February Edmonton area Real Estate Market Stats

Dated: March 8 2021

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All sales and average prices are up from February 2020 while the average time on the market decreased. If you were thinking of listing, right now is the perfect time! 

Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for February 2021 increased 52.1% compared to February 2020. The number of new residential listings is up year over year, increasing 7.6% from February 2020.

For the month of February, single-family home unit sales are up 62.2% from February 2020 at 1033. Condo unit sales increased 19.5% from February 2020.

All residential average prices are up to $377,931, a 7.6% increase from February 2020. Single-family homes sold for an average of $437,977, a 2.7% year-over-year increase from February 2020. Condominiums sold for an average of $230,929, an 8.4% increase year-over-year. Duplex prices increased 6.6% from February 2020, selling at $343,028.

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. 

Information and direct quotes from EREB Monthly Market Statistics Update

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Shirley Williams

I have a passion for Real Estate and have a proven sales track record. With over 10 years in the business I have won the top 5% MLS Medallion Sales Award 2009 EREB and #1 Top Producer of the Year Awar....

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