The spring market clearly had a delayed peak due to COVID-19 this year. Our weekly stats have shown a downward trend for the past few weeks, so I expect that July was the peak of the real estate market in Edmonton this year. We have clients moving for all kinds of reasons at the moment, upsizing, downsizing, relocating, first time buyers, and everything in between; we're all spending a lot more time at home, and for some, our priorities and needs have shifted. I will update this post when the REALTORS@reg; Association of Edmonton releases its monthly report on the real estate market in Edmonton.
"There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too early to say things are shifting back to pre-pandemic levels," said CREB® chief economist Ann-Marie Lurie. "We are still facing record high unemployment rates, significant government aid, and uncertainty throughout the business community. This will continue in the coming months."
Here are all the details on the Greater Edmonton Area real estate market in July:  

Edmonton Stats:

994 homes were reported sold in July in Edmonton, up 10% from last year. 385 condos were reported sold in Edmonton in July, up 4% from last year. The average sale price of single-family homes was $438,015, unchanged from last year, and the median sale price was $382,700, up 0.6% from last year. The average sale price of condos was $216,388 up 0.3% from last year, and the median sale price was $196,500, down 2.3% from last year. The average price per square foot for single-family homes was up $2 to $268 and for condos was down $2 to $212. Posted by Liv Real Estate on
Email Send a link to post via Email

This is under a calgary real estate link. fyi.

Posted by curtis on Monday, August 3rd, 2020 at 1:36am

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.