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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