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