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
November 2019 Market update - Grande Prairie & area residential real estate
Dated: December 18 2019
Grande Prairie home sales quiet down in November
The number of homes sold through the MLS® System of the Grande Prairie & Area Association of REALTORS® totaled 147 units in November 2019. This was a decrease of 16% from November 2018.
On a year-to-date basis, home sales totalled 2,364 units over the first 11 months of the year, down 10.5% from the same period in 2018.
Residential sales activity in all of Alberta, by comparison, edged down 3.3% in November 2019 compared to November 2018.
The average price of Grande Prairie homes sold in November 2019 was $320,688, up 4.3% from November 2018.
The more comprehensive year-to-date average price was $306,776, edging 0.4% higher compared to the first 11 months of 2018.
The provincial average price for homes sold in November 2019 was $370,440, edging down 1.2% from November 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 269 new residential listings in November 2019, a 30.6% jump on a year-over-year basis and a 12-year high for the month.
Active residential listings numbered 1,640 units at the end of November. This was an increase of 15.6% from the end of November 2018 and was the highest level on record for this time of the year.
Months of inventory numbered 11.2 at the end of November 2019, up from the 8.1 months recorded at the end of November 2018 and above the 10-year average of 7.9 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 November 2019 was $47 million, decreasing by 12.4% from the same month in 2018.
The dollar value of all home sales in Alberta, by comparison, fell 4.5% compared to November 2018.
Sales of all property types numbered 159 units in November 2019, a decrease of 14.1% from November 2018. The total value of all properties sold was $50.7 million, down 10.4% from November 2018.
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.
My mission is simple; I want to make you say 'WOW, that was easy!' I want to make life simple for those in the midst of a real estate transaction. My mandate is to provide the Grande Prairie & area m....
Latest Blog Posts
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