Local home resale market still gaining momentum

Memories of the global economic downturn are probably becoming hazier for Central Alberta Realtors, as the local residential resale market continues to gain momentum.

Memories of the global economic downturn are probably becoming hazier for Central Alberta Realtors, as the local residential resale market continues to gain momentum.

The Central Alberta Realtors Association reports that 247 Red Deer homes were sold through the Multiple Listing Service last month, a 16 per cent increase over the 213 sales in April and an 18 per cent jump from the 210 deals recorded in May 2013.

In the area covered by the association outside Red Deer, the tally last month was 329. That marked an 11 per cent improvement from the April figure of 296, and a 15 per cent increase over the May 2013 total of 286.

Last month, the association said the April 2014 sales total for Central Alberta was the highest ever for an April, and the third highest monthly total ever.

The average selling price in Red Deer in May was $332,912, as compared with $349,201 in April and $334,912 a year ago. Outside the city, the average was $271,469 — down from $283,996 in April and $282,410 last May.

Average prices may not provide a good indication of market trends, because the types and locations of properties sold vary from period to period.

Five months into 2014, MLS records indicated that 849 homes had been sold in Red Deer and 1,158 in the surrounding region.

Those totals were up seven per cent and 17 per cent respectively from the January-to-May 2013 totals of 792 in the city and 988 outside.

There were 344 Red Deer residential listings processed through the MLS system last month, as compared with 301 in May 2013 and 307 in April 2014.

Outside the city, new listings last month totalled 640 — an increase from 627 a year ago and 576 this April.

Just Posted

Westerner Parade draws crowds

Red Deerians line downtown streets to enjoy annual Westerner Days kick-off

Red Deer filmmaking brothers win two Christian visual media awards

Unveil Studios, owned by Andrew, Daniel and Matthew Kooman, wins recognition

Trudeau poised to shuffle, retool cabinet with focus on Liberals’ team for 2019

OTTAWA — Justin Trudeau will shuffle his front benches Wednesday to install… Continue reading

Aecon Group joint venture wins Enbridge Line 3 replacement contract

TORONTO — Aecon Group Inc. says its joint venture with Robert B.… Continue reading

Trudeau shuffles familiar faces, adds new ones to expanded cabinet

OTTAWA — Prime Minister Justin Trudeau has unveiled his pre-election cabinet, shuffling… Continue reading

Canada’s premiers meet Indigenous groups, although three major groups decline

BOUCTOUCHE, N.B. — Canada’s premiers are meeting with Indigenous organizations in New… Continue reading

An updated list of federal cabinet ministers following Wednesday’s shuffle

OTTAWA — An updated list of federal cabinet ministers following Wednesday’s shuffle,… Continue reading

U.S. launches national security investigation against uranium imports

The U.S. Department of Commerce has launched another national security investigation that… Continue reading

Oilers sign first-round pick Evan Bouchard to entry-level contract

EDMONTON — The Edmonton Oilers have signed defenceman Evan Bouchard to a… Continue reading

Lab-grown meat could be in restaurants in 3 years

BERLIN — A Dutch company that presented the world’s first lab-grown beef… Continue reading

Duchess of Sussex wears dress by Calgary’s Nonie to Mandela exhibition

CALGARY — A fondness for Canadian fashion apparently hasn’t waned for Meghan,… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month