The 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 homes listed 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
Still a deficit in homes hitting the market and homes leaving the market this 3rd week in September. I expected sales would slow sooner with the higher interest rates but people must still be rushing to buy before rates go higher. Lets see how the market changes as we head into the 4 quarter.
Know your market
If you’re planning to buy or sell residential real estate now or in the future, it’s important to understand as much about your local market as possible. That’s why each week at iOnRealEstate.ca we post this Red Deer Real Estate market report comparing the number of homes leaving the market (sold and expired/canceled) to homes entering the market (listings). It’s important to compare home sales to home listings to help understand the market and inventory levels. See the monthly inventory report for Central Alberta at iOnRealEstate.ca.
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, Sept 19th – Sept 25th, 2022
Click here for last week’s results <<
Red Deer Home Sales & Listing Comparison
Number of single-family detached homes sold: 23
Number of single-family detached homes listed: 21
Average price of single-family detached homes sold: $412,821
Number of other properties (condo, apart, duplex, town-home) sold: 9
Number of other properties (condo, apart, duplex, town-home) listed: 13
Number of condominiums sold: 4
Number of condominiums listed: 9
Average price of condominiums sold: $184,500
Properties sold price breakdown
| Number of residential units sold between | 0-200k | 5 |
| Number of residential units sold between | 201-300k | 8 |
| Number of residential units sold between | 301-400k | 8 |
| Number of residential units sold between | 401-500k | 6 |
| Number of residential units sold between | 501-750k | 5 |
| Number of residential units sold above | 751k | 0 |
Total entered the market
Listings: 34
Total off the market
Expired & canceled: 20
Listings sold: 32
Margin
34(entered market) – 52(off-market) = -18
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
