Central Alberta Sales & Prices Hold Seady

Courtesy of CARA (Cetral Alberta Real Estate Association)

Central Alberta home sales and average price both steady on a year-overyear basis in February 2017

Red Deer – March 15, 2017 - Residential sales reported through the MLS® System of the Central Alberta REALTORS® Association numbered 237 units in February 2017

This was a small increase of 0.9% or just two sales from February 2016.

On a year-to-date basis home sales totaled 425 units over the first two months of the year, rising 5.5% from the same period in 2016.

Sales activity in all of Alberta was up 20.8% from February 2016.

New residential listings on the Association’s MLS® System numbered 778 units in February, up 10.2% from February 2016.

There were 2,691 active residential listings on the Association’s MLS® System at the end of February, rising 7.7% from levels at the end of February 2016.

There were 11.4 months of inventory at the end of February 2017, up a bit from 10.6 months reported at the end of February 2016 and above the long-run average for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in February 2017 was $70.5 million, down 5.5% compared to February 2016. The dollar volume of all home sales in Alberta, by comparison, was $1.49 billion, up 21.4% from February 2016.

Sales of all types of properties totalled 247 units in February. This was down 0.4% compared to February 2016. The total value of all property sales amounted to $75.4 million in February, down 7.1% compared to February 2016.

The Central Alberta REALTORS® Association is an MLS® listing co-operative, representing more than 560 REALTORS® located in Red Deer and throughout Central Alberta. Details and photos of all Central Alberta REALTORS® Association listings can be found at www.carassociation.ca and on the national public web site
www.REALTOR.ca (residential and commercial and investment properties).

The complete statistics package can be found HERE.


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