Jan 22/16 Market Report from AREA

Alberta home sales down year-over-year in December

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 2,532 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in December, down 17.4 per cent from the same month last year. The average MLS® residential price edged down 0.3 per cent from December 2014 to $389,486.

Six of Alberta’s ten real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels:

Board Year-Over-Year Change Year-to-Date Change
Lloydminster Region (AB Only) +29.9 per cent +0.7 per cent
South Central Alberta +15.3 per cent -4.0 per cent
Lethbridge Region +14.6 per cent +2.5 per cent
Alberta West +2.4 per cent 0.0 per cent
Medicine Hat Region +1.9 per cent +4.0 per cent
Edmonton Region +1.0 per cent +1.9 per cent

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

Board Year-over-Year Change Year-to-Date Change
Calgary Region -0.4 per cent -1.5 per cent
Central Alberta -1.0 per cent +0.3 per cent
Fort McMurray Region -2.2 per cent -6.2 per cent
Grande Prairie Region -5.0 per cent +0.4 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 $986 million for the month, falling 17.7 per cent from December 2014.

There were 7.9 months of inventory at the end of December 2015, up from 5.1 months at the same time one year ago.

New listings on the MLS® Systems of real estate boards in Alberta numbered 4,558 units in December, an increase of 13.7 per cent from a year earlier, while active residential listings numbered 20,067 units at the end of December, up 27.9 per cent from one year earlier.

Click here for the full release, including a breakdown of information by area. For more detailed statistical information, contact your local real estate Board/Association or your local REALTOR®.