Edmonton Residential Real Estate Market Update - April 2021

APRIL 2021, AGAIN DID NOT DISAPPOINT AND THE MARKET IS STILL ON FIRE! TOTAL RESIDENTIAL SALES FOR APRIL 2021 IN THE EDMONTON MARKET INCREASED 284.5% COMPARED TO APRIL OF LAST YEAR AND INCREASED 17.6% FROM MARCH 2021. NEW LISTINGS IN ALL CATEGORIES ARE UP 140% FROM APRIL 2020!

NEW LISTINGS ARE UP FROM MARCH 2021 AROUND 10.3% AND OVERALL INVENTORY FELL ABOUT 3.1% FROM APRIL 2020 AND IS UP 11.6% FROM MARCH 2021. 

SINGLE FAMILY HOME SALES INCREASED 285% FROM APRIL 2020 AND INCREASED 15.1% FROM MARCH 2021. CONDOS AND APARTMENT SALES ARE UP 276.5% FROM APRIL 2020 AND ARE UP 22.1% FROM MARCH 2021. DUPLEXES AND TOWNHOME SALES INCREASED 269.9% FROM APRIL 2020 AND 19.9% FROM MARCH 2021.

THE AVERAGE OF ALL RESIDENTIAL PRICES IS AROUND $389,773 AN INCREASE OF 10.2% FROM APRIL 2020 AND DECREASED 0.4% FROM MARCH 2021.

SINGLE FAMILY HOMES ARE AVERAGING AROUND $458,444 AN INCREASE OF 11.7% FROM APRIL 2020 AND AN INCREASE OF 0.1% FROM MARCH 2021.

CONDOS AND APARTMENTS ARE SELLING AT AN AVERAGE OF $228,741 AN INCREASE OF 2.5% FROM APRIL 2020 AND A DECREASE OF 0.4% FROM MARCH 2021. DUPLEXES AND ROWHOUSES ARE UP 5.2% FROM APRIL 2020 AND SELLING AT AN AVERAGE OF $347,561 WHICH IS DOWN 0.2% FROM MARCH 2021.

AVERAGE DAYS ON MARKET:
SINGLE FAMILY HOMES AVERAGED 30 DAYS – A DECREASE OF 28 DAYS FROM APRIL 2020.
CONDOS AND APARTMETS AVERAGED 54 DAYS – A DEACREASE OF 17 DAYS FROM APRIL 2020
DUPLEXES AND TOWNHOMES AVERAGED 35 DAYS – A DECREASE OF 38 DAYS FROM APRIL 2020
OVERALL, ACROSS THE BOARD THE DAYS ON MARKET FOR NEW LISTINGS IS AROUND 37 DAYS
WHICH IS A 27 DAY DECREASE FROM APRIL OF 2020 AND A 5 DAY DECREASE FROM MARCH
2021.

EDMONTON’S REAL ESTATE MARKET SAW A SIGNIFICANT INCREASE IN APRIL FROM YEAR OR YEAR SALES. THERE ALSO HAS BEEN MORE SALES ACROSS THE BOARD OF EVERY CATEGORY COMPARED TO APRIL OF 2020 AND EVEN COMPARED TO MARCH 2021 – WE ARE ULTIMATELY IN A STRONG SPRING MARKET EVEN DESPITE EVERYTHING GOING ON.