Alberta Real Estate Statistics for December 2016
According to the Alberta Real Estate Association, December 2016 MLS® Market Real Estate Statistics are in with a total of 2616 Alberta residential unit sales, rising by 3.2% from the same month last year. The average MLS® price in Alberta was $395,694 with Edmonton at $351,484, down 2% from last year at this time.
Only the Calgary Real Estate Board saw an increase in monthly residential average prices from a year ago, while the other nine Alberta Real Estate Boards saw decreases.
Alberta Real Estate Association Outlook for 2017
According to AREA, residential sales in Alberta are excpected to deline by roughly 2.38% in 2017. This is based on two factors - the price depriciation and the price elasticity of sales over the last 20 years.For more information on Alberta's Rea Estate prices visit http://area.informz.ca/AREA/data/images/2016-Dec.pdf