Edmonton Housing Market Update - October 2022

Dated: October 15 2022

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Welcome to another Edmonton Real Estate Market Update! In this video, we will discuss the latest housing market news in Edmonton based on current events and statistics/data from September 2022.

This video is brought to you by Kris Trajano and Allison McDougall of RE/MAX River City's Platinum Team.

Here are the most recent statistics from REALTORS® Association of Edmonton:

• For All Residential Homes, Average Selling Price is at $373,000 which makes it down by -1.6% Year Over Year but up by 0.8% compared to last month

• For Single Family Homes, Average Selling Price is at $474,000. It’s up by 1.8% Year Over Year, but down by -0.9% compared to last month.

• For Condos, Average Selling Price is at $213,000 which is down slightly by -1.9% compared to last year and down by -0.5% Month Over Month.

• In Edmonton, we had 2,416 new listings for the month of September, which is up by 1.7% month over month. Year to Date, we had around 25,000+ new listings by the end of September, making it up by 4% compared to last year.

• For Inventory, we have 6,164 homes available at the end of September.

• In Edmonton, the total homes sold last month were 1,115 which is down by -10.3% compared to last month. Year to date, it’s 15,000+ homes making it -14.9% lower compared to last year.

• The Average Days on Market for Single Family is 46 days, for Condos it’s around 58 days and for all residential, it’s averaging at 50 days.

For our High’s and Low’s:

Condos

Lowest - $28,500 in Beacon Heights Listed by Fan Yang and Haijun Yan of Mozaic Realty Group

Highest - $785,000 in Oliver Listed by Mark Malcolm of RE/MAX River City

Single Family

Lowest - $133,200 in Alberta Ave Listed by Ian Robertson of RE/MAX Elite

Highest - $2,775,000 in Windsor Park Listed by Michael Pavone of RE/MAX Elite

For questions/concerns, you may reach out to:

Allison McDougall at 780-887-7093 / allison@platinumteam.ca

Kris Trajano at 780-232-2224 / kris@platinumteam.ca

Shane Parent at 780-271-7709 / shane@platinumteam.ca

As we always say, real estate is neighborhood specific so don't hesitate to reach out if you have any questions!

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Shane Parent

Shane’s focus is on Associate support and development through one-on-one coaching. He brings a wealth of knowledge, resources and fun to helping Associates achieve their goals. He also offers specia....

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