Keep on top of the Central Ab and Red Deer market news by checking in at www.iOnRealEstate.ca – Red Deer real estate news, stats, and information hub.
More homes hit the market this past week than entered the market. This is generally what happens this time of year. Buying tends to slow during July and Augulst likely because peoples minds are more on holidays and other activities. Sale remain strong in Red Deer.
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 sales & listing comparison report for the week, July 19th – July 25th, 2021 report
Sales, listings and average price data
Number of single-family detached homes sold: 16
Number of single-family detached homes listed: 36
The average price of single-family detached homes sold: $396,009
Number of other properties (condo, apart, duplex, town-home) sold: 11
Number of other properties (condo, apart, duplex, town-home) listed: 21
Number of condominiums sold: 4
Number of condominiums listed: 15
The average price of condominiums sold: $158,625
Properties sold price breakdown
|Number of residential units sold between||0-200k||5|
|Number of residential units sold between||201-300k||7|
|Number of residential units sold between||301-400k||7|
|Number of residential units sold between||401-500k||4|
|Number of residential units sold between||501-750k||4|
|Number of residential units sold above||751k||0|
Total entered the market
Total off the market
Expired & canceled: 21
Listings sold: 27
55 (entered market) – 48 (off-market) = 7
View the monthly inventory stats now at http://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 home. 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 firstname.lastname@example.org