Covid 19 has changed our market. Staying informed when are selling a home or buying one is crucial so that you make the right choices at the right time. We pride our ourselves on being 'first to market' every week, every month and every quarter with this information. Read our reports first before you sell or buy any home in the metro Edmonton area... 

The May condo market continued to surprise. Our current market favours condo sellers.

Sales Prices

In May 2022, average sales prices were $236,464 compared to $232,745 in May 2021. This is an increase of 2% when compared to May 2021. The blended average increase for the year to date is about 4%. 

Sales Volume

In May 2021 there were 470 total Edmonton sales registered. In May 2022, 570 sales were registered. This is an impressive increase of 21% over the year before. As these numbers confirm, condos have really caught buyers attention this year. 

Days on Market

Condominiums sold in May 2022 after an average of 45 days, compared to 47 days in May 2021. As the market continues to ‘speed up’ this confirms the boldness that many…

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The May market performed amazingly well compared to the same time last year.

Sales Prices

In May 2022, average sales prices remained high, but lower than the month before. The average price was $484,220 compared to $458,411in May 2021. This is an increase of 5% when compared to May 2021. The ‘blended’ increase for the year so far is 7%. Have values peaked for 2022? Perhaps. 

Sales Volume

In May 2021 there were a total 1427 Edmonton sales registered. In May 2022, there were 1303 sales registered equal to an 8% reduction in sales volume year on year.

Days on Market

Buyers continued to quickly select homes in May 2022 and the average time to sell was only 24 days, compared to 27days in May 2021. Although this stat is…

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The April condo market continued to surprise. Our current market favours condo sellers.

Sales Prices

In April 2022, average sales prices were $232,252 compared to $229.210 in April 2021. This is an increase of 2% when compared to April 2021. The blended average for the year to date is about 5%. 

Sales Volume

In April 2021 there were 515 total Edmonton sales registered. In April 2022, 620 sales were registered. This is an impressive increase of 20% over the year before. The condo market is very much alive right now. 

Days on Market

Buyers selected condos in April 2022 after an average of 46 days, compared to 55 days in April 2021. 

Supply

At the end of April there was 1998 condos for sale equal to 3.22 months’…

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The April market performed amazingly well compared to the same time last year.

Sales Prices

In April 2022, average sales prices topped half a million. The average price was $501,801 compared to $458,348 in April 2021. This is an increase of 9% when compared to April 2021. The ‘blended’ increase for the year so far is 8%. 

Sales Volume

In April 2021 there were 1434 total Edmonton sales registered. In April 2022, there was 1429 sales registered. Its about the same as last year.

Days on Market

Buyers continued to quickly select homes in April 2022 and the average time to sell was only 23 days, compared to 33 days in April 2021.

Supply

At the end of April there was 1893 single family homes for sale equal to 1.32…

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The March condo market continued to surprise. The market easily outperformed last year by every measure. Sales volume is up by 67% and values by 10% on average.

Sales Prices

In March 2022, average sales prices were $241,798 compared to $220,492 in March 2021. This is an increase of 10% when compared to March 2021. The blended average for the first quarter is 6%.

Sales Volume

In March 2021 there were 432 total Edmonton sales registered. In March 2022, 721 sales were registered. This is an impressive increase of 67% over the year before. 

Days on Market

Buyers selected condos in March 2022 after an average of 51 days, compared to 52 days in March 2021. 

Outlook

At the end of March 2022, condo inventory was at 1877…

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The March market performed amazingly well compared to the same time last year in terms of sales prices and sales volume.

Sales Prices

In March 2022, average sales prices were $487,753 compared to $451,531 in March 2021. This is an increase of 8% when compared to March 2021. The ‘blended’ increase for the first quarter is 7%. 

Sales Volume

In March 2021 there were 1289 total Edmonton sales registered. In March 2022, there was 1620 sales registered. This is an amazing increase of 26% over the year before.

Days on Market

Buyers continued to quickly select homes in March 2022 and the average time to sell was only 27 days, compared to 36 days in March 2021. 

Outlook

At the end of March 2022, single family inventory was…

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The February market performed very well once again compared to the same time last year in terms of sales prices and sales volume.

Sales Prices

In February 2022, average sales prices were $220,495 compared to $206,556 in February 2021. This is an increase of 7% when compared to February 2021. 

Sales Volume

In February 2021 there were 268 total Edmonton sales registered. In February 2022, 440 sales were registered. This is an impressive increase of 64% over the year before. 

Days on Market

Buyers selected condos in February 2022 after an average of 59 days, compared to 61 days in February 2021. 

Outlook

At the end of February 2022, condo inventory was at 1749 units, equal to 367 fewer condos for sale when compared to…

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The February market performed extremely well compared to the same time last year in terms of sales prices and sales volume.

Sales Prices

In February 2022, average sales prices were $479,156 compared to $430,834 in February 2021. This is an increase of 11% when compared to February 2021. 

Sales Volume

In February 2021 there were 801 total Edmonton sales registered. In February 2022, there was 1251 sales registered. This is an amazing increase of 56% over the year before.

Days on Market

Buyers continued to quickly select homes in February 2022 and the average time to sell was only 40 days, compared to 46 days in February 2021. 

Outlook

At the end of February 2022, single family inventory was at 1227 units, equal to…

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The January market performed strongly once again compared to the same time last year in terms of sales prices and sales volume.

Sales Prices

In January 2022, average sales prices were $220,306 compared to $217,731 in January 2021. This is an increase of 1% when compared to January 2021. 

Sales Volume

In January 2021 there were 249 total Edmonton sales registered. In January 2022 269 sales were registered. This is an impressive increase of 8% over the year before. 

Days on Market

Buyers selected condos in January 2022 after an average of 75 days, compared to 68 days in January 2021. The longer time on market may be due to the banks taking their time to approve lending on condos, after what has been a tough market for condo…

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The January market performed strongly once again compared to the same time last year in terms of sales prices and sales volume.

Sales Prices

In January 2022, average sales prices were $440,648 compared to $427,732 in January 2021. This is an increase of 3% when compared to January 2021. 

Sales Volume

In January 2021 there were 672 total Edmonton sales registered. In January 2022 724 sales were registered. This is an impressive increase of 8% over the year before.

Days on Market

Buyers continued to quickly select homes in January 2022 and the average time to sell was only 52 days, compared to 61 days in January 2021.

Outlook

At the end of January 2022, single family inventory was at 1396 units, equal to 697 fewer…

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