Let's break down the important factors for Sellers, Buyers, and Investors based on the market data from the Greater Edmonton Area (GEA) real estate report.

The Market is Shifting - Is Now the Right Time to Sell? While we saw an 11.8% decrease in residential unit sales from July, the market is still 15.8% higher than last year! Detached homes in Edmonton are still holding strong with a 12.5% year-over-year increase in sales and prices up 10.2% over August 2023. If you’re considering selling, now could be the perfect time to take advantage of the upward trend.

Key Stats for Sellers:
• Average Detached Home Price: $546,101 (+10.2% YoY)
• Days on Market: 35 days (up slightly but still competitive!)
• Inventory is down, meaning less competition for your home!

With new listings on the rise (+7.7% YoY), there are more options for buyers in the Edmonton market, despite a slight monthly dip. Semi-detached and apartment condo sales are up, offering diverse opportunities for first-time homebuyers or those looking to upsize.

Key Stats for Buyers:
• Semi-Detached Home Prices: $414,526 (+10.9% YoY)
• Apartment Condos: $203,742 (+5.1% YoY)
• More homes available with inventory up from last year!

Now could be the perfect time to find your dream home before the market heats up again.

Despite a cooling market from July, we are seeing significant year-over-year growth in property prices, with row/townhouse prices up 14.7% and detached homes up 10.2%. If you're looking to expand your portfolio, now is the time to capitalize on rising prices and growing demand.

Investment Highlights:
• Row/Townhouse Prices: $290,569 (+14.7% YoY)
• Detached Homes: $546,101 (+10.2% YoY)
• Apartment Condos: $203,742 (+5.1% YoY)
• Consistent demand, with unit sales still up 15.8% from last year.

Let’s explore your options in this thriving market!

Read Full Market Stats Report