<<< back to article list

Alberta Real Estate Association Market Report - August


Blog by Kim Twohey | August 18th, 2016


ab_market_report_logo_680.jpg

Alberta home sales decline year-over-year in July

The Alberta Real Estate Association (AREA) compiles provincial MLS® sales data for dissemination to REALTORS® and other interested groups. The data that is provided represents statistics provided to AREA by way of the Canadian Real Estate Association (CREA). For more detailed statistical information for Boards/Associations or for individual areas, contact your local real estate Board/Association or your local REALTOR®.

The Alberta Real Estate Association (AREA) reports that a total of 5,151 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in July, down 16 per cent from the same month last year.

The average MLS® residential price increased 2.2 per cent from July 2015 to $403,665.

aug_ab_mr_1_554.jpg
aug_ab_mr_2_546.jpg

Four of Alberta's real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels:

Board

Year-Over-Year Change

Year-to-Date Change

Lethbridge Region

+8.3 per cent

+0.6 per cent

Edmonton Region

+2.6 per cent

-0.3 per cent

Lloydminster Region (AB Only)

+2.5 per cent

-4.8 per cent

Calgary Region

+2.0 per cent

+1.1 per cent

The remaining six Boards/Associations saw the monthly residential average price decrease to varying degrees from July 2015:

Board

Year-over-Year Change

Year-to-Date Change

Central Alberta

-2.4 per cent

-3.6 per cent

Medicine Hat Region

-3.3 per cent

-5.1 per cent

South Central Alberta

-4.0 per cent

-16.1 per cent

Grande Prairie Region

-6.2 per cent

-6.1 per cent

Fort McMurray Region

-8.4 per cent

-14.6 per cent

Alberta West

-13.5 per cent

-3.8 per cent

Note: The data above is national data and may not perfectly reflect the data reported by a Board/Association. The numbers represented are for the full Board/Association region, rather than city/town proper areas that may be reflected in a board's name. Click here for a general guideline of Board/Association boundaries.

The value of all home sales in the province totalled $2.08 billion for the month, falling 14.2 per cent from July 2015.
aug_ab_mr_3_561.jpgaug_ab_mr_4_499.jpg

New listings on the MLS® Systems of real estate boards in Alberta numbered 9,756 units in July, a decrease of 4.4 per cent from a year earlier, while active residential listings numbered 29,224 units at the end of July, up 9.8 per cent from one year earlier.

Click here for the full release, including a breakdown of information by area. For more detailed statistical information, contact your local real estate Board/Association or your local REALTOR®.