February Condo Market Report
Posted by Stuart Neal on
The Edmonton condo market is showing signs of recovery.
Sales Prices
Whilst condos traded for less money in February 2023 when compared to 2022, prices were around $2,000 UP when compared to February 2021. And prices are around $5,000 UP in February compared to January 2023.
We expect to see condo prices improve as we hit the spring market.
Sales Volume
The steep growth in condo sales this year perhaps suggests that buyers are recognizing the hidden value of condo product when compared to single family homes.
Condos are much more affordable when compared to single family homes at the current time.
I would expect that this growth curve will continue into 2023.
Days on Market
Condos sold in only 63 days on average…
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