Courtesy of Jenny Narine

Total Year-to-Date Residential Sales Up to Close Out 2020

AVERAGE SALE PRICES

$217,843 condo

$428,900 detached UP 4.24 % year-over-year

DOWN 3.68% year-over-year

Edmonton, January 4, 2021- Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for December 2020 increased 31.47% compared to December 2019 and decreased 20.65% from November 2020. New residential listings are down month over month, decreasing 29.59% from November 2020. Overall inventory in GEA fell 17.29% from December of last year and decreased 19.34% from November 2020. All residential average prices are up to $362,447, a 2.61% increase from December 2019, and down 3.77% from November 2020. Single family homes sold for an average of $428,900, a 4.24% year-over-year increase from December 2019, and a 2.32% decrease from November 2020. Duplex prices increased 1.84% from December 2019, selling at $331,034, which was a 2.00% decrease from November 2020. Condominiums sold for an average of $217,843, a 3.68% decrease year-over-year, and prices are down 5.7% compared to November 2020. “The Edmonton market in December saw an increase in year-over-year unit sales, compared to a decrease in month-to-month sales,” says Realtors Association of Edmonton Chair Tom Shearer. Overall, all residential listing averaged 58 days on market, decreasing by 11 days year-over-year and increasing by 4 days compared to the previous month.

1,291

5,005 ACTIVE LISTINGS (residential inventory)

NEW LISTINGS

SOLD LISTINGS 1,107

661

DAYS ON MARKET

428

86%

58

SALES TO LISTING RATIO

Stats are Reflective of December 2020 Source: REALTORS ® Association of Edmonton Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

single family detached NEW LISTINGS condo

Source: REALTORS ® Association of Edmonton

14 YEARS EXPERIENCE HAS ITS REWARDS. SELL WITH SUCCESS. BUY WITH CONFIDENCE.

JENNY NARINE

c: 780 886 9245 e: jenny@jennynarine.ca www.jennynarine.ca

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