Business Builder Sample

High Demand for More Affordable Properties

Edmonton, September 1, 2023 - Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for August 2023 hit 2,250, increasing 21.8% compared to August 2022. New residential listings were up 3.7% year-over-year from August 2022. Overall inventory in the GEA was down 15.5% from August of last year. Total residential average prices came in at $397,811, up 0.5% from August 2022. Detached homes averaged $495,005, noting a 2.1% year-over-year increase. Semi-detached sold for an average of $373,175, resulting in a 4.3% increase year-over-year. Row/townhouse prices were up 3.6% from August 2022, selling at $253,345. Apartment Condominium average prices hit $192,815 showing an increase of 0.5% from August 2022. “It’s not unusual to see a lot of activity in the market before we head into the cooler months, but it seems that buyers are sending a clear message that smaller, more affordable properties are what they want right now,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “Unit sales for all categories are up from last year, but Row/Townhouses were the clear winner selling 50% more units than the same time last year and jumping 23.2% from the previous month. Condominium Apartment units continued to perform well, with units selling 25.1% better than August of 2022.” Overall, all residential listings averaged 46 days on the market.

What’s the value of your home? Give me a call to find out.

Source: REALTORS ® Association of Edmonton

Maya Norton Real Estate Agent

ARE YOU LOOKING TO BUY OR SELL? I’m Maya Norton, I sell real estate in this community and I live here, too! I would love the opportunity to work with you. Why should you work with me? I love my job and go above and beyond for you. Here’s the proof: • my listings sell on average in 25 days • my listings sell for 97.8% of their list price, on average • I have a 4.9 star rating on Facebook: @DMSConnectCanada

780.489.2969 consult@dmsmarketing.ca www.dmsmarketing.ca 101-10620 178 St. Edmonton, AB T5S 2E3

This is not intended to solicit anybody currently under contract with another Brokerage.