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Alberta Real Estate Association Market Report - September

Blog by Kim Twohey | September 20th, 2016


Alberta home sales edge down year-over-year in August
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 4,927 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in August, down 4 per cent from the same month last year. This was the smallest year-over-year decline since December 2014.

The average MLS® residential price edged up 0.5 per cent from August 2015 to $390,615.

Three of Alberta's real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels, while the Edmonton region average price was unchanged:

Board Year-Over-Year Change Year-to-Date Change
Alberta West +16.8 per cent -0.9 per cent
Lloydminster Region (AB Only) +2.5 per cent -4.1 per cent
Calgary Region +1.4 per cent +1.2 per cent
Edmonton Region 0.0 per cent -0.2 per cent

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

Board Year-over-Year Change Year-to-Date Change
Lethbridge Region -2.1 per cent +0.3 per cent
Grande Prairie Region -4.8 per cent -6.0 per cent
Central Alberta -6.4 per cent -4.0 per cent
Fort McMurray Region -7.0 per cent -13.3 per cent
Medicine Hat Region -7.1 per cent -5.4 per cent
South Central Alberta -11.7 per cent -15.4 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 $1.92 billion for the month, falling 3.5 per cent from August 2015.


New listings on the MLS® Systems of real estate boards in Alberta numbered 9,433 units in August, an increase of 0.9 per cent from a year earlier, while active residential listings numbered 28,959 units at the end of August, up 9.2 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®.