Resilient and Robust: Edmonton's Real Estate Market Defies Economic Uncertainty with Double-Digit Growth
Posted by Liv Real Estate on
As we analyze January's data for the Greater Edmonton real estate market, remarkable trends emerge. January observed a notable surge in property values, with single-family homes escalating by 14% to reach a benchmark price of $495,700 compared to last year. Apartment-style condos and townhouses were not far behind, marking increases of 9% and 13%, respectively. This surge culminated in the sale of a record-breaking $6 million single-family home, setting a new peak for luxury real estate in the region.
Inventory levels remained low, totalling 3,723 listings—an 18% decrease from the previous year—reflecting a robust seller's market. This is particularly pronounced as Edmonton witnessed 1,597 homes sold in January alone, an 11% increase year over year…
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