September home sales set record

The “R” word hasn’t been used much in real estate circles since the heady days preceding the 2008 recession. But it’s becoming tough to discuss Central Alberta’s residential resale market without talking about records.

The “R” word hasn’t been used much in real estate circles since the heady days preceding the 2008 recession. But it’s becoming tough to discuss Central Alberta’s residential resale market without talking about records.

The Central Alberta Realtors Assocition reported on Monday that it processed 503 home sales through the Multiple Lising Service last month — the highest September tally on the books and a healthy 12.3 per cent improvement on the number for the same period a year ago.

Three-quarters of the way through 2014, local Realtors have combined for a series of record or near-record sales months. Their tally to the end of September was up to 4,432 residential deals — the highest ever for a January-to-September period and 12.1 per cent ahead of 2013 to the same point,. and 3.5 per cent above the figure for 2007.

The average selling price of homes sold through the association last month was $313,792, up 8.9 per cent from September 2013. The year-to-date average price was $313,121, a 4.7 per cent improvement from a year ago.

New MLS residential listings in the region last month totalled 709, bringing the inventory of active listings to 2,742. That total is down 6.5 per cent from the listing count of a year ago, and represents enough homes to carry the market for just 5 1/2 months at the current rate of selling.

The association pointed out in its release that MLS sales have been strong across Alberta

Just Posted

With SCS approved in Red Deer’s Rail Lands, at least 2 businesses look to move

With the city moving ahead with a fenced-off supervised drug consumption site… Continue reading

Bringing music to Red Deer for 50 years

The Red Deer Community Band Society has been bringing music to the… Continue reading

Guards injured, money stolen, during overnight blast at Edmonton bank

EDMONTON — Two security guards have been injured in an explosion that… Continue reading

Pot stores on agenda at Toronto city council after two municipalities opt out

TORONTO — Councillors in Toronto are set to debate whether to allow… Continue reading

WATCH: CP Holiday Train rolls into Lacombe

Kelly Prescott performed for hundreds of Central Albertans

Barry Cooper: Separation has become a real possibility, thanks to Ottawa’s abuses

In the past couple of weeks, a retired senior oil executive, Gwyn… Continue reading

Sex assault trial for former gymnastics coach resumes in Sarnia

SARNIA, Ont. — The trial of a former high-ranking gymnastics coach accused… Continue reading

Victims of former ski coach Charest say they were ‘sacrificed’ by Alpine Canada

MONTREAL — A lawsuit filed Wednesday against Alpine Canada by three victims… Continue reading

Emily Blunt on the ‘daunting’ task of playing Mary Poppins

BEVERLY HILLS, Calif. — Emily Blunt loves a challenge, and in the… Continue reading

Tommy Chong says Canada’s weed legalization has kept ‘underground market alive’

TORONTO — Tommy Chong has a pass, man. While some Canadians who… Continue reading

Apple deepens Austin ties, expands operations east and west

AUSTIN, Texas — Apple will build a $1 billion campus in Austin,… Continue reading

Trump comments upend U.S. approach to Huawei, trade talks

WASHINGTON — The United States and China have taken pains this week… Continue reading

WATCH: CP Holiday Train rolls into Lacombe

Kelly Prescott performed for hundreds of Central Albertans

Most Read