REAL ESTATE SALES DOWN IN AUGUST
Total residential unit sales in the Greater Edmonton Area real estate market for August 2021 increased 9.7% compared to August 2020 and decreased 6.8% from July 2021.
New residential listings are up year-over-year, increasing 12.9% from August 2020. However, new residential listings are down month-over-month, decreasing 6.0% from July 2021. Overall inventory in the GEA was down 1.9% from August of last year and decreased 4.1% from July 2021.
Edmonton Real Estate Market Activity
Compared to July 2021, Edmonton house sales are down 6.0%, condominium sales decreased 8.4% and duplex & townhouses were also down by 4.7%.
Edmonton Real Estate Prices
The average price for an Edmonton home for August 2021 was $384,874 which is a 2.7% increase from August 2020. Single-family house prices had a 4.9% increase, condominiums had a 0.8% decrease and duplex prices increased 3.8% from August 2020.
Riverbend Home Sales
There were a total of 20 homes sold in Riverbend for the month of August 2021. Riverbend condominium sales included one apartment, two half-duplex condos, and four townhouses. There were 13 Riverbend houses sold with a price range of $475,000 to $3,100,000 in Brander Gardens, Brookside, Ramsay & Bulyea Heights, and Henderson Estates.
Terwillegar Home Sales
There were a total of 39 homes sold in Terwillegar for the month of August 2021. Terwillegar condo sales included 8 apartments, a duplex, and two townhouses. There were 28 Terwillegar houses sold with a price range of $311,000 to $1,410,000. The majority of Terwillegar houses were sold in South Terwillegar, Haddow, and Terwillegar Towne.
Kaskitayo Home Sales
There were a total of 37 homes sold in Kaskitayo for the month of August 2021. Kaskitayo condominium sales included seven townhouses. There were 24 Kaskitayo houses sold with a price range of $320,000 to $$2,530,000. The majority of Kaskitayo houses were sold in Duggan and Greenfield.
For the month of August 2021, Edmonton real estate prices remained steady with 1242 home sales with the average house sale price at $448,220.
Information provided by the REALTORS® Association of Edmonton
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
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
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.
Information provided by the REALTORS® Association of Edmonton.