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
We see the deficit of homes for sale decrease this past week and it’s good to see. We’ve had very low inventory over the last number of months and it’s not a healthy position for a real estate market. As we pull out of the “spring market,” and with interest rates increasing we’ll likely see our local market balance better over the next couple of month.
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, that 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, May 9th – May 15th, 2022
Click here for last week’s results <<
Red Deer Home Sales & Listing Comparison
Number of single-family detached homes sold: 34
Number of single-family detached homes listed: 30
The average price of single-family detached homes sold: $450,906
Number of other properties (condo, apart, duplex, town-home) sold: 14
Number of other properties (condo, apart, duplex, town-home) listed: 21
Number of condominiums sold: 7
Number of condominiums listed: 12
The average price of condominiums sold: $185,733
Properties sold price breakdown
| Number of residential units sold between | 0-200k | 8 |
| Number of residential units sold between | 201-300k | 9 |
| Number of residential units sold between | 301-400k | 16 |
| Number of residential units sold between | 401-500k | 7 |
| Number of residential units sold between | 501-750k | 6 |
| Number of residential units sold above | 751k | 2 |
Total entered the market
Listings: 51
Total off the market
Expired & canceled: 8
Listings sold: 48
Margin
51(entered market) – 56(off-market) = –5
View the monthly inventory stats now at http://www.iOnRealEstate.ca.
Click here for last week’s results
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, 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 (403) 350-7672 or hello@blakeking.ca