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. Posted by Liv Real Estate on
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Where I live the bottom end of the resale apartment market cost the same as Edmonton today way back in 1972 before inflation took off in 1973 and 1974. I lived in Scarborough, Ontario back then.

Posted by Tony on Thursday, January 7th, 2021 at 1:02am

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