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Residential Unit Sales and Average Edmonton Prices Up For February


Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for February 2021 increased 52.1% compared to February 2020 and increased 36.8% from January 2021. The number of new residential listings is up year over year, increasing 7.6% from February 2020. New residential listings are up month over month, increasing 11.4% from January 2021. Overall inventory in the GEA fell 17.6% from February of last year and increased 7.6% from January 2021.


For the month of February, single-family home unit sales are up 62.2% from February 2020 and up 40.2% from January 2021 at 1033. Condo unit sales increased by 19.5% from February 2020 and increased 26.7% from January 2021.


All residential average prices are up to $377,931, a 7.6% increase from February 2020, and up 3.8% from January 2021. Single-family homes sold for an average of $437,977, a 2.7% year-over-year increase from February 2020, and a 2.4% increase from January 2021. Condominiums sold for an average of $230,929, an 8.4% increase year-over-year, and prices are up 6.6% compared to January 2021. Duplex prices increased 6.6% from February 2020, selling at $343,028 which was a 0.4% decrease from January 2021.


The Edmonton market in February saw a significant increase in year-over-year residential unit sales as well as month-to-month sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to February of last year as well as last month. The high level of activity we have seen in February is uncharacteristic for this time of year. We are witnessing a very strong market.


Single-family homes averaged 48 days on the market, a 23-day decrease from February of last year. Condos averaged 62 days on the market, an 11-day decrease year-over-year, while duplexes averaged 48 days on market, a 32-day decrease compared to February 2020. Overall, all residential listings averaged 52 days on market, decreasing by 21 days year-over-year and decreasing by 13 days compared to the previous month.

Riverbend Sold House Prices

There were 11 houses sold in Riverbend with sold house prices ranging from $465,000 in Rhatigan Ridge to $864,000 in Bulyea Heights with an average Riverbend house sold price of $607,126.

Terwillegar Sold House Prices

There were 16 detached houses sold in Terwillegar with sold house prices ranging from $390,000 in South Terwillegar to $1,110,000 in Magrath Heights for an average Terwillegar Heights house selling price of $525,430.

Kaskiatyo Sold House Prices

There were 20 houses sold in Kaskitayo with sold house prices from $310,501 in Ermineskin to $1,250,000 in Aspen Gardens for an average sold price of $555,919 for a Kaskitayo house.

Edmonton New Build Sold Prices

There were a total of 99 MLS new build listings sold in February 2021 including 7 condominium sales and 23 duplexes. The majority of brand new detached houses were sold in Chappelle, Keswick and McConachie followed by the Orchards, Rosenthal, Edgemont and Secord. The average sold price for a detached new build this month was $534,672.


Click here to find the sale price of a recently sold Edmonton Home


Information provided by the REALTORS® Association of Edmonton.

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Residential Unit Sales and New Listings Up to Start 2021.


Edmonton, February 2, 2021: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2021 increased 47.1% compared to January 2020 and increased 5.9% from December 2020. The number of new residential listings is up year over year, increasing 8% from January 2020. New residential listings are up month over month, increasing 87.9% from December 2020. Overall inventory in the GEA fell 17% from January of last year and increased 5% from December 2020.


For the month of January, single-family house sales are up 50.1% from January 2020 and up 8.5% from December 2020 at 737. Condo unit sales increased by 43.8% from January 2020 and increased by 2.7% from December 2020.


All residential average prices are up to $364,040, a 3.7% increase from January 2020, and up 0.4% from December 2020. Single family houses sold for an average of $427,677, a 3.2% year-over-year increase from January 2020, and a 0.4% decrease from December 2020. Condominiums sold for an average of $216,757, a 6.1% increase year-over-year, and prices are down 0.5% compared to December 2020. Duplex prices increased 1.6% from January 2020, selling at $344,400, which was a 4% decrease from December 2020.


The Edmonton market in January saw an increase in year-over-year residential unit sales as well as month-to-month sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to January of last year, while we’ve seen an increase in month over month sales for single-family homes and condos and a decrease in duplex rowhouse sales. We are encouraged to see this kind of activity at the start of the year, which is typically a slower time in the real estate market, and especially in the current economic climate.


Single-family homes averaged 59 days on the market, a 14-day decrease from January of last year. Condos averaged 73 days on the market, a 10-day decrease year-over-year, while duplexes averaged 70 days on market, a 15-day decrease compared to January 2020. Overall, all residential listings averaged 65 days on market, decreasing by 14 days year-over-year and increasing by 7 days compared to the previous month.


Information provided by the REALTORS® Association of Edmonton.

Riverbend Sold House Prices

There were 11 houses sold in Riverbend with sold house prices ranging from $447,500 in Bulyea Heights to $825,000 in Henderson Estates for an average Riverbend house sold price of $598,737.

Terwillegar Sold House Prices

There were 14 detached houses sold in Terwillegar with sold house prices ranging from $361,000 to one million in Terwillegar Towne for an average Terwillegar Heights house sold price of $534,742.

Kaskiatyo Sold House Prices

There were 22 houses sold in Kaskitayo with sold house prices from $335,000 in Duggan to $902,000 in Westbrook Estate for an average sold price of $506,997 for a Kaskitayo house.

Edmonton New Build Sold Prices

There were a total of 89 MLS new build listings sold in January 2021 including 13 condominium sales and 17 duplexes. The majority of brand new detached houses were sold in Chappelle, Edgemont, Keswick, McConachie and Secord for an average sale price of $535,303.


Click here to find the sale price of a recently sold Edmonton Home


Information provided by the REALTORS® Association of Edmonton.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.