Edmonton Property Market Trends | Latest Real Estate Data

The Edmonton property market showed strength in December 2024. The average home price was $435,549. This is a 0.2% drop from November but a 12% jump from last year.

New Homes Alberta gives deep insights into Edmonton’s Real Estate. It shows how the Housing Market in Edmonton is always changing.

Investors and buyers see a strong market with lots of chances. The Edmonton Property Market Trends show steady growth. This is thanks to more people moving here and new job chances.

The market is great for both new and experienced buyers. It offers unique chances for everyone.

• Average home price in Edmonton reached $435,549 in December 2024
• Year-over-year home price increase stands at 12%
• Market demonstrates consistent growth and stability
• Diverse property types offer investment opportunities
• Strong demand continues to drive Edmonton Real Estate market

Edmonton’s housing market is growing fast in 2024. This is great news for people looking to buy or invest in property. The real estate scene is lively, with prices going up in many areas.

Property values in Edmonton are holding strong. Here are some key numbers that show the market’s power:

• Average home price in Edmonton: $436,401 (14.6% year-over-year increase)
• Detached home prices: $539,468
• Condominium prices: $211,583

Home prices in Edmonton are rising across different types of homes. Single-family homes saw an 8.7% price jump, with prices now at $476,100. Townhouses and apartments also saw big increases:

The real estate market in Edmonton did well in 2024. In June, there were 2,847 home sales, up 10% from last year. The market is balanced, with a sales-to-new-listings ratio of 77%.

Edmonton’s property market is very appealing for buyers and investors. Residential listings averaged just 30 days on the market, with detached homes selling even quicker. The city’s growing population adds to the market’s allure.

A stable and promising real estate market awaits those looking to invest in Edmonton’s vibrant property landscape.

The Edmonton home sales market shows different trends in 2024. Residential market trends in Edmonton vary by property type. This gives important insights for buyers and investors.

• Semi-detached homes showed strong growth with a 12% year-over-year price increase
• Average semi-detached home prices hit $408,823, with a 0.6% month-over-month drop
• Townhouse markets saw big growth, with prices up 12% year-over-year
• Townhouse average prices stayed at $292,640, with a 1.5% monthly increase

“The Edmonton real estate market continues to display robust performance across diverse property segments,” reports local real estate analyst.

Detailed price performance reveals interesting market dynamics:

These stats highlight the Edmonton home sales market’s dynamic nature. They show strategic opportunities for investors and homebuyers in the residential market trends in Edmonton.

The Housing Market in Edmonton is growing fast and showing a lot of life in 2024. Recent numbers show big changes in different types of properties. This gives us a clear view of Edmonton’s real estate scene.

Edmonton’s property market has seen big price swings in recent months. Here are some key points:

• The average home price in the Greater Edmonton Area hit $431,387
• This is a 2.5% jump from March 2024
• Detached homes saw a 2.1% price rise month-over-month

Looking at the past year, we see big increases in property values:

• Detached homes went up by 6.2%
• Semi-detached properties rose by 5.9%
• The overall benchmark price climbed 5.4% from April 2023

“The Edmonton Property Market Trends showcase resilience and steady appreciation in 2024.”

Several signs point to a market on the rise:

1. Sales volume has seen a big jump
2. Detached home sales grew 51.4% year-over-year
3. Semi-detached units saw a 61.7% sales increase

These trends show Edmonton’s real estate market is strong and growing. It offers great chances for investors and homebuyers alike.

The Edmonton home prices market shows interesting insights. The MLS® Home Price Index (HPI) tracks the city’s real estate. The HPI composite benchmark price is $403,900, giving a detailed view of the market.

• HPI benchmark price increased 0.4% from the last month
• Year-over-year, property values rose 7.8%
• The real estate market keeps going up

Looking closer at Edmonton’s property values, we see how different types of homes are doing:

“The benchmark price provides a standardized measure of home price trends, giving investors and homebuyers a clearer view of market value.” – Edmonton Real Estate Association

These numbers show Edmonton’s property market is strong. It’s growing steadily across all types of homes.

The Edmonton Real Estate market shows exciting changes through its sales-to-new-listing ratio (SNLR). This ratio gives us important clues about market balance and how buyers and sellers interact.

Edmonton’s residential real estate market is quite unique. It has some key indicators that show interesting trends:

• Sales-to-new-listing ratio reached 1.0, showing a strong market
• New listings fell by 35.6% in December 2024
• Total sales dropped 22.8% from the month before
• But, sales went up 23% from last year

The Edmonton Home Sales scene is currently very favorable for sellers. A sales-to-new-listing ratio above 0.6 means sellers have the upper hand. This is what the market is showing right now.

“The market dynamics suggest sellers are in a commanding position, with limited inventory and sustained demand.”

Looking at different property types, we see the market’s strength:

• Detached single-family homes: 10.1% price jump year-over-year
• Half-duplex properties: 11.7% annual growth
• Condominiums: Saw an 18.1% year-over-year price increase
• Townhomes: Prices went up by 11.8%

These signs point to a strong Edmonton Real Estate market. It looks promising for both sellers and smart buyers.

The Edmonton Housing Statistics show a lively market with different homes doing well in their own ways. In December 2024, single-family homes hit a benchmark price of $475,500. This is a 9.7% jump from last year.

Looking at the Residential Market Trends in Edmonton, we see big differences in home types:

• Detached Homes: Average price of $580,234 (8.4% year-over-year increase)
• Semi-Detached Homes: Average price of $513,238 (9.0% year-over-year increase)
• Row Homes: Average price of $383,399 (14.7% year-over-year increase)
• Apartments: Average price of $287,995 (7.6% year-over-year increase)

Market trends show row homes are seeing the biggest price jumps. Apartments are growing at a slower pace.

“The Edmonton residential market continues to show resilience across different property types, with sustained price growth and strong market conditions.” – Real Estate Experts

Investors and homebuyers should pay attention to the different ways homes are performing. Row homes are looking very promising in the current Edmonton Housing Statistics.

Exploring Edmonton’s Home Prices shows a great chance for homebuyers. The city’s Housing Market is very affordable compared to other big Canadian cities.

Edmonton shines as a top choice for affordable homes in Canada. With an average home price of $382,700, it’s much more affordable than Vancouver and Toronto.

The income-to-price ratio in Edmonton tells a great story for homebuyers:

• Mortgage payments are just 24.5% of what people earn before taxes
• First-time buyers can find homes for around $300,000
• The most sought-after homes are priced between $300,000 and $500,000

“Edmonton’s housing market provides an affordable entry point for buyers seeking value and opportunity.”

Mortgage rates have changed from 3% to 6% from 2021 to 2024. But Edmonton stays affordable. The city’s strong Housing Market keeps attracting buyers looking for stability.

These numbers show Edmonton is a great choice for both first-time buyers and investors. It offers solid real estate opportunities.

Edmonton’s property market is unique in Canada. It grows at a steady pace, unlike Toronto and Vancouver. This makes Edmonton stand out in the real estate world.

Edmonton Real Estate shows a balanced approach. This is key to its success:

• Home prices have grown by 19% over five years. This is a steady increase.
• It’s much more affordable than big cities across Canada.
• Investments in different property types have done well.

“Edmonton offers investors a pragmatic real estate environment with predictable growth and lower entry barriers.”

Edmonton’s market has several unique features:

1. Home prices grow at a moderate pace. This helps avoid big market swings.
2. The city’s economy supports stable real estate.
3. Prices are lower than in many other parts of Canada.

Investment data shows Edmonton’s strong market position. In 2022, $3.4 billion was invested in the city. This includes a lot of money in multi-family and industrial properties. The market is strong because it spreads investments across different sectors.

Edmonton’s house prices are about one-third of Toronto or Vancouver’s. This makes it a great choice for those looking for affordable urban homes.

The Edmonton real estate market is full of opportunities for investors looking for strong returns. Trends in the Edmonton Property Market show a promising landscape for strategic investments.

Investors looking at Edmonton Real Estate will find many reasons to consider it. The city’s economic situation offers several investment opportunities:

• Predicted home price increase of up to 10% in 2025
• Monthly rent growth ranging from 6% to 8%
• Anticipated surge in first-time homebuyers
• Tight inventory in the $350,000 to $450,000 price range

Edmonton is known for its high rental income. Data shows that rental properties in Edmonton offer better returns than other major Canadian cities. The rental market saw its biggest growth in 2024, and it’s expected to keep growing.

“The Edmonton real estate market offers investors an exceptional combination of affordability and growth.” – Local Real Estate Analyst

Several indicators show the market’s strength and growth:

1. Detached house purchases reached 16,780 in 2024
2. Less than three months of housing supply available
3. Multifamily housing starts expected to increase

Investors should also be aware of challenges. These include slower job growth and changes in federal immigration policies. Making a smart investment means understanding these market details.

The Edmonton housing statistics show a big change in the market. In 2024, the city saw a huge jump in new homes being built. Housing starts went up by 47% in the third quarter of that year.

Here are some important points about the new construction:

• Alberta reported 4,352 housing starts in July 2024
• Almost 1,400 new homes were built every month in July and August
• About half of these new homes were for rent

“Edmonton’s construction market shows great strength and flexibility in 2024,” says a local real estate expert.

The residential market in Edmonton is showing some interesting trends. Sustainability is now a big deal, with more people wanting eco-friendly homes. This is according to Built Green Canada.

Even with challenges like a shortage of skilled workers and not enough land, Edmonton is a great place for housing. The city’s large population of nearly 1.6 million is driving the growth of new homes. This makes Edmonton a lively place for real estate.

RBC’s Green Home Mortgage program is helping make homes more sustainable. It offers lower monthly payments for homes that use less energy. This program matches what more people want: homes that are good for the planet.

To understand Edmonton Home Sales, we need to look at how fast homes sell. The time homes spend on the market tells us a lot about the market and buyer interest.

In December 2024, the Edmonton real estate market showed some interesting trends. These trends were seen in how long different types of homes stayed on the market.

The time homes spent on the market varied a lot by type:

• Detached homes: 44 days (3-day increase from November)
• Semi-detached homes: 33 days (1-day increase)
• Row/Townhouses: 38 days (2-day increase)
• Apartment Condominiums: 57 days (9-day increase)

Seasons greatly affect Edmonton Home Sales. Winter months usually have slower markets, leading to longer listing times.

“Market dynamics shift with seasons, impacting how quickly properties sell in Edmonton Real Estate,” says local market analyst.

The Edmonton residential market averaged 44 days on market. This shows a slight slowdown but a market that’s not too slow.

The Edmonton Home Prices scene is changing fast because of new mortgage rates. As of January 2025, these rates offer great chances for homebuyers and investors in Edmonton.

Important mortgage rate facts are key for the market:

• Current lowest 3-year fixed mortgage rate: 4.09%
• Bank of Canada key interest rate cut: 50 basis points from 4.25% to 3.75%
• Prime interest rates fell from 6.45% to 5.95%

“The rate cut will increase buyer spending power and stimulate market activity,” says Edmonton realtor Tom Shearer.

Mortgage experts like Mark Holtem think rates will drop more in winter. This could make spring 2025 a strong time for Edmonton Home Prices. The economy looks promising:

1. Canadian inflation went down from 2.7% to 1.6%
2. Economy growth expected at 1.75% in the second half of 2024
3. More buyer competition might happen

Even with high unemployment, Edmonton’s Housing Market is more affordable than other big Canadian cities. The rate changes and economic signs point to a good time for real estate investments.

Edmonton’s population is growing fast, changing the Housing Market in Edmonton. From 2022 to 2023, the city’s population jumped by 5.1%, reaching 1,128,811 people. This growth is making big changes in Edmonton Property Market Trends.

Key insights show how population growth affects the market:

• Population forecast shows continued growth of 4.2% in 2024
• Net international migration contributes nearly 61% of population change
• Temporary migration accounts for approximately 32% of population shifts

The city’s growing population is putting a lot of pressure on real estate. Population growth is not just a number—it’s a powerful economic catalyst. With a 2.5% average annual population increase expected from 2024 to 2028, housing demand is rising fast.

“Edmonton’s population growth is fundamentally restructuring our housing ecosystem” – Local Urban Planning Expert

Economic signs also point to this trend. Employment is expected to grow by 1.9% in 2024. The working-age population has already gone up by 4.3% from late 2023. These numbers show a strong base for more real estate development and investment.

The Housing Market in Edmonton needs to adjust to these changes. This might mean more construction, different types of housing, and better urban planning to handle the growing population.

The Edmonton Property Market Trends are set for an exciting 2025. There are signs of growth and stability. Investors and homebuyers can look forward to a strong real estate scene. This reflects the city’s economic strength.

Edmonton Real Estate is expected to see big price jumps in 2025. Here are some key predictions:

• 10% expected increase in average home sale prices
• 4% projected rise in total home sales
• Continued seller’s market conditions

The average sale price is expected to rise from $431,839 to about $474,623. This is due to strong demand and a limited housing supply.

Several key factors will influence Edmonton’s property market stability in 2025:

The Edmonton Property Market Trends show remarkable resilience. Housing costs are just 33.7% of household income—the lowest in major Canadian cities.

“Edmonton’s real estate market is set for sustainable growth. It balances affordability with attractive investment opportunities.”

Investors can look forward to more opportunities in Edmonton’s dynamic real estate scene. Strategic developments and favorable economic conditions will support market growth.

The Edmonton real estate market is changing fast in 2024. In August, 1,809 homes were sold, a 13.5% jump from last year. This shows the market is strong and could grow more.

Single-family homes are key, with prices averaging $524,809. Other types of properties also offer good chances for investors.

Edmonton’s property market trends show big changes in different types of homes. Townhomes saw the biggest price jump, up 20.6% to $278,000. Condominiums and half-duplexes also grew, making the market appealing for both new and experienced buyers.

New Homes Alberta is here to help you understand this market. We offer help for first-time buyers, new construction sales, and moving to Edmonton. Call us at (403) 305-9167, open 9:30am to 8:30pm, every day.

Edmonton is growing, with new areas in the west and south. This growth means good chances for smart investments. With the right advice, you can make the most of Edmonton’s real estate.