House sales drop in northwestern B.C. (THE CANADIAN PRESS Jonathan Hayward)

House sales drop in northwestern B.C. (THE CANADIAN PRESS Jonathan Hayward)

Central Alberta’s housing market hot in 2021

January sales the best in at least five years

Central Alberta house sales got off to a running start in 2021, soaring 54 per cent in the region — by far the best January in at least five years.

There were 333 homes sold across the region last month, up from 216 a year ago, according to statistics from the Central Alberta Realtors Association. The next best January in the five years of statistics posted on the association’s website was 241 homes in 2018.

In Red Deer, home-buying enthusiasm was just as high with 100 houses sold — up 45 per cent from the 69 sold in January 2020. The next best year beyond the past five was 2017 when 88 homes were sold.

Red Deer County’s 62 sales was double the 31 from a year ago. The fast start is good news for a real estate industry that has weathered a years of highs and lows. As the pandemic took hold in March, sales in what is normally the busiest season for realtors plummeted. Sales from April through August were well below the 2020 pace — a year that was weak to begin with.

Markets began to turn around in September and in the last three months of the year were ahead of 2020. The regional statistics also provide other sources of good news for sellers. The average sale price in January was $321,145, compared with $300,665 a year ago. While realtors always caution average sale price figures can be easily swayed by a handful of sales of higher-priced homes, the face sales prices were higher than 2020 through the last six months of 2020 appears to show the market is heading in the right direction.

For those trying to sell their homes, the average number of days to sell was 97 last month, the first time in three years it has been below 100 days.

Red Deer’s market reflects similar trends. The average sale price last month was $328,081, compared with $321,154 in January 2020. The average number of days to sell is 71, down from 84 a year earlier.

In some of the smaller markets, the turnaround is even more pronounced. In Sylvan Lake, 29 homes were sold last month, nearly triple the 10 sold in January 2020. Blackfalds sales increased to 18 homes, from 14 and in Ponoka seven homes sold, compared with two a year ago. Stettler had six sales, compared with three in 2020.

In Lacombe, there were 12 sales, compared with 15 last year. However, the early-year market has been very stable with sales ranging from 11 to 13 for the previous three years. Innisfail January sales held steady at five for the last two years.

Rocky Mountain House was also down, with three sales compared with six in January 2020.



pcowley@reddeeradvocate.com

Like us on Facebook and follow us on Twitter

Just Posted

The Government of Alberta identified 115 new COVID-19 cases Sunday, bringing the provincial total to 3,089.
(Black Press file photo)
Red Deer COVID cases continue to fall

114 cases in Red Deer, down one from Saturday

Maskwacis Pride crosswalk (Left to right): Montana First Nation Councillor Reggie Rabbit, Samson Cree Nation Councillor Louise Omeasoo, Samson Cree Nation Councillor Katherine Swampy, Samson Cree Nation Councillor Shannon Buffalo, Samson Cree Nation Chief Vern Saddleback.
Pride in Maskwacis

The 4th inaugural Maskwacis Pride crosswalk painting took place on Saturday 12, 2020.

file photo
Entertainment in the Park 2021 line-up announced

The annual summer concert series lineup is set for West Stettler Park

Pictured here are several ‘utility pedestal wraps’ around town which are just one of the projects on the go by Stettler’s Heartland Beautification Committee.
photo submitted
Keep up the good work, Stettler! Walk ‘n’ Roll Challenge gains momentum

Meanwhile, the Heartland Beautificaiton Committee continues to work to ‘better’ the community

Alberta Premier Jason Kenney arrives at the 2021 budget in Edmonton on Thursday, Feb. 25, 2021.THE CANADIAN PRESS/Jason Franson
Alberta launches COVID vaccine lottery with million-dollar prizes to encourage uptake

The premier says the lottery will offer three prizes worth $1 million a piece, as well as other prizes

People watch a car burn during a riot following game 7 of the NHL Stanley Cup final in downtown Vancouver, B.C., in this June 15, 2011 photo. THE CANADIAN PRESS/Geoff Howe
10 years ago: Where were you during the 2011 Vancouver Stanley Cup Riots?

Smashed-in storefronts, looting, garbage can fires and overturned cars some of the damage remembered today

Children’s shoes and flowers are shown after being placed outside the Ontario legislature in Toronto on Monday, May 31, 2021. THE CANADIAN PRESS/Frank Gunn
Ontario commits $10 million to investigate burial sites at residential schools

Truth and Reconciliation Commission identified 12 locations of unmarked burial sites in Ontario

Two hundred and fifteen lights are placed on the lawn outside the Residential School in Kamloops, B.C., Saturday, June, 13, 2021. The remains of 215 children were discovered buried near the former Kamloops Indian Residential School earlier this month. THE CANADIAN PRESS/Jonathan Hayward
Days after Kamloops remains discovery, Tk’emlups families gather to unite, move ahead

‘We have to work together because this is going to be setting a precedent for the rest of the country’

In this Saturday, May 29, 2021, file photo, people crowd the Santa Monica Pier in Santa Monica, Calif. California, the first state in America to put in place a coronavirus lockdown, is now turning a page on the pandemic. Most of California’s coronavirus restrictions will disappear Tuesday, June 15, 2021. (AP Photo/Damian Dovarganes, File)
With COVID tamed, it’s a ‘grand reopening’ in California

No more state rules on social distancing, no more limits on capacity, no more mandatory masks

Montreal Canadiens goaltender Carey Price (31) is scored on by Vegas Golden Knights defenseman Alec Martinez, not pictured, during the second period in Game 1 of an NHL hockey Stanley Cup semifinal playoff series Monday, June 14, 2021, in Las Vegas. (AP Photo/John Locher)
Habs fall 4-1 to Vegas Golden Knights in Game 1 of NHL semifinal series

Match was Montreal’s first game outside of Canada in 2021

The Kamloops Indian Residential School is photographed using a drone in Kamloops, B.C., Monday, June, 14, 2021. The remains of 215 children were discovered buried near the former school earlier this month. THE CANADIAN PRESS/Jonathan Hayward
Communities grapple with what to do with former residential and day schools

Some tear them down as a tool to help healing, others repurpose them as tools for moving forward

RCMP Const. Shelby Patton is shown in this undated handout photo. RCMP say that Patton was hit by an allegedly stolen truck that he had pulled over on Saturday morning in Wolseley, east of Regina. THE CANADIAN PRESS/HO, RCMP
Pair charged in Saskatchewan Mountie’s death make first court appearance

Const. Shelby Patton was hit by an allegedly stolen truck that he had pulled over Saturday morning

David and Collet Stephan leave for a break during an appeal hearing in Calgary on Thursday, March 9, 2017. THE CANADIAN PRESS/Todd Korol
Appeal Court rejects stay for Alberta couple facing third trial in son’s death

Pair accused in their earlier trials of not seeking medical attention for their son sooner

Calgary Stampeders’ Jerome Messam leaps over a tackle during second half CFL western semifinal football action in Calgary, Sunday, Nov. 15, 2015.THE CANADIAN PRESS/Jeff McIntosh
CFL football will be played this summer in Canada

Governors vote unanimously in favour to start the ‘21 campaign on Aug. 5

Most Read