Red Deer Home Sales & Listing Comparison keeps you on top of the Red Deer real estate market and how sales compare to the number of listings each week. If there’s a deficit or a surplus trend the market is changing. Check-in at www.iOnRealEstate.ca each week for updated Red Deer real estate news, stats, and information.
SUMMARY
Strangely enough there’s another little inventory deficit end of January with more homes exiting the market than entering it. Sale were high in January with 17% more homes sold in January 2022 than January 2021. The interesting part of that is, January 2021 outperformed 2019 by 39%. Sales are still very high and new listings are low.
Know your market
If you’re planning to buy or sell residential real estate now or in the future, it’s important to know as much about your local market as possible. That’s why each week at iOnRealEstate.ca we post the Red Deer Real Estate market report comparing sales to listings. It’s important to compare home sales to home listings to help understand the market and inventory levels.
Your market is local
Before planning a real estate transaction in Red Deer it’s important to understand that your real estate market is local. Keep in mind, when someone references the “Canadian real estate market” or even the “Alberta real estate market” it doesn’t necessarily apply to your local market. Too many real estate decisions are based on national real estate information but national stats need to be taken lightly because it has almost no relevance to your local market.
Red Deer Home Sales & Listing Comparison report for the week, Jan 24th – Jan 30th, 2022
Click here for last weeks results <<
Red Deer Home Sales & Listing Comparison
Number of single-family detached homes sold: 25
Number of single-family detached homes listed: 24
The average price of single-family detached homes sold: $375,492
Number of other properties (condo, apart, duplex, town-home) sold: 9
Number of other properties (condo, apart, duplex, town-home) listed: 15
Number of condominiums sold: 4
Number of condominiums listed: 11
The average price of condominiums sold: $162,125
Properties sold price breakdown
| Number of residential units sold between | 0-200k | 3 |
| Number of residential units sold between | 201-300k | 12 |
| Number of residential units sold between | 301-400k | 9 |
| Number of residential units sold between | 401-500k | 8 |
| Number of residential units sold between | 501-750k | 2 |
| Number of residential units sold above | 751k | 0 |
Total entered the market
Listings: 39
Total off the market
Expired & canceled: 8
Listings sold: 34
Margin
39 (entered market) – 42 (off-market) = -3
Click here for last weeks results
View the monthly inventory stats now at http://www.iOnRealEstate.ca.
For more local real estate news, info and statistics continually check in at www.iOnRealEstate.ca.
Hosted by Blake King Realtor® and Big Earth Realty. Blake continually monitors the Red Deer and Central Alberta real estate market to track changes and watch trends so he can help his clients make the most informed decisions about buying or selling their homes. If you want to learn more about how local market stats affect your buying selling decision call or email Blake anytime (403) 350-7672 or hello@blakeking.ca
