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.
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 |
|
+8.3 per cent |
+0.6 per cent |
|
|
+2.6 per cent |
-0.3 per cent |
|
|
Lloydminster Region (AB Only) |
+2.5 per cent |
-4.8 per cent |
|
+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 |
|
-2.4 per cent |
-3.6 per cent |
|
|
-3.3 per cent |
-5.1 per cent |
|
|
South Central Alberta |
-4.0 per cent |
-16.1 per cent |
|
-6.2 per cent |
-6.1 per cent |
|
|
-8.4 per cent |
-14.6 per cent |
|
|
-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.
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®.