Tracking Blackfalds, Alberta’s home prices since the oil price dropped.

blackfalds_strong_real_estate

Tracking average price on single family detached homes in Blackfalds since oil dropped (black line) for shows no noticeable increase. There are monthly spikes, but in a small market, that can happen with only a couple high range homes selling.

blake-king-realtorMore important though is that prices haven’t dropped since June 2014 either (red line). Blackfalds is a strong residential real estate market.

Click here to view the full main chart above

MLS inventory levels are also improving in Blackfalds. 83 single family detached homes on market, 15.33 selling per month = 5.4 month inventory only. Buyers are picking up already, sales in BF are higher than they have been over the last 14 months. That coupled with a low number of single family detached homes on the market could force a positive trend.

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About the Author

Blake King
Having lived in Red Deer my entire life and having experience in many avenues of real estate I offer enormous value to my clients.