The new normal is here…to stay.
How has all these changes affected our real estate market? Lets find out!
Here are the August 2020 Real Estate Statistics for Edmonton and Greater Area.
Sales are down 13% from July 2020.
But sales are up 20% from August 2019.
The average selling price for all homes is $374,000
This is 1.86% higher than this time last year.
The average selling price for all single family homes is $439,000
This is 1.04% higher than this time last year.
The average selling price for all condominiums is $229,000
This is 2.23% lower than this time last year….Covid being the main reason we have seen this drop.
And the average selling price for all Duplexes and Row Homes is $334,000
Which is 3.48% lower than this time last year….again, Covid!
How does your home value shape up comparatively?