To give a broad representation and probably a better idea of which direction prices are trending I’ve decided to post Central Alberta’s running price average. I’ll post the last 12 month’s averages and then compile and post the running average (below).
Posting and looking at the average real estate sale prices in Central Alberta each month we can see the direction the market is heading. The last posting was Oct 2017 and the running average then was $308,671.
Using stats from the last 12 months prior to today’s date (April 23, 2018), the current average sale price is $303,436. Looking at the 12 month running average prices on a whole have decreased 1.7%. You’ll notice the chart above shows prices appear to have down gone substantially the last few months and if we run the average over only 4 months sales have dropped 6.5% (308,723 down to 288,779).
I will post this each month to chart which direction our market’s heading.
Check back each month to see how your market trends. Know your market!
If you’d like average pricing using a specific location please email Blake King at hello@BlakeKing.ca anytime or call (403) 350-7672.