Average price of a single-family home broke $400,000

The MLS® announced that last month, the average price of a single-family detached home in the Edmonton area was above $400,000. In fact, according to the REALTORS® Association of Edmonton, last month’s average price for a single-family detached home sold was $400,973. This comes as a surprise to many Edmontonians since these types of homes haven’t broken the $400,000 barrier since May of 2007 when they sold for $424,400- four months later the price dropped to $402,379.

single-family detached home

Photo by: Mike32

In addition to breaking the $400,000 mark, the actual price increase was by 0.3% from January to February 2013. Furthermore, the actual price increase from February 2012 to February 2013 was 4.3%. Something else to consider is the median price of a single-family detached home last month, which fell 0.3% from January to $373,500.

Whether its single-family detached homes or condos, the Edmonton real estate market continues to thrive. At the end of February, there were 4,183 homes listed on the MLS® with the number of residential sales estimated at 1,089- which is up by 18% from the previous month. These figures are sure to increase as we get closer to spring when the markets will bloom.


The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.