Second best June on record for Central Alberta home sales
Red Deer, July 18, 2014 – Residential sales reported through the MLS® System of the Central Alberta REALTORS® Association remained a very strong levels in June 2014.
Home sales numbered 598 units in June, an increase of 14 per cent from the same month last year. This was the second best June on record and the fourth highest level of any month in history.
Sales activity in all of Alberta rose 14 per cent from a year earlier in June 2014.
On a year-to-date basis Central Alberta home sales were running 13 per cent ahead of the same period in 2013, marking the best first half of any year since 2007 and the second best ever.
New residential listings on the Association’s MLS® System numbered 1,018 units in June, up five per cent from year-ago levels. This was the highest number of new listings on record for June.
There were 3,088 active residential listings on the Association’s MLS® System at the end of June, down five per cent from levels at the end of June 2013.
There were 5.2 months of inventory at the end of June 2014, down from 6.2 months reported at the end of June 2013 and below the long-run average for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in June 2014 was $194.8 million, rising 21 per cent from a year earlier to the second highest level of any month on record. The dollar value of home sales in all of Alberta was also up 21 per cent from June 2013.
Sales of all types of properties totalled 633 units in June. This was up 16 per cent compared to June 2013. The total value of all property sales amounted to $216.8 million in June, up 28 per cent from a year earlier.
The Central Alberta REALTORS® Association is an MLS® listing co-operative, representing more than 560 REALTORS® located in Red Deer and throughout Central Alberta. Details and photos of all Central Alberta REALTORS® Association listings can be found on the national public web sites www.cara.ca, www.REALTOR.ca (residential properties) and ICX.CA (commercial and investment properties).
Contacts: Dawn Parent, President 403-391-3296
Judy Ferguson, Executive Officer 403-343-0881
Residential housing activity via the MLS® System of the Central Alberta REALTORS® Association
June 2014
|
Seasonally Adjusted1 |
Percentage change compared to |
||||||
|
1 month ago |
2 months ago |
3 months ago |
4 months ago |
5 months ago |
6 months ago |
||
|
May 2014 |
April 2014 |
March 2014 |
February 2014 |
January 2014 |
December 2013 |
||
|
Sales Activity |
463 |
-7.2 |
-4.9 |
3.3 |
24.1 |
19.3 |
37.4 |
|
Average Price |
$316,039 |
5.9 |
2.2 |
3.5 |
1.8 |
0.2 |
6.5 |
|
Dollar Volume* |
$145.0 |
-4.6 |
-3.9 |
4.9 |
22.9 |
18.3 |
41.1 |
|
New Listings |
814 |
-6.0 |
0.0 |
1.1 |
21.7 |
18.5 |
39.6 |
|
Active Listings |
2,646 |
-0.4 |
3.3 |
6.1 |
7.5 |
8.7 |
2.1 |
|
Actual2 |
Percentage change compared to |
||||||
|
1 year ago |
2 years ago |
3 years ago |
5 years ago |
7 years ago |
10 years ago |
||
|
June 2013 |
June 2012 |
June 2011 |
June 2009 |
June 2007 |
June 2004 |
||
|
Sales Activity |
598 |
13.9 |
34.4 |
56.1 |
30.0 |
6.8 |
65.7 |
|
Average Price |
$325,701 |
6.1 |
18.6 |
18.3 |
20.4 |
9.7 |
116.6 |
|
Dollar Volume* |
$194.8 |
20.8 |
59.4 |
84.7 |
56.5 |
17.2 |
258.7 |
|
New Listings |
1,018 |
5.2 |
14.5 |
9.1 |
17.6 |
19.9 |
96.5 |
|
Active Listings |
3,088 |
-5.3 |
-1.1 |
-5.7 |
14.9 |
119.8 |
151.5 |
|
Year-to-date3 |
Percentage change compared to |
||||||
|
1 year ago |
2 years ago |
3 years ago |
5 years ago |
7 years ago |
10 years ago |
||
|
June 2013 YTD |
June 2012 YTD |
June 2011 YTD |
June 2009 YTD |
June 2007 YTD |
June 2004 YTD |
||
|
Sales Activity |
2,836 |
12.9 |
27.5 |
52.3 |
49.4 |
-6.0 |
63.2 |
|
Average Price |
$312,103 |
4.9 |
13.5 |
19.1 |
17.5 |
16.7 |
107.6 |
|
Dollar Volume* |
$885.1 |
18.4 |
44.7 |
81.4 |
75.6 |
9.8 |
238.7 |
|
New Listings |
5,504 |
2.6 |
14.0 |
11.7 |
14.6 |
27.4 |
90.6 |
|
Active Listings† |
2,513 |
-8.0 |
-5.5 |
-11.3 |
4.9 |
152.7 |
110.1 |
|
Market Balance4 |
Compared to |
||||||
|
1 month ago |
3 months ago |
6 months ago |
1 year ago |
2 years ago |
5 years ago |
||
|
May 2014 |
March 2014 |
December 2013 |
June 2013 |
June 2012 |
June 2009 |
||
|
Sales to New Listings Ratio |
56.9 |
57.6 |
55.7 |
57.8 |
55.8 |
52.8 |
54.4 |
|
Months of Inventory |
5.7 |
5.3 |
5.6 |
7.7 |
6.2 |
7.4 |
7.0 |
1 Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
2 Actual data as processed through the MLS® System of the Central Alberta REALTORS® Association.
3 Sum of actual data from January to present month of any given year.
4 Seasonally adjusted; Sales to New Listings Ratio=Sales/New Listings*100; Months of Inventory=Active Listings at the end of the month/Sales for the month.
* In millions of dollars.
† The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.