Home sales up 14% in ’12

Three months into 2012, home sales in Central Alberta are up 14 per cent from the same quarter last year.

Three months into 2012, home sales in Central Alberta are up 14 per cent from the same quarter last year.

Multiple Listing Service statistics issued by the Central Alberta Realtors Association this week indicate that there were 875 residential sales from January to March, as compared with 764 for the same period last year. The city of Red Deer accounted for 374 MLS deals, up from 344; while the outlying area produced 501, as compared with 420.

During the month of March, there were 154 home sales in Red Deer and 207 elsewhere in the region. That marked a nine per cent increase from March 2011, when there were 150 sales in the city and 180 elsewhere, for a total of 330.

The average selling price in Red Deer last month was $281,762, a three per cent decline from the March 2011 figure of $291,409. Outside the city, the average price last month was $241,246, down slightly from the $241,368 average a year earlier.

Because average prices include homes of all types, they may not be representative of market trends because the mix of houses sold can vary from month to month.

The Central Alberta Realtors Association processed 787 residential listings in March, with 272 of these in Red Deer and 515 outside. That was down eight per cent from the 856 new listings last March, when there were 238 added in Red Deer and 618 for the surrounding region.

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