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2020 Alberta Year in Review

2021-02-12 · Your HonestDoor Team 3 min read



Image representing 2020 Alberta Year in Review

We’ll cut to the chase and focus on 3 cities in this blog post: Calgary, Edmonton & Red Deer. Data is an important part of the research that you do in real estate. Remember that correlation is not causation! That said, is the “Great Migration” to suburbs real? Everyone was talking about the need for more space during COVID, so did it actually happen? Here’s some data to suggest it might have - but keep researching! Find anything interesting? Let us know!

Neighbourhoods with the Most Residential Transactions:

City

Neighbourhood

Average Sale Price (2020)

Average Increase/Decrease in Sales Price vs. 2019

Edmonton

Chappelle Area

$358,200

-5%

Calgary

Cranston

$515,650

-9%

Red Deer

Westlake

$386,100

-4%

Neighbourhoods with Highest Average Residential Transaction Prices:

City

Neighbourhood

Average Sale Price (2020)

Edmonton

Windsor Park

$1,450,000

Calgary

Upper Mount Royal

$1,720,000

Red Deer

Sunnybrook South

$502,500

Neighbourhoods with the Most Condo Transactions:

City

Neighbourhood

Average Sale Price (2020)

Edmonton

Oliver

$247,000

Calgary

Beltline

$303,600

Red Deer

Downtown

$203,300

Residential Neighbourhoods with Highest Average Sales Increases from 2019:

City

Neighbourhood

Average Sale Price (2020)

Average Increase/Decrease in Sales Price vs. 2019

Edmonton

Windsor Park

$1,450,000

35%

Calgary

Kingsland

$561,000

19%

Red Deer

Anders South

$494,000

26%

*Note: It’s always important to remember that HonestDoor includes data on private transactions. These include transactions that did not hit the MLS - such as family transactions or for-sale-by-owner.

Do you have a city or place you’d like insightful data on? Let us know! Here’s an anonymous form where you can tell us.

Yours truly,

HonestDoor

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REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.


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