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Tyson Moroz

TOTAL RESIDENTIAL UNIT SALES & LISTINGS CONTINUE TO CLIMB Edmonton, May 3, 2021: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for April 2021 increased 284.5% compared to April 2020 and increased 17.6% fromMarch 2021. New residential listings are up year-over- year, increasing 140% from April 2020. “It is important to keep in mind what we experienced last April with the first wave of the global pandemic and provincial lockdowns,” says REALTORS® Association of Edmonton Chair Tom Shearer. “This has a direct impact on year-over-year numbers.” All residential average prices are at $389,773, a 10.2% increase from April 2020, and down 0.4% fromMarch 2021. Single- family homes averaged $458,444, an 11.7% year-over-year increase and a 0.1% increase fromMarch 2021. Condominiums sold for an average of $228,741, a 2.5% increase year-over-year, and prices are down 0.4% compared to March 2021. Duplex prices increased 5.2% from April 2020, selling at $347,561 which was a 0.2% decrease from March 2021. “The Edmonton market in April saw a significant increase in year-over-year residential unit sales,” says Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to April of last year as well as last month. While we need to keep in mind the drastic difference between this April and last, we are still witnessing a strong spring market so far.”

AVG. SALE PRICE SFD 1 $458,444

AVG. SALE PRICE Condo $228,741

ACTIVE LISTINGS 7035

AVERAGE DOM 2 37

1 SFD = Single Family Dwelling 2 DOM = Days on Market Source: REALTORS® Association of Edmonton Market values statedareof theaverageof 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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Cel l : 780.920.0550 | tyson@royal lepage.ca