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Alberta Real Estate Market Reports – September 2016

Alberta Real Estate Market Reports – September 2016

Alberta home sales edge down year-over-year in August

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 4,927 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in August, down 4 per cent from the same month last year. This was the smallest year-over-year decline since December 2014.

The average MLS® residential price edged up 0.5 per cent from August 2015 to $390,615.

Three of Alberta’s real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels, while the Edmonton region average price was unchanged:

Board Year-Over-Year Change Year-to-Date Change
Alberta West +16.8 per cent -0.9 per cent
Lloydminster Region (AB Only) +2.5 per cent -4.1 per cent
Calgary Region +1.4 per cent +1.2 per cent
Edmonton Region 0.0 per cent -0.2 per cent

The remaining six Boards/Associations saw the monthly residential average price decrease to varying degrees from August 2015:

Board Year-over-Year Change Year-to-Date Change
Lethbridge Region -2.1 per cent +0.3 per cent
Grande Prairie Region -4.8 per cent -6.0 per cent
Central Alberta -6.4 per cent -4.0 per cent
Fort McMurray Region -7.0 per cent -13.3 per cent
Medicine Hat Region -7.1 per cent -5.4 per cent
South Central Alberta -11.7 per cent -15.4 per cent

Note: The data above is national data and may not perfectly reflect the data reported by a Board/Association. The numbers represented are for the full Board/Association region, rather than city/town proper areas that may be reflected in a board’s name. Click here for a general guideline of Board/Association boundaries.

The value of all home sales in the province totalled $1.92 billion for the month, falling 3.5 per cent from August 2015.

There were 5.9 months of inventory at the end of August 2016, up from 5.2 months at the same time one year ago.

New listings on the MLS® Systems of real estate boards in Alberta numbered 9,433 units in August, an increase of 0.9 per cent from a year earlier, while active residential listings numbered 28,959 units at the end of August, up 9.2 per cent from one year earlier.

 

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