Central Alberta Real Estate Market

Posted by Carson Nielsen on Friday, February 14th, 2020 at 3:26pm.

 

 

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 -7.53 %, Blackfalds -32.97%  and Innisfail -1.67% have all had a decrease  compared to December of 2018, Sylvan Lake and Lacombe have both had increases 6.48% and 13.43  Days on Market has decreased in Red Deer, Blackfalds  Sylvan Lake Innisfail only Lacombe has had an increase in days on market.

 In Red Deer there has remained steady with the same amount of sales vs this time last year, Lacombe with an increase of 27.27% along with Innisfail with 1 more sale than last year.  Sylvan lake had a went from 10 sales to 8 sales and Blackfalds from 13 to 12 so no big changes there.  

We are now into the slowest time of the year,  we are coming into the spring season where we will start to see more listing and sales as people prepare to move in the spring.  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.

                                                                       Active listings       Sales

Red Deer       2019                                       385                        49

                       2020                                        356                        49        

Sylvan lake   2019                                       108                         10

                       2020                                        101                          8

Blackfalds     2019                                       91                          33

                       2020                                        61                          22 

Lacombe       2019                                       89                         8

                       2020                                        77                          11

Innisfail         2019                                        53                          4

                       2020                                        60                         5     


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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