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Central Alberta house sales ahead of last year’s pace

Busy spring sales season was hit hard by pandemic but buyers have been coming out since
The average sale price of a Red Deer home was $327,403 last month, compared with $300,547 last year, $307,587 in 2018 and $322,908 in 2017. (THE CANADIAN PRESS Jonathan Hayward)

The steady bounce back of central Alberta’s real estate market continues.

The 3,657 homes sold in the region to the end of October surpassed the 2019 numbers for the first time since January.

Over the first 10 months of 2019, there were 3,645 sales. Over the same period in 2018, the number was 3,883 and 3,887 in 2017, according to Multiple Listing Service statistics provided by the Central Alberta Realtors Association.

Monthly numbers also showed some improvement over last year at a time of year when sales typically start to decline.

In October, 412 home sales were recorded, compared with 349 in October 2019. It was the best October in at least four years.

In 2018, 328 sales were made in October and 368 in 2017.

In Red Deer, sales have fallen a little short of last year, with 1,056 to the end of October. Last year, there were 1,134 sales over the same period, 1,194 in 2018 and 1,221 in 2017.

October sales were the best for that month in three years. There were 116 sales last month, compared with 101 in 2019, 107 in 2018 and 136 in 2017.

The average sale price was also heading in the right direction, for sellers anyway.

Last month, the average sale price was $327,403, compared with $300,547 last year, $307,587 in 2018 and $322,908 in 2017.

Paul Cowley

About the Author: Paul Cowley

Paul grew up in Brampton, Ont. and began his journalism career in 1990 at the Alaska Highway News in Fort. St. John, B.C.
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