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Homes Sales Continuing to See Major Growth

Fort McMurray, AB, Canada / MIX 103.7
Homes Sales Continuing to See Major Growth

Fort McMurray’s housing market is continuing to see growth month after month.

According to Fort McMurray Realtors April report, for the second straight month, single-family homes nearly doubled in sales year over year.

Forty-six homes were sold averaging around $632,293, up from $591,942 in 2016. Last month, 45 single-family homes were sold but at an average of $575,000.

This is the second-time prices were over $600,000 in 2017. Last year, these homes sold on average for more than $710,000.

Current listings are slightly down but the number of nearly listed jumped from 95 to 130.

Meanwhile, townhouses, apartment condominiums, and duplexes either saw the same or a decrease in the number of sales compared to this time last year.

Mobile homes and single-family vacant lot also saw increases in sales.

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