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 month with this information. Read our reports first before you sell or buy any home in the metro Edmonton area... 

2024 January Condo Market Report

The Edmonton condo market is alive and well. Sales volume is very strong. Prices remain stable.

Sales Prices

In January 2024 condo sales prices ended a modest 1% up when compared to the same month last year.

Sales Volume

Volume for condo sales in January 2024 is the big story so far this year. There were almost 350 units posted sold on MLS system compared to around 250 last year and the year before. This represents an impressive 38% lift in sales volume.

This is the 9th consecutive month of volume sales growth.

Days on Market

Condos sold for an average days on market of only 62 days compared 68 days last year and 75 days the year before. Buyers are jumping into condo purchasing with…

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January 2024 Single Family Market Report

Single family home sales volume stayed higher in January.

Sales Prices

Single family homes prices settled at a little over $462,000 in January 2024 when compared to $438,000 in 2023, an increase of 5%.

Sales Volume

The number of single-family homes sold in January 2024 is perhaps the big story. There were almost 730 homes sold compared to less than 500 homes last year and this represents an increase of 51%.

Days on Market

Average number of days on market in January 2024 was only 58 days compared to 61 days last year, a sure sign of buyer confidence.

Supply

In January 2024, there was around 2.6 months of supply, confirming that for the last 12 months, we have been in what…

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2023 December Condo Market Report

The Edmonton condo market is alive and well. Sales volume is very strong. Prices remain moderate.

Sales Prices

Condo sales prices recovered in December after a softer November. The average price paid was around $216,000 and this is 9% up when compared to December 2022.

And condo prices have been improving since August after a sluggish first half of the year.

Sales Volume

Since May 2023, we have witnessed improving sales numbers for condos. December finished particularly strong. There were 405 condo sales posted, up from 250 the year before. That’s a massive 62% improvement in sales volumes.

This is the 8th consecutive month of volume sales growth.

Days on Market

Condos sold for an…

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December Single Family Market Report

Single family home sales volume stayed higher in December.

Sales Prices

Sales prices settled at around $432,000 in December, down slightly on the month before as expected and lower than December 2022.

When taken as an aggregate, sales prices for 2023 ended up at 1% down on 2022, although from May prices we equal or better than the year before.

Sales Volume

The market was very busy in December. Around 880 homes sold in December 2023 compared to only 430 homes in December 2022. For the last 5 months, sales volume has easily surpassed volume for 2022. It should be noted that overall volume for the year is 9% down on the year before due to the slower start to the year.

Days on Market

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November Single Family Market Report

Single family home prices stay higher in November.

Sales Prices

Sales prices continue to climb. In November 2023, average sales prices settled at almost $458,000 down slightly on the month before, but up by $8,000 compared to November 2022. For the last 5 months, sales values have equaled or exceeded values for the same time last year. The single-family home market is trending up. When compared to 2022, average prices are 3% up based on average sales value.

Sales Volume

 

 

Around 770 homes sold in November 2023 compared to 570 homes in November 2022. For the last 6 months sales volume has easily matched or exceeded volume for 2022.

Days on Market

 

Average days on market in November…

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November Condo Market Report

The Edmonton condo market is alive and well. Sales volume is very strong. Prices remain moderate.

Sales Prices

Condo sales prices softened in November in line with seasonal trends. The average price paid was around $205,000. Condo buyers were able to drive a hard bargain in November. This is around $10,000 LESS than this time last year or 5% down. The last half of the year has seen prices improve. However, buyers were winning big discounts in the spring and this drives down average prices for the yeear. For the entire year, we expect the average prices for condos to be around 4% less than in 2022.

 

Sales Volume

There were around 440 condos sold in November compared to around 290 units sold in…

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October Condo Market Report

The Edmonton condo market is HOT. Prices are lifting and sales volume continues to grow at impressive levels.

Sales Prices

condo prices october 2023

Condo sales prices climbed again for October 2023 at an average price of almost $230,000. This is 10% up over the same month last year and the highest prices all year.

Sales Volume

 

There were over 460 condos sold in October compared to around 300 units sold in October 2022. This represents an increase in volume of 48%. This is the 6th consecutive month of volume sales growth.

Days on Market

Condos sold for an average days on market of only 54 days. This is faster than the previous 2 years at 55 and 63 days. Buyers are selecting condo units quickly and with confidence. 

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October Single Family Market Report

Single family home prices stay higher in October.

Sales Prices

October single family prices edmonton

Sales prices continue to climb. In October 2023, average sales prices settled at almost $464,000 down slightly on the month before, but up $14,000 compared to October 2022. For the last 4 months, sales values have equaled or exceeded sales values for the same time last year. The single-family home market is trending up.

Sales Volume

Sales volume over last year was up by 21% and the month before was 22% up That’s right, fully a third more homes sold. Around 841 homes sold in October 2023 compared to 693 homes in October 2022. 

Days on Market

Average days on market in October 2023 was 42 days. This is 6 days faster than last…

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September Condo Market Report

The Edmonton condo market stays stable. Prices are moderate and sales volume continues to grow at impressive levels.

Sales Prices

Condo sales prices climbed slightly for September 2023 at an average price of around $214,000. This is 1% up over the same month last year. It’s worth noting that sales values are trending LOWER than the previous 2 years due to the very sluggish start to the year.


Sales Volume

There were over 530 condos sold in September compared to less than 385 units sold in September 2022. This represents an increase in volume of 39%. This is the fifth consecutive month of volume sales growth.

Days on Market

Condos sold for an average days on market of only 49 days. This is…

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September Single Family Market Report

Single family home prices stay higher in September.

Sales Prices

Sales prices continue to climb. In September 2023, average sales prices settled at around $468,000 down slightly on the month before, but $10.000 up on September 2022. For the last 3 months, sales values have equaled or exceeded sales values for the same time last year. The single-family home market is trending up.

Sales Volume

Sales volume over last year was up by 22% and the month before was 33% up That’s right, fully a third more homes sold. Around 930 homes sold in September 2023 compared to 760 homes in September 2022.

Days on Market

Average days on market in September 2023 was 42 days. This is 2 days faster than…

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