2019 Year End Review

Posted by Carson Nielsen on Thursday, January 16th, 2020 at 2:25pm.

What happened in December?

Again this month we are seeing are seeing a mixed bag of results in Central Alberta as far as Single Family Detached Homes are concerned, the listing Inventory decreased in Red Deer -4 %, Blackfalds -36.7%  and Innisfail -3.51% have all had a decrease  compared to December of 2018, Sylvan Lake and Lacombe have both had increases 5.94% and 23.94  Days on Market has decreased in Red Deer, Blackfalds, while Sylvan Lake Innisfail and Lacombe have all enjoyed a decrease in days on market.

 In Red Deer there has been an increase in sales of an astounding 45.45 %, Lacombe with 42.86% and Innisfail with an Increase from 1 sale to 6 for 500%....... Sylvan lake had a decline of 46 % Blackfalds 27.27%

We are now into the slowest time of the season and these numbers can be highly skewed because the limited amount of data due to small listing supply and lack of sales typically weather related. As  always, if you are seller we are in a highly competitive Market, it is in your best interest to bring on and Agent who knows and understands the market and its current trends  with the ability to maximize the return on your investment.

As this is end of year I am going to leave  you with total yearly new listings and sales for each city which I think will leave you pleasantly surprised

                                                                       New listings       Sales

Red Deer       2018                                       1938                    859

                       2019                                        1782                    871

Sylvan lake   2018                                        469                      196

                       2019                                        449                      181

Blackfalds     2018                                         452                      167

                       2019                                         322                      140

Lacombe       2018                                         338                      148

                       2019                                          364                      146

Innisfail         2018                                          205                      92

                       2019                                          192                      88

We are now into the slowest time of the season and these numbers can be highly skewed because the limited amount of data due to small listing supply and lack of sales typically weather related. As  always, if you are seller we are in a highly competitive Market, it is in your best interest to bring on and Agent who knows and understands the market and its current trends  with the ability to maximize the return on your investment.


If you would like a more in depth look at your community or any other information, please contact me anytime. For those of you that read these reports what information would you like to see more of?

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