Alberta MLS sales, prices down so far this year

Total sales of 6,592 were off by 2.4% from the same two months in 2017. The average price dipped by 0.2% to $388,473

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Mario ToneguzziData from the Canadian Real Estate Association indicates that MLS sales and prices in the residential market in Alberta so far this year are down compared with a year ago.

For January and February, total sales of 6,592 in the province were off by 2.4 per cent from the same two months in 2017. Also, the average MLS sale price dipped by 0.2 per cent to $388,473.

Here’s the breakdown by region of MLS sales and their percentage change from last year:

Alberta West: -19.3 per cent;

Calgary: -6.3 per cent;

Central Alberta: +9.7 per cent;

Edmonton: +1.7 per cent;

Fort McMurray: +0.7 per cent;

Grande Prairie: +2.6 per cent;

Lethbridge: -0.7 per cent;

Lloydminster: -10.7 per cent;

Medicine Hat: -16.2 per cent;

South Central Alberta: -8.5 per cent.

The breakdown for each region of average sale prices and their percentage year-over-year change:

Alberta West: -6.9 per cent;

Calgary: +0.4 per cent;

Central Alberta: -4.7 per cent;

Edmonton: +0.4 per cent;

Fort McMurray: +4.5 per cent;

Grande Prairie: -2.4 per cent;

Lethbridge: +3.1 per cent;

Lloydminster: -7.5 per cent;

Medicine Hat: +14.7 per cent;

South Central Alberta: +19.4 per cent.

Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.

mls salesThe views, opinions and positions expressed by columnists and contributors are the author’s alone. They do not inherently or expressly reflect the views, opinions and/or positions of our publication.

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