How’s the real estate market?

Average prices in Greater Edmonton area for December 2023:

Detached homes averaged $489,392

Semi-detached homes averaged $364,115

Row/townhouses averaged $260,959

Apartment Condominiums averaged $170,408

The Realtors Association of Edmonton reported:

“Total residential average prices came in at $388,637, a 2.0% increase from November 2023, and a 3.5% increase from December 2022. Detached homes averaged $489,392, amounting to a 3.7% year-over-year increase, a 2.1% increase from November 2023. Semi-detached sold for an average of $364,115, resulting in a 1.6% increase year-over-year, and a 0.5% increase from the previous month. Row/townhouse prices were down 4.0% from November 2023 and increased 9.9% when compared to December 2022, selling at an average of $260,959. Apartment Condominium average prices hit $170,408 showing decreases of 0.4% from last month and 5.2% from last year.”

RAE’s December 2023 complete market update can be found at:

https://realtorsofedmonton.com/statistic/december-market-busier-than-usual-not-enough-to-outpace-2022-activity/