Home sales across the Grande Prairie region saw an increase in March, while the number of new properties put on the market was down.
According to the latest statistics from the Alberta Real Estate Association, 123 properties were sold across the region, up 12.8 per cent compared to March 2024. However, the 157 new listings that went on the market over the 31 days were down 15.1 per cent from the same month last year.
Throughout the month the AREA report shows 19 semi-detached properties sold, a 111 per cent increase. Apartment sales saw a significant decline, down 36 per cent with seven properties sold. Detached parties were the most sold property in March with 90 sales, a six per cent increase.
The average price for a residential property in the Grande Prairie area saw a 17.7 per cent year-over-year increase at $386,629.
In the first three months of the year, the total number of residential property sales was up 14 per cent compared to the first three months of 2024; with an average price increase of 16 per cent to $372,068.
