbend houses has sold via the MLS® system in southwest Edmonton. 9 of these homes were in Ramsay Heights with another 8 sold in Rhatigan Ridge. The sale price ranged from $431,000 to $3,865,000. The average selling price was $727,078. It took an average of 49 days for these Riverbend houses to sell. The average sale price per square foot in Riverbend Edmonton was 298.76.


Riverbend Edmonton Houses sold include Brander Gardens, Brookside, Bulyea Heights, Carter Crest, Falconer Heights, Henderson Estates, Ogilvie Ridge, Ramsay Heights, and Rhatigan Ridge southwest Edmonton communities.
All the information in this article has been provided by the Realtors® Association of Edmonton.



Current Riverbend Houses and Homes for Sale 


How much is your Riverbend Home Worth?

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May 2019 Edmonton Real Estate Market Statistics

May 2019 Edmonton Realtor Market Reports


Ready for June? Here are this months market updates for areas and communities under the REALTORS Association of Edmonton.


In their latest monthly market report, total residential sales have seen a year-over-year increase of 4.04% from May 2018. Sales of single-family homes have increased by 2.64% year over year. Condo sales have decreased by 0.42% since May of 2018. Duplex and townhouse sales have increased by 14.36% year over year. All residential listings have increased 7.22% from last month but have decreased by 12.17% from May of 2018.


REALTORS® Association of Edmonton Chair Michael Brodrick says “Month over month increases are typical at this time of year when more people are looking to sell and buy homes. This year is no different, but we have experienced an increase in overall residential sales from May of last year.”

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April 2019 Edmonton Real Estate Market Statistics

April 2019 Edmonton Realtor Market Reports


Things are looking up! Here are this months housing market updates for areas and communities under the REALTORS Association of Edmonton.


According to their most recent media release, when compared to March 2019, unit sales across most categories increased, and year over year sales are up in all major categories.


Average unit prices rose from last month but are still down from April 2018. Inventory rose 8.78% higher compared to March 2019 but was down 1.78% over April 2018. Listings were also up, climbing 11.14% month over month but down 1.92% year over year.

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March 2019 Edmonton Real Estate Market Statistics

March 2019 Edmonton Realtor Market Reports


Ready for Spring? Here are this months housing market updates for areas and communities under the REALTORS Association of Edmonton.


In their latest market report, it appears that overall unit sales in the Realtors Association of Edmonton are up relative, to February 2019 stats. Unit sales across all categories increased, with house sales increasing 27.84%, condo sales increasing 8.86%, and duplex, townhouses sales increasing 21.05%. The report states that this is a trend that is typical to the industry during the spring season.


However, compared to March 2018, sales for all residential categories were down 13.19%. Inventory has also risen 11.71% compared to February 2019 but slipped 0.68% from March 2018.

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February 2019 Edmonton Real Estate Market Statistics

February 2019 Edmonton Realtor Market Reports


Ready for Spring? Here are the most recent housing market updates for areas and communities under the REALTORS Association of Edmonton.


According to the latest market update, when compared to January 2019, unit sales across all categories increased, with house sales increasing 23.31%, condo sales increasing 26.05% and duplexes & townhouse sales increasing 17.53%.


Year over year sales are down in all major categories, with single-family homes sales decreasing 2.73%, condo sales decreasing 6.62% and duplexes & townhouse sales decreasing 9.60%. Year to date sales for all residential categories were down 11.01% compared to February 2018.


Edmonton REALTORS Association Chair Michael Brodrick states “February tends to see the start of an increase in unit sales in the real estate market following the sluggish winter months, and this year is no different. Inventory remains high and compared to last year the market is still lagging, but we are hopeful the traditional upward trend for spring holds true this year.”

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January 2019 Edmonton Real Estate Market Statistics

January 2019 Edmonton Realtor Market Reports


We are now a month into the new year, so let us see how the market has been doing at the start of 2019. Here are the most recent housing market updates for areas and communities under the REALTORS Association of Edmonton.


As per their latest market update, RAE residential segment has seen a decline in average prices in January 2019. Meanwhile, inventory has remained higher on average, while the average days on market are reflective of the slower winter market.


According to Edmonton REALTORS Association Chair, the real estate market is still experiencing the consequences of high inventory and slow sales. Buyers are benefiting from more choice but may be struggling with the mortgage qualification rules, while sellers will need to continue to be patient and flexible in this market.

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December 2018 Edmonton Real Estate Market Statistics

December 2018 Edmonton Realtor Market Reports


2019 is upon us, so here are the most recent housing market updates for areas and communities under the REALTORS Association of Edmonton.


According to Edmonton REALTORS Association latest reports, 2018 for the city mostly saw a year of stable average and median prices, decreasing sales, and increasing inventory. In their latest update, they noted that year-to-date average prices remained relatively stable throughout 2018.


Listings in December 2018 were also down by 3.85% compared to the year prior, and down by 43.09% compared to November 2018. However, residential sales were also down in December, showing dips of 19.65% compared to December 2017, and 30.13% compared to November 2018. Average prices, on the other hand, were relatively stable.

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November 2018 Edmonton Real Estate Market Statistics

November 2018 Edmonton Realtor Market Reports


Here are the latest housing market numbers for areas covered by the REALTORS Association of Edmonton and has mentioned in their most recent market update, inventory is up, while residential unit sales and prices are down within the Census Metropolitan Area. All residential unit sales decreased by 9.78% month-over-month and decreased by 10.56% year-over-year.


Meanwhile, new listings and active inventory are both up when compared to November 2017, with new listings showing a 9.97% increase, and inventory up by 9.86%. However, listings and inventory have both gone down, when compared to October 2018, showing decreases of 15.38% and 2% respectively.


According to Edmonton REALTORS Association Chair Darcy Torhjelm, “Compared to 2017, listings and inventory are increasing, which means there is plenty for buyers to choose from this year. As we close out the year, average prices are decreasing slightly, likely due to the slower winter sales season and higher inventory levels, so sellers will need to be patient and flexible when it comes time to negotiate.”

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Copyright 2019 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.