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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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Riverbend Edmonton - A Favorite Place to Live

Riverbend consists of nine communities. The new part of Riverbend is located on the east side of Terwillegar Drive and includes the communities of Bulyea Heights, Carter Crest, Falconer Heights, Henderson Estates, and Ogilvie Ridge. Old Riverbend is located on the west side of Terwillegar Drive and includes the communities of Brander Gardens, Brookside, Ramsay Heights, and Rhatigan Ridge.



Riverbend is one of the best places to live in southwest Edmonton surrounded by mother nature.  It is divided into two parts - Old Riverbend on the west and new Riverbend on the east. Riverbend is located off of Terwillegar drive a few minutes from the University of Alberta.


House prices range from move-up to luxury home prices. Unlike any other district in the city, Riverbend offers it's homeowners plenty of mother natures natural scenic beauty with community walking paths and river valley access all within walking distance. Old Riverbend is well known for the popular footbridge which runs across the river to Edmonton West via walking paths. Learn more about each Riverbend community below.


Rhatigan Ridge was first subdivided in 1980 with various house styles from large luxury homes on spacious lots, especially near the edges of the river valley to a range of more modest executive-style houses. Rhatigan Ridge encompasses the Riverbend community league beside St. Mary Catholic School and features a high point of land with panoramic views south of Riverbend Road. Rhatigan Ridge was named after Thomas Rhatigan, a farmer who was famous for the quality of his wheat and oats and was proclaimed World Oat King at the Royal Winter Fair three times.


Brander Gardens offers more deserve homeownership with plenty of townhouse and apartment condominiums to choose from. When originally built, the majority of these condos were focused on the upper-class and elite. Located in the western portion of Brander Gardens are some of Edmonton's most magnificent properties, originally called Glamorgan. Homeowners here are treated with the proximity to the Fort Edmonton Walking trails and Footbridge which crosses to the Wolf Willow Ravine. Brander Gardens was named in honour of George Brander, who established a peony garden in the Bonnie Doon until the 1940s.


Brookside, nestled away from the rest of Riverbend bounded by Whitemud Creek Ravine North with scenic views of our Downtown. Most houses in Brookside are executive style homes constructed in the 1970s with above average-sized lots and mature landscaping. Brookside homeowners enjoy the natural woodland habitat, skiing at the Snow Valley Ski Club and Rainbow Valley Park, access to river valley park trails, and other recreational facilities.


Ramsay Heights is Riverbend's oldest community located in a prime real estate location and features a mix of housing equally split between single-family houses and condominiums. Ramsay Heights offers a high elevation vantage point with panoramic views of Edmonton. A large portion of the detached houses in Ramsay Heights runs along the river Valley on 154 Street and Whitemud Road. There are also a few luxury houses located in the original Glamorgan subdivision adjacent to the river valley. Ramsay Heights was named for Walter Ramsay, a principal at McKay Avenue and Queen Avenue School, then became the cities first commercial florist.



Bulyea Heights offers more walking trails than any other Riverbend community and with the presence of the Whitemud Creek Ravine, which runs the eastern length of Bulyea Heights, is the most striking community. Almost every house in Bulyea Heights is owner-occupied with several of these homes touching the edges of the ravines with more walking trails, natural paths for hiking and run-off streams from the North Saskatchewan River. Bulyea Heights was named after George Hedley Vicars Bulyea, the first Lieutenant-Governor of Alberta.


Carter Crest is a smaller upper-class Riverbend community that features a combination of single-detached housing, construction prior to the 1990s. There are only a few roads in this community that swirl and curve to limit the negative effects of traffic, maximize land space and allows its homeowners bigger lots. Carter Crest is within walking distance to the Terwillegar Recreation Center and is named after Robert I. Carter, a Canadian government agent who advised Americans on their immigration prospects in Canada.


Falconer Heights is one of the few Riverbend communities which offer several amenities including a medical centre, a library, fast food restaurants, banks, and more located in Riverbend Square. This portion of Riverbend is popular with the ageing community and features a fantastic retirement community. There is no school site located within Falconer Heights, but there is a large future school/park site adjacent to Henderson Estates. It was named after James F. Falconer, who was involved in the formation of the Edmonton Names Advisory Committee in the mid-1950s.


The Henderson Estates is nestled between Old Riverbend and Haddow in Terwillegar Heights bounded by the River Valley which runs the length of the community, providing homeowners with excellent access to our greatest natural asset. Due to the natural beauty and breath-taking views, many of these Henderson Estates properties will run into the multi-million dollar price range. Henderson Estates is named after Thomas Henderson, a homesteader in the Riverbend area in the late 19th century who imported Italian honey bees to his farm.


When originally built, Ogilvie Ridge was to be a private, elite, gated community until the city decided, Edmonton against any gated communities. It is bordered by Bulyea Heights, Whitemud Creek ravine, and west by the Rabbit Hill. Ogilvie Ridge features a natural topography with an integration of the North Saskatchewan River Valley ravine system defining this community. Ogilvie Ridge was named after James H. Ogilvie, a politician, a lawyer, and a veteran of World War I.


View more homes for sale in the Riverbend Edmonton District.

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