Courtesy of Kelly Dann

Slow and Steady Numbers a Good Sign for 2024

$192,660 apt./ condo UP 1.1% year-to-year

$484,365 detached UP 7.3% year-to-year

AVERAGE SALE PRICES

$268,948 row/ townhouse

2,195 NEW LISTINGS 1,439 SOLD LISTINGS

detached 1,296 448 detached 876 228

UP 8.6% year-to-year

apt./ condo

apt./ condo

3.2 MONTHS OF INVENTORY

4,540 ACTIVE LISTINGS

66% SALES TO NEW LISTING RATIO

59 DAYS ON MARKET

Edmonton, February 2, 2024 - Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2024 came to 1,439. New residential listings amounted to 2,195. Total residential average prices came in at $398,724, a 2.5% increase from December 2023 and a 7.6% increase from January 2023. Detached homes averaged $484,365, decreasing 1.0% from December 2023 and up from the previous year by 7.3%. Semi-detached units sold for an average of $378,421, resulting in a 6.6% increase year-over-year, and a 4.0% increase from the previous month. Row/townhouse prices were up 2.8% from December 2023 and 8.6% when compared to January 2023, selling at an average of $268,948. Apartment Condominium

average prices hit $192,660, increasing 12.8% over last month and 1.1% higher than the previous year. “Edmonton real estate market is off to a good start for the year, with strong sales and prices compared to last year,” says REALTORS ® Association of Edmonton 2023 Board Chair Melanie Boles. “But we’ll be watching our inventory very closely leading up to the spring market. We want enough new listings available to meet the demand that is clearly there.” Overall, all residential listings averaged 59 days on the market. Statistics reflect market activity in January 2024 | 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.

The best compliment you can give me is a referral to your friends and family.

KELLY DANN

780.265.1755 KELLY BLACKMOREREALESTATE.CA BLACKMOREREALESTATE.CA REALTOR ® , ASSOCIATE BROKER ASPIRING CHEF

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