YEG REAL ESTATE RESULTS September 2022 – JFSELLS.COM

October 5, 2022

Values are up vs Sept 2021, down vs Aug 2022: Residential sales in the Greater Edmonton Area (GEA) September decreased 12.2% vs August 2022 (M/M), down 15.7% vs September 2021 (Y/Y). Listings are up 1.7% M/M & 3.7% Y/Y.

Single-family sales were down 21.9% Y/Y  & 13.5% M/M at 894. Avg value was $463,051, a 2% Y/Y increase, down 1.1% M/M. Condo sales were down 1.5% Y/Y & 13.2% vs August 2022 (M/M). Avg value: $220,013, down 1.9% Y/Y, flat (M/M). Duplex/rowhouse sales were down 7.2% year-over-year (Y/Y) & 4.9% M/M with prices up 11.6% Y/Y at $375,923, a 4.3% decrease (M/M).  Full Stats at: 2022-09_Edmonton_Statistics, SEPT_2022_MonthlyStatsBoard & SEPT_2022_CREA-EDMOstats 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $388,800, a 2.2% increase from September 2021, with a small decrease of 2.6% recorded from August 2022. An overall “Balanced Market” as per MaxWell Realty’s supply and demand metrics calculator: