August 24th, 2020

LUXURY HOMES EDMONTON JULY STATS

In July, 2020 the Edmonton CMA saw 78 Luxury Home sales above 700K in the region.  This is up from 53 luxury homes selling in the Edmonton region in July of 2019, a 47% increase.  July seemed a hot market across Canada with the most homes ever selling on the MLS platform ever in one month.  Some of this activity is certainly attributed to pent up demand.

The neighbourhood of Glenora saw the most expensive home sale in July at $1,783,000 which was sold close to list price.

In contrast, in the Rural Markets surrounding the Edmonton CMA region, that include Rural Sturgeon County, Rural Strathcona County, Rural Parkland County, Rural Wetaskawin County, Rural Leduc County and Rural St. Paul County there were 45 luxury homes that sold in July of 2020.  July 2020’s luxury sales represented a 114% increase over July of 2019 where 21 homes changed hands.   River’s Gate in Rural Sturgeon County recorded the highest luxury home sale at $1,975,000.

LUXURY HOME VALUATION

Created by Rimrock Real Estate, a boutique local real estate brokerage committed to a premier real estate experience for all of our clients, Luxury Edmonton offers unencumbered access to all of the finest luxury homes for sale in Edmonton’s best neighbourhoods.  If you are searching for a luxury home to purchase in Edmonton, or would like to discuss selling your luxury home in Edmonton, we would be honored to offer a confidential and complimentary luxury home consultation.