Courtesy of Shelley Littlefair

March Sees Large Number Of Listings Hit The Market

$245,070 condo

$503,711 detached UP 9.9% year-to-year

UP 6.7% year-to-year

2,420

$389,321 rowhouse UP 11.8% year-to-year

AVERAGE SALE PRICES

1,300

4,298 NEW LISTINGS

single family detached condo

34 DAYS ON MARKET

76% SALES TO NEW LISTING RATIO

ACTIVE LISTINGS (residential inventory) 5,265

3,283 SOLD LISTINGS

an average of $245,070, seeing an increase of 6.7% yearover-year as well as an 8.4% increase compared to February 2022. Duplex prices increased 11.8% from March 2021, selling at $389,321, a 3.8% increase from February 2022. “The Greater Edmonton and Area market continues to surprise us as we enter into what is normally the start of the busy season of real estate,” says REALTORS® Association of Edmonton Chair Paul Gravelle. “Although we are seeing slightly lower increases for average sale prices across all categories, there has been a huge increase in the number of listings hitting the market as well the number of sales in the month of March.” Statistics reflect market activity in March 2022 | 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.

Edmonton, April 4, 2022 – Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for March 2022 increased 45.4% compared to February 2022 and increased 34.7% from March 2021. New residential listings increased both 7.6% year-over-year and 47.7% month-over-month from February 2022. For March, single-family home unit sales are up 21.2% from March 2021 and up 37.7% from February 2022 at 1,920. Condo unit sales increased 67.1% from March 2021 and were up 62.9% from February 2022. Duplex/ rowhouse unit sales were up 54.2% year-over-year and increased 45.1% month-over-month. Single-family homes averaged $503,711, a 9.9% year-over-year increase and a month-over-month increase of 2.0%. Condominiums sold for

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Direct: 780-221-2979 Email: littlefair@shaw.ca Homes & Gardens Real Estate Ltd. 3659 99 Street NW Edmonton, AB T6E 6K5

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