Brooks Real Estate Update September 30th, 2015

The Realtors Association of Alberta has seen less Real Estate activity with a drop in the number of overall sales from 440 sales for the first nine months in 2014 to 323 for the first nine months in 2015. This includes Drumheller, Hanna, County of Newell and areas covered by board members. Real estate has slowed in response to the low oil prices and a downturn in Alberta oil and gas industry. The average sale for a pre-owned single family home average 257,000 which is a 6.3% drop in average sale price for 2014.