Real estate sales slip

Residential real estate activity in Central Alberta tailed off in November, but still exceeded sales volumes for the same month in 2012.

Residential real estate activity in Central Alberta tailed off in November, but still exceeded sales volumes for the same month in 2012.

The Central Alberta Realtors Association reports that there were 131 Multiple Listing Service home sales in Red Deer last month. That was down 22 per cent from the 160 deals in October, but a four per cent improvement over November 2012, when 126 homes changed hands.

In the area covered by the association outside of Red Deer, there were 153 sales in November. That marked a 29 per cent decline from the 217 transactions the preceding month, but a three per cent increase over the 149 transactions a year ago.

With a month remaining in 2013, residential MLS sales were up to 1,758 in Red Deer. That was an eight per cent rise from 1,624 to the same point last year. In the surrounding area, cumulative sales to the end of November were 2,375, one more than for the January-to-November period in 2012.

The average resale price in Red Deer last month was $304,640, down from $320,527 in October and $313,558 in November 2012.

Outside the city, the November average was $284,877, up from $279,779 in October and $251,562 in November 2012.

The Central Alberta Realtors Association has cautioned that average prices include homes of various types and locations, and as such may not be indicative of market trends.

New residential listings in Red Deer numbered 162 last month, down from 202 in October but an increase from 124 last November. In the outlying area, there were 228 new listings in November, down from 300 in October but an improvement from 196 a year ago.

Just Posted

Sport of axe throwing growing in Red Deer

True North Axe Throwing wants sport to be ‘Canadian version of darts’

Optimism remains for Red Deer hospital expansion

Red Deer’s incoming UCP MLAs both have been strong supporters of expansion

RDC cancels championship-winning golf program due to tight finances

Short season, small number of student golfers were also considerations

Fire investigators comb through industrial fire wreckage looking for answers

Industrial building in north Red Deer was completely gutted in Wednesday morning fire

WATCH: An ‘Eggstemely Fun Easter’ at Bower Place in Red Deer

Bower Place mall made sure Red Deer families were able to have… Continue reading

Notre Dame rector: “Computer glitch” possible fire culprit

PARIS — A “computer glitch” may have been behind the fast-spreading fire… Continue reading

Former journalist pleads guilty to robbing two banks in Medicine Hat

MEDICINE HAT, Alta. — A former journalist arrested almost two years ago… Continue reading

Austria fears for three top climbers missing in Banff National Park

BERLIN — Austrian Chancellor Sebastian Kurz said Friday his thoughts are with… Continue reading

As Vancouver fights over 4-20, Seattle’s Hempfest enjoys tolerance, some support

VANCOUVER — They both came from humble beginnings: small protests against marijuana… Continue reading

All eyes on the surging Greens as Prince Edward Island goes to the polls

After a brief provincial election campaign devoid of drama, voters on Prince… Continue reading

North Dakota company where 4 were slain seeks normalcy

MANDAN, N.D. — Camaraderie was so important for the “coffee club” at… Continue reading

Trump blasts ex-advisers who say he tried to stop Mueller

WASHINGTON — A day after celebrating the release of the Mueller report… Continue reading

Sanders claims she didn’t lie, despite Mueller finding

WASHINGTON — President Donald Trump’s spokeswoman Sarah Sanders pushed back Friday against… Continue reading

Most Read