Weekly Market Update - December 3, 2017

 

Lisa Bancesco is a dedicated Realtor® who closely monitors the Grande Prairie and Area market to track changes and watch trends so that she can help her clients make informed decisions when buying or selling their home.  If you want to learn more about how local market statistics can affect your buying and selling decisions, call Lisa anytime on 780-882-3000 or email at lisa.bancesco@century21.com for expert advice!

 

The chart below illustrates the average prices as well as number of houses sold per year since 2007. As you can see we had peaks in both 2007 then again in 2014, after which we saw the market rapidly decline. Lowest points occurred in 2010 and 2016. Following 2010 the market improved steadily over the next 4 years before it began to decline again. If history is anything to go by, hopefully we can expect the GP housing market to steadily improve for the next 3-4 years.

Sources:

Grande Prairie & Area Association of Realtors

City of Grande Prairie Economic Development

Canadian Association of Oilwell Drilling Contractors

Lisa Bancesco

Lisa Bancesco

CENTURY 21 Grande Prairie Realty Inc.
Contact Me