, March 2, 2021: Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for February 2021 increased 52.1% compared to February 2020.
The number of new residential listings is up year over year, increasing 7.6% from February 2020.
For the month of February, single-family home unit sales are up 62.2% from February 2020. Condo unit sales increased 19.5% from February 2020.
All residential average prices are up to $377,931, a 7.6% increase from February 2020.
Single-family homes sold for an average of $437,977, a 2.7% year-over-year increase from February 2020. Condominiums sold for an average of $230,929, an 8.4% increase year-over-year.
Duplex prices increased 6.6% from February 2020, selling at $343,028.
Single-family homes averaged 48 days on the market, a 23-day decrease from February of last year. Condos averaged 62 days on the market, an 11-day decrease year-over-year, while duplexes averaged 48 days on market, a 32-day decrease compared to February 2020. Overall, all residential listings averaged 52 days on market, decreasing by 21 days year-over-year.
See below for Spruce Grove, Stony Plain and Parkland County.