The Numbers

February 2023 Real Estate Market Statistics

Average
Sale Price

Three of four market sectors not only stabilized but rebounded in February. Depleted inventory and long stagnated market has finally resulted in productive sales for patient sellers. Expect this trend to continue and become even more pronounced as we enter the spring market.

Single Family

$459,600 (+1.7%)

Condominium

$187,325 (-0.8%)

Duplex

$357,611 (+0.7%)

Townhouse

$251,332 (+1.4%)

Average
Days on Market

Days on market is shrinking with quicker and quicker absorption rates. Expect this trend to continue as well in March.

Single Family

54 (59)

Condominium

65 (72)

Duplex

56 (53)

Townhouse

60 (61)

Total Listings & Sales

Sharp increase in sales is causing new inventory to hit market and meet demand. This will start to slow down more and more over next month.

Listings

2,580 (+15.1)

Sales

1,291 (+31.2)

Highest Sale

A 2200 sq ft bungalow on expansive lot along the river valley took home highest single family sale in February. A 2 bedroom unit in the prestigious Legends building downtown Edmonton achieved the highest apartment sale.

Single Family

$1,322,000

Condominium

$1,300,000

Duplex

$715,000

Townhouse

$588,800

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