Debi Kuleski's Home Trends

DEBI KULESKI | CENTURY 21 Leading

Strong market activity continues in February

AVG. SALE PRICE Single Family Dwelling $493,543

AVG. SALE PRICE Condo $226,811

ACTIVE LISTINGS 4,786

DAYS ON MARKET 47

Edmonton, March 2, 2022 - Total residential unit sales in the Greater Edmonton area (GEA) real estate market for February 2022 increased 69.3% compared to January 2022 and increased 41.7% from February 2021. New residential listings increased both 13.7% year-over-year and 39.6%month-over- month from January 2022. For February, single-family home unit sales are up 35.6% from February 2021 and up 71.9% from January 2022 at 1,394. Condo unit sales increased 55.2% from February 2021 and were up 62.9% from January 2022. Duplex/rowhouse unit sales were up 55.9% year-over-year and increased 87.7% month-over-month. Single-family homes averaged $493,543, a 12.7% year-over-year increase and a month-over-month increase of 10.8%. Condominiums sold for an average of $226,811, a 1.8% decrease year-over-year, and prices are up 0.9% compared to January 2022. Duplex prices increased 9.1% from February 2021, selling at $374,290, a 2.1% decrease from January 2022. “We continue to see incredible momentum emerging out of the Greater Edmonton Area real estate market as we head into the warmer months,” says REALTORS® Association of Edmonton Chair Paul Gravelle.“We saw huge increases in our month-over-month activity for residential listings and sales for the month of February.” 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.

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