Prices were up in 2023 and that makes it a good time to take a look at the 5 highest-priced homes sold this past year.
Home prices have increased in Red Deer over the last 2 years and they remain sturdy with our current low inventory levels. Even with the higher interest rates, homes are selling well, and below is a look at Red Deer’s highest-priced homes sold in 2023.
Homes-for-sale inventory is low in Red Deer because fewer homeowners are selling if they still have time left in their current, lower-interest mortgage. In addition to that, we’re seeing high migration and that’s causing a low rental vacancy rate that also puts pressure on home prices in Red Deer.
High interest rates have some impact on higher-end homes but they are still selling. Scroll down to see the highest-priced homes sold in Red Deer in 2023, so far.
The lowest price from the 5 highest priced homes sold so far in 2023 was $1,100,000 and the highest was $1,650,000.
There are currently 5 homes for sale in Red Deer priced higher than $1,000,000 and 3 homes for sale priced higher than $1,400,000.
In 2023 seven homes sold for a price higher than $1,000,000 and the same number sold in 2022.
The highest-priced home sold in Red Deer in 2022 was $1,425,500 and in 2023 the highest home sale so far is $1,650,000.
Have a look at the 5 highest-priced homes sold in Red Deer this year and click each image to see pictures of each home.
Located in the Westlake subdivision in Red Deer, 6273 Cronquist Drive is on a street with many beautiful homes.
16 Payne Close is in one of the nicest areas of Red Deer and probably the least known.
141 Emerald Drive is a newly built home sold in one of Red Deer’s newest subdivisions, Evergreen.
Larratt Close is in Laredo, on the far east side of Red Deer almost on the edge of the city.
3736 44 Avenue sold after 7 months on the market at a 17% discount from its original list price. Located in Mountview, one of Red Deer’s most loved subdivisions because of the mature surroundings, proximity to amenities, and large lots.
The smart choice when buying or selling in Red Deer and Central Alberta
If you’d like more information about a home recently sold near you or in a neighborhood you plan to purchase in, call Blake King with Big Earth Realty anytime at (403) 350-7672.
If you’re planning to sell your home in Red Deer or Central Alberta let Blake King, Realtor® show you how he can help you sell your home at its best price while saving you thousands of dollars.
Blake King and Big Earth Realty can save you thousands of dollars when selling too. We give cash back to our buyers. Combine your home sale with the best help buying and we’ll save you a lot on commission.
You’ll be better off with Big Earth Realty!
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, buying or selling. If you want to learn more about how local market stats impact your next real estate transaction call or email Blake anytime at (403) 350-7672 or email hello@blakeking.ca
