Keep on top of the Central Ab and Red Deer market news by checking in at www.iOnRealEstate.ca – Red Deer’s real estate news, stats, and information hub.
SUMMARY
Another week with an inventory deficit. Each week this happens there are fewer homes for sale the following week. Buyers are finding it more difficult to find their ideal home. With that in mind, it’s an ideal time to sell your home if you’re leaning in that direction. With the proposed “stress test” increase next month activity will slow a bit after that. We’ll have to wait and see how much.
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, April 26th – May 2nd, 2021 report
Click here for last weeks results <<
Sales, listings and average price data
Number of single-family detached homes sold: 46
Number of single-family detached homes listed: 47
The average price of single-family detached homes sold: $363,159
Number of other properties (condo, apart, duplex, town-home) sold: 18
Number of other properties (condo, apart, duplex, town-home) listed: 26
Number of condominiums sold: 7
Number of condominiums listed: 20
The average price of condominiums sold: $142,786
Properties sold price breakdown
| Number of residential units sold between | 0-200k | 8 |
| Number of residential units sold between | 201-300k | 25 |
| Number of residential units sold between | 301-400k | 20 |
| Number of residential units sold between | 401-500k | 2 |
| Number of residential units sold between | 501-750k | 7 |
| Number of residential units sold above | 751k | 1 |
Total entered the market
Listings: 73
Total off the market
Expired & canceled: 18
Listings sold: 64
Margin
73 (entered market) – 82 (off-market) = –0
Click here for last weeks results <<
View the monthly inventory stats now at http://www.iOnRealEstate.ca.
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 to help his clients make the most informed decisions 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 hello@blakeking.ca
