Local housing market still strong

By Murray Green

The Camrose housing sales market is holding steady. Despite historic high inflation, rising Bank of Canada lending rates and continued issues with supply chains and labour shortages, the sale price for residential properties in the Camrose market remained relatively stable in 2022.

“Although the overall average sale price declined by -3.29 per cent year-overyear, the median sale price, which eliminates the highs and lows, actually increased by +1.72 per cent. In addition, there were a total of 385 reported sales in 2022, which is down slightly from the 406 reported in 2021, but significantly more than the 286 sales reported in 2020 and 293 sales reported in 2019 (pre-pandemic time period),” said Camrose manager Jacob Slabbert, of HarrisonBowker Valuation Group.

“Although the recent rise in lending rates has made it more difficult for first time home buyers to enter the market, these challenges thus far appear to have been off-set by a continued shortage of supply, the general affordability of the Camrose market compared to other larger urban centres and continued demand by home buyers who have the capital. Whether or not these trends will continue as we enter 2023 remains to be seen,” explained Slabbert.

The average sale price in 2022 quarter four (Q4) was up +1.35 per cent from last quarter, but down -8.70 per cent compared to the same time last year. The rolling 12-month average declined by -2.26 per cent.

The median sale price in 2022 Q4 is up +1.02 per cent from last quarter and up +2.23 per cent compared to the same time last year. The rolling 12-month median also increased marginally by +0.55 per cent.

There were 60 MLS reported residential sales in the City of Camrose in 2022 Q4, which is 25 less sales than the previous quarter, and 21 less sales reported in 2021 Q4.

There were a total of 10 MLS reported sales in the City of Camrose over $400,000 in 2022 Q4, which is four less than last quarter and six less than 2021 Q4.

The average days on market in 2022 Q4 was 81 days, which is up 34 days from last quarter, but six days less than 2021 Q4.

In Camrose County, there was a total of 70 MLS reported country residential and/or recreational property sales in 2022, which is 18 less sales than what was recorded in 2021, but 21 more sales than what was recorded in 2020. The average days on market in 2022 was 63 days, which is down 24 days from last year.

In Flagstaff County, there was a total of 25 MLS reported country residential and/or recreational property sales in 2022, which is eight more sales than what was recorded in 2021 and 12 more sales than what was recorded in 2020. The average days on market in 2022 was 132 days, which was down 14 days from last year.

The average rent for all bedroom types increased from $962/month to $982/ month, while the overall vacancy rate declined significantly from 6.7 per cent in 2020 to 1.6 per cent in 2021.

Central Agencies Realty Home of the Week

Country living on a budget

By Lori Larsen

This year could be the year you move out to an acreage and take advantage of quiet country living with this just over 10-acre parcel with home and lots of potential.

Located only 15 minutes north of Camrose, this homestead boasts a beautiful yard with plenty of trees, a fully fenced area where you could have a few animals, and is so close to all the amenities of Camrose.

The home has some wonderful upgrades including vinyl windows, updated furnace and a newer roof, and at this price, there is wiggle room for even more–maybe even an addition.

Large windows in the living room keep the home bright and airy and warm brown-tone laminate wood flooring leads from the living room through to the kitchen and eat-in dining area.

Two bedrooms and a four-piece bathroom on the main level will keep small children close, while older children could enjoy their own privacy in the two bedrooms downstairs.

The lower level has a good-sized family room, two additional bedrooms and a laundry area, where there is the potential for a bathroom.

The land alone is worth the price with room to spread out and enjoy your own property, perhaps with some horses or recreational vehicles.

A new well was done in 2017, a new cistern in 2019, and a new hot water tank in 2021.

Let 2023 be the year that you spread your wings on this acreage located at 48360 Range Road 204 Rural Camrose and priced at $299,900. For a private viewing, contact Matthew Mayer at:

Central Agencies Realty 4870-51 Street, Camrose 780-672-4495 or 780-781-7088 Cell

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Welcome to middle age…

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