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Edmonton Sold Home Prices for January 2021

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.