Alberta Real Estate Market Brief — Jan 29, 2026 (Pricing to sold comps)

Updated: — Focus: Pricing to sold comps Read time: ~2 minutes

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The market doesn’t care what’s listed — it cares what actually sold. Pricing to sold comps protects your time, reduces “lowball gravity,” and attracts the right buyer confidence.

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Fast answers (sold comps)

What’s the best comp set size?

Usually 3–6 recent solds that match your home type, size, and location. More is fine, but don’t dilute relevance.

How recent should comps be?

Ideally within 30–90 days. In slower segments, you may extend further — but adjust for market changes.

Why not use active listings to price?

Actives are “aspirations.” Sold comps are proof of what buyers paid — and what lenders will support.

Today’s theme: Price to proof, not hope.

Seller framework (pricing to solds)

Pick the right comparables Same style (bungalow/2-storey/condo), similar size, similar lot/parking, and as close as possible.

Adjust for “big levers” Renovation level, basement finish, garage, lot backing/traffic, and condition. Ignore tiny cosmetics.

Use a pricing range Start with a realistic range, then choose a list price that matches your urgency and competition.

Watch the first 7–10 days Strong showings + weak offers means terms or presentation issue. Weak showings means price is off.

Seller edge: the “right” price often creates multiple-offer pressure without overpricing risk.

Buyer framework (using solds to win)

• Validate value: pull solds in the same pocket (not just the same neighbourhood name).
• Know your ceiling: if solds support the price, compete on terms; if not, negotiate hard.
• Ask the right question: “What did similar homes sell for in the last 60 days?”

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FAQ (sold comps)

What are “sold comps” in Alberta real estate?

Comparable properties that recently sold and are similar in style, size, location, and condition. They’re the best indicator of market value.

How do I adjust comps for renovations?

Treat renovations as a range, not dollar-for-dollar. Use nearby solds with similar finish levels to estimate a reasonable adjustment.

Do comps work the same for condos?

Mostly, yes — but match the building, unit size, exposure, parking, fees, and recent special assessments when possible.

When should a seller reduce price?

If showings are weak in the first 7–14 days compared with similar listings, price is usually the culprit. Move fast before the listing “stales.”

About the author

Abraham (Ibrahim) AlGendy — REALTOR® and former corporate commercial lawyer. Edmonton-based, serving clients across Alberta with a calm, evidence-led approach. Learn more: /about.