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August Real Estate Market Statistics

It’s wonderful to see a market that is positive for our buyers and sellers. Strong prices with low days on the market means well-priced homes are moving. WIth a current balanced market, all signs lead to positive long term growth.

Average Sale Price

EDMONTON & AREA AVERAGE SALE PRICES - REAL ESTATE MARKET TRENDS

Single Family $460,963

Condominium $227,559

Duplex $355,326

Prices appear to be staying stable after such a strong start to 2021. When priced well, the market is fair to both buyers and sellers.

Average Days on Market

EDMONTON & AREA AVERAGE DAYS ON MARKET - REAL ESTATE MARKET TRENDS

Single Family 35 Days

Condominium 59 Days

Duplex 41 Days

Relatively consistent month over month, these numbers indicate a true balanced market. A well priced home should sell at an above average days on market.

Highest Sale

EDMONTON & AREA HIGHEST SALE - REAL ESTATE MARKET TRENDS

Single Family $3,100,000

Condominium $840,000

Duplex $787,000

Some of Edmonton’s premier locations took the forefront in terms of highest sales.The highest sale for houses featured a beautiful private estate on a 1.4 acre lot overlooking the North Saskatchewan River. For condos, the highest sale was an 8th floor luxury condo with panoramic river valley & downtown skyline views.

Total Listings & Sales

EDMONTON & AREA TOTAL LISTINGS & SALES - REAL ESTATE MARKET TRENDS

3,177 Listings

2,056 Sales

An understandably cooling from the spring market highs, this is a standard for after school and the onset of summer where the market tends to drop; we anticipate this number to increase over the fall.

Need to know what these numbers mean for you?