The real estate market finished out the year strong with the most sales we’ve seen in the Greater Edmonton Area (GEA) in December since 2007. After a rocky start, total sales in 2020 finished 3% ahead of 2019, with single-family homes in the communities outside of Edmonton – particularly St. Albert and Sherwood Park – seeing the largest gains. The benchmark price for single-family homes was up 4.1% compared to last December, while apartment-style condos continued to see declines (3.5% down from last year).

The REALTORS Association of Edmonton® will hold their annual forecast on January 13 and will include a forecast from Benjamin Tal of CIBC World Markets Inc., who happens to be my favourite economist, and I will be liveblogging the event right here. Don’t miss it!

Edmonton Stats

462 single-family homes were reported sold in December, up 15% from last year while condo sales were about the same as last year (150 sales compared to 146). The average price of single-family homes was up 1% to $406,580 and the median was up 3.4% to $365,500. The average price of condos was down 2.4% to $216,932 and the median price was down 3.5% to $191,000. I will update this post when the REALTORS Association of Edmonton releases its report on the Greater Edmonton Area real estate market next week.

About Sara MacLennan

Sara MacLennan is the Director of Marketing at Liv Real Estate and a licensed Real Estate Associate. The bulk of Sara’s experience and wealth of expertise lies in on-line technology and marketing both for agents and consumers. Sara is the former National Director for Interactive Marketing for Coldwell Banker Canada where she was responsible for an extensive training program traveling to offices across the country training agents and brokers on marketing and technology. Find Sara on Twitter @edmontonblogger.