Central Alberta home sales post average month of September
Red Deer, October 19, 2015 – Residential sales reported through the MLS® System of the Central Alberta REALTORS® Association numbered 411 units in September 2015. While this was a decline of 18.3 per cent from a record for the month last year, sales in September 2015 came in above the five-year average for the month, in line with the 10-year average, and also marked the third best level ever for the month.
Sales activity in all of Alberta fell 23.7 per cent from September 2014.
New residential listings on the Association’s MLS® System numbered 829 units in September, up 16.9 per cent from levels in September 2014. This was a record for the month of September.
There were 2,946 active residential listings on the Association’s MLS® System at the end of September, up 7.4 per cent from levels at the end of September 2014.
There were 7.2 months of inventory at the end of September 2015, up from 5.5 months reported attheendofSeptember2014andonparwiththelong-runaverageforthistimeofyear. 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 September 2015 was $123.1 million, falling 22 per cent from the record September in 2014. This was still the third best dollar volume for the month of September. The dollar value of home sales in all of Alberta declined 27.1 per cent from September 2014.
Sales of all types of properties totaled 431 units in September. This was down 17.7 per cent compared to September 2014. The total value of all property sales amounted to $136 million in September, down 18.1 per cent on a year-over-year basis.
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: Lorna Moore, President 403-391-3296
Judy Ferguson, Executive Officer 403-343-0881
Residential housing activity via the MLS® System of the Central Alberta REALTORS® Association
September 2015
|
Seasonally Adjusted1 |
Percentage change compared to |
||||||
|
1 month ago |
2 months ago |
3 months ago |
4 months ago |
5 months ago |
6 months ago |
||
|
August 2015 |
July 2015 |
June 2015 |
May 2015 |
April 2015 |
March 2015 |
||
|
Sales Activity Average Price |
382 $305,789 |
-2.0 -3.0 |
-4.4 -3.1 |
-3.5 -3.4 |
-4.7 -5.2 |
1.7 -2.6 |
6.2 -2.6 |
|
Dollar Volume* |
$119.0 |
-3.1 |
-4.1 |
-6.8 |
-8.4 |
0.5 |
1.8 |
|
New Listings |
828 |
0.7 |
10.4 |
18.4 |
18.3 |
7.4 |
7.4 |
|
Active Listings |
2,637 |
3.5 |
7.5 |
6.2 |
5.3 |
1.7 |
-2.7 |
|
Actual2 |
Percentage change compared to |
||||||
|
1 year ago |
2 years ago |
3 years ago |
5 years ago |
7 years ago |
10 years ago |
||
|
September 2014 |
September 2013 |
September 2012 |
September 2010 |
September 2008 |
September 2005 |
||
|
Sales Activity Average Price |
411 $299,566 |
-18.3 -4.5 |
-8.3 3.9 |
12.6 4.7 |
48.9 17.4 |
3.5 7.0 |
4.3 88.4 |
|
Dollar Volume* |
$123.1 |
-22.0 |
-4.6 |
17.9 |
74.8 |
10.7 |
96.6 |
|
New Listings |
829 |
16.9 |
22.5 |
22.1 |
23.0 |
7.5 |
96.0 |
|
Active Listings |
2,946 |
7.4 |
0.4 |
-7.1 |
-4.0 |
23.0 |
241.8 |
|
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 |
||
|
September 2014 YTD |
September 2013 YTD |
September 2012 YTD |
September 2010 YTD |
September 2008 YTD |
September 2005 YTD |
||
|
Sales Activity Average Price |
3,682 $317,490 |
-16.9 1.4 |
-6.8 6.2 |
6.4 13.5 |
49.1 17.2 |
1.7 13.7 |
17.0 98.4 |
|
Dollar Volume* |
$1,169.0 |
-15.8 |
-1.1 |
20.7 |
74.7 |
15.7 |
132.0 |
|
New Listings |
7,929 |
-0.4 |
2.5 |
14.0 |
5.3 |
-1.1 |
89.1 |
|
Active Listings† |
2,675 |
0.6 |
-6.6 |
-6.0 |
-9.5 |
6.1 |
156.9 |
|
Market Balance4 |
Compared to |
||||||
|
1 month ago |
3 months ago |
6 months ago |
1 year ago |
2 years ago |
5 years ago |
||
|
August 2015 |
June 2015 |
March 2015 |
September 2014 |
September 2013 |
September 2010 |
||
|
Sales to New Listings Ratio |
46.2 |
47.4 |
56.7 |
46.7 |
63.7 |
55.0 |
35.0 |
|
Months of Inventory |
6.9 |
6.5 |
6.3 |
7.5 |
5.4 |
6.2 |
11.7 |
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.