Note:  Courtesy of Alberta Real Estate Association

 

The Alberta Real Estate Association (AREA) compiles provincial MLS® sales data for dissemination to REALTORS® and other interested groups. The data that is provided represents statistics provided to AREA by way of the Canadian Real Estate Association (CREA). For more detailed statistical information for Boards/Associations or for individual areas, contact your local real estate Board/Association or your local REALTOR®.

The Alberta Real Estate Association (AREA) reports that a total of 4,327 residential unit sales were
recorded through the MLS® Systems of real estate Boards/Associations in Alberta in October, down 28.9
per cent from the same month last year. The average MLS® residential price dropped 3.9 per cent from
October 2014 to $384,381.

 

Five of Alberta's ten real estate Boards/Associations saw an increase in monthly residential average
prices from year‐ago levels:

 

 

The five remaining Boards/Associations saw the monthly residential average price decrease to varying
degrees from October 2014:

 

 

Note: The data included in the charts below is national data and may not perfectly reflect the data reported by a Board/Association. The numbers represented include all activity recorded for a board’s area, e.g. Calgary includes all sales recorded through CREB®, not just the Calgary metropolitan area. For more specific information, please contact your local board/association. Click here for a general guideline of Board/Association boundaries.

 

 

The value of all home sales in the province totalled $1.66 billion for the month, falling 31.7 per cent
from October 2014.

 

 

There were 5.7 months of inventory at the end of October 2015, up from 3.4 months at the same time
one year ago.

 

 

New listings on the MLS® Systems of real estate boards in Alberta numbered 8,119 units in October,
a decrease of 3.3 per cent from a year earlier, while active residential listings numbered 24,743 units at
the end of October, up 20.1 per cent from one year earlier.

 

Nationally, home sales activity was virtually unchanged year‐over‐year. The national average price, by
comparison, rose 8.3 per cent on a year‐over‐year basis to $454,976.

 

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The Alberta Real Estate Association (AREA) represents more than 10,000 REALTORS® and 10 real estate
Boards/Associations province‐wide. AREA’s vision is to provide world‐class leadership that positively shapes the Alberta real estate profession, enhances member professionalism, and reinforces the critical value REALTORS® deliver to both buyers and sellers.

For more information, please contact AREA Communications at communications@areahub.ca or by phone at 1.800.661.0231.

 

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