Grande Prairie home sales up year-over-year in DecemberThe number of homes sold through the MLS® System of the Grande Prairie & AreaAssociation of REALTORS® totaled 106 units in
December 2019 Residential Market update
Dated: February 13 2020
Grande Prairie home sales up year-over-year in December
The number of homes sold through the MLS® System of the Grande Prairie & Area
Association of REALTORS® totaled 106 units in December 2019. This was up 9.3% (nine
sales) from December 2018.
On an annual basis, home sales totalled 2,475 units over the course of 2019, down 9.6%
from the same period in 2018.
Residential sales activity in all of Alberta, by comparison, was up 7.6% in December 2019
compared to December 2018.
The average price of Grande Prairie homes sold in December 2019 was $312,077, up 8.4%
from December 2018.
The more comprehensive annual average price was $307,080; this was little changed,
edging just 0.7% higher compared to 2018.
The provincial average price for homes sold in December 2019 was $371,562, down a slight
0.4% from December 2018.
Note: The Association cautions that the average MLS® residential price is a useful figure
only for establishing trends and comparisons over a period of time. It does not indicate an
actual price for a home due to the wide selection of housing available in the area.
There were 181 new residential listings in December 2019, an increase of 17.5% on a year-
over-year basis. This was the largest number of new listings added in the month of
December on record.
Active residential listings numbered 1,395 units at the end of December, up 15.3% from the
end of December 2018. This was a record for active listings at the end of the year.
Months of inventory numbered 13.2 at the end of December 2019, up a bit from the 12.5
months recorded at the end of December 2018 and above the 10-year average of 10
months 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 December 2019 was $33 million, rising 18.4% from the
same month in 2018.
The dollar value of all home sales in Alberta, by comparison, was up 7.2% compared to
Sales of all property types numbered 113 units in December 2019, up 9.7% (10 sales) from
December 2018. The total value of all properties sold was $36.8 million, also up 9.7% from
December 2019 Residential dollar volume
volume Average price
Grande Prairie $33,080,155 $36,800,155 $312,077
Alberta $977,579,141 $1,094,735,919 $371,562
The Grande Prairie & Area Association of REALTORS® represents more than 240
REALTORS® located in Grande Prairie and across the Peace Region. All MLS® listings
processed by the Board can be found on the national public web site www.REALTOR.ca for
residential, commercial, and investment properties.
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Click here to watch the videoGrande Prairie home sales quiet down in November The number of homes sold through the MLS® System of the Grande Prairie & Area Association of REALTORS®
Click the link for a quick Market updatehttps://youtu.be/n6qydgqoYJENew Listings 230Total Sales 149Total monthly supply 4.76Average sale price $311kTotal listings 559Average days on market 46