How’s the real estate market?

Here are the Greater Edmonton area average prices for February 2024

Averages:

Detached homes $508,411

Semi-detached homes $385,163

Row/townhouses $275,735

Apartment Condominiums $181,347

The Realtors Association of Edmonton reported:

“Total residential average prices came in at $407,458, a 2.3% increase from January 2024, and a 10.4% increase from February 2023. Detached homes averaged $508,411, increasing 5.2% from January 2024 and up from the previous year by 10.7%. Semi-detached units sold for an average of $385,163, a 7.7% increase year-over-year, and a 1.8% increase from the previous month. Row/townhouse prices were up 2.4% from January 2024 and 9.7% when compared to February 2023, selling at an average of $275,735. Apartment Condominium average prices hit $181,347, decreasing 5.7% over last month and coming in 3.2% lower than the previous year.

The complete RAE’S February 2024 complete market update:

https://realtorsofedmonton.com/statistic/housing-market-heating-up-for-an-early-spring/

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