Prices are up this year and that makes it a good time to take a look at the 5 highest-priced homes sold in Red Deer in 2023.
Home prices have increased in Red Deer over the last 2 years and they remain sturdy with our current low inventory levels. Even with higher interest rates homes are selling well and below we look at Red Deer’s highest-priced homes sold so far 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 to Red Deer and that’s causing a low rental vacancy rate pushing rental rates up and more renters into home ownership.
High interest rates have probably had the greatest impact on higher-end homes but they are still selling. Scroll down to see the highest-priced homes sold in Red Deer in 2023.
The lowest price of the 5 highest homes sold so far in 2023 was $925,000 and the highest was $1,335,000.
There are currently 9 homes for sale in Red Deer priced higher than $1,200,000 and 13 for sale priced higher than $1,000,000.
So far in 2023, four homes have sold for a price higher than $1,000,000, and in 2022 seven sold over $1,000,000 by the end of December.
The highest-priced home sold in Red Deer in 2022 was $1,425,500 and in 2023 the highest home sale so far is $1,335,000.
Have a look at the 5 highest-priced homes sold in Red Deer this year and click each image to see more pictures of each one.
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