The Grande Prairie real estate market saw some significant year-over-year decreases in February, according to the latest report from the Alberta Real Estate Association.
In February there were 75 sales made in the region, down 48 per cent compared to sales in February 2022. New listings were down 33 per cent, with 126 new properties hitting the market. The average sale price in February was $309,240, seeing a one per cent year over year decrease.
Overall sales in the first two months of 2023 for the region were down 35 per cent, compared to the same period in 2023. 283 new properties hit the market this year, a 12 per cent decline from 2022. The average sales price in Grande Prairie is seeing a consistent one per cent decrease at $309,691.
Provincially sales in February were down 44 per cent compared to 2022, with the average sales price of $427,694 for the month down 11 per cent. The first two months of 2023 saw a four per cent year over-year decrease in sales, with the average price of $424,254 down nine per cent from 2022.
