MLS sales improve in July

Red Deer’s residential resale market generated 168 Multiple Listing Service sales last month, according to figures released Thursday by the Central Alberta Realtors Association.

Red Deer’s residential resale market generated 168 Multiple Listing Service sales last month, according to figures released Thursday by the Central Alberta Realtors Association.

Although that tally was down nine per cent from the 185 MLS sales in June, it marked a six per cent improvement on the 158 deals recorded in July 2012.

Elsewhere in the Central Alberta region covered by the association, July sales numbered 284. That was six per cent higher than the June figure of 268, but represented a nearly 10 per cent decline from July 2012, when there were 311 MLS sales.

So far this year there have been 1,145 sales in the city, up three per cent from 1,115 to the same point in 2012; and 1,540 transactions in the association’s area outside Red Deer, a two per cent decline from 1,578 during the first seven months of last year.

The average resale price in Red Deer during July was $336,430, up from $307,862 a year earlier. The average for the year-to-date is $324,893, an improvement from the 2012 average for the same period of $304,622.

For the surrounding region, the July average was $275,998, as compared with $288,668 for the same month last year. The January-to-July average was $266,705 this year, up from $260,129 last year.

Because average prices include homes of a various types and from different locations, they can vary from month to month and may not be indicative of market trends.

The association processed 737 residential MLS listings in July: 290 for Red Deer homes and 447 for dwellings in the outlying area.

Last year, the number of new listings for the same month was 699, with 230 of these in the city and 469 elsewhere.

So far this year, there have been 5,020 new listings. Of these, 1,830 have been in Red Deer and 3,190 outside the city.

Last year during the same period there were 5,527, with 1,813 in the city and 3,714 outside.

Just Posted

Springbrook Skate Park gets financial boost

Province approves $125,000 grant for proposed skate park

ReThink Red Deer gets thumbs up from city on pollinator barn structure

Group is hoping to get a $40,000 building grant

Driver who backed into Red Deer pizzeria sentenced

David Andrew Amstutz sentenced for failing to remain at the crash scene

Team Alberta athletes arrive in Red Deer on Saturday for pre-games orientation

Excitement is building with less than a month to go, says Team Alberta spokesperson

UPDATED: STARS Lottery is back

Lacombe STARS patient tells his story

Trudeau says politicians shouldn’t prey on Canadians’ fears

The Prime Minister was speaking at a townhall in Ontario

Olympian snowboarder Max Parrot diagnosed with Hodgkin’s lymphoma

Each year in Canada, approximately 900 people are diagnosed with Hodgkin’s lymphoma

‘Prince of Pot’ Marc Emery accused of sexual assault, harassment

Emery denied the allegations, but a Toronto woman says she is not the only one speaking out

Asteroids are smacking Earth twice as often as before

The team counted 29 craters that were no older than 290 million years

Canada’s arrest of Huawei exec an act of ‘backstabbing,’ Chinese ambassador says

China has called Canada’s arrest of Huawei chief financial officer Meng Wanzhou ‘politically motivated’

In limbo: Leftover embryos challenge clinics, couples

Some are outright abandoned by people who quit paying storage fees and other couples struggle with tough decisions

Netflix rejects request to remove Lac-Megantic images from ‘Bird Box’

At least two shows on Netflix’s Canadian platform briefly use actual footage of the 2013 tragedy

Teen vaping is an epidemic: US government

E-cigarettes are now the top high-risk substance used by teenagers, outpacing cigarettes, alcohol, marijuana

‘I never said there was no collusion,’ Trump lawyer says

President Donald Trump’s lawyer Rudy Giuliani says he has ‘never said there was no collusion’

Most Read