Best September on record for Central Alberta home sales
Red Deer, October 20, 2014 - Residential sales reported through the MLS® System of the Central Alberta REALTORS® Association remained at very strong levels in September 2014.
Home sales numbered 503 units in September, an increase of 12.3 per cent from the same month last year. This was the best September sales figure on record and the first time that sales in the month have ever topped the 500 mark.
Sales activity in all of Alberta rose 10.3 per cent from a year earlier in September 2014.
On a year-to-date basis, Central Alberta home sales were running 12.1 per cent ahead of the first nine months of 2013 and also stood at a record for the period.
New residential listings on the Association’s MLS® System numbered 709 units in September, up 4.7 per cent from year-ago levels.
There were 2,742 active residential listings on the Association’s MLS® System at the end of September, down 6.5 per cent from levels at the end of September 2013.
There were 5.5 months of inventory at the end of September 2014, down from 6.5 months reported at the end of September 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 September 2014 was $157.8 million, rising 22.2 per cent from a year earlier and a record for the month. The dollar value of home sales in all of Alberta was up 15.6 per cent from September 2013.
Sales of all types of properties totalled 524 units in September. This was up 11.5 per cent compared to September 2013. The total value of all property sales amounted to $166.1 million in September, up 19.2 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.carassociation.ca, www.REALTOR.ca (residential properties) and ICX.CA (commercial and investment properties).