Also keep your eye on more Red Deer real estate market news and info by checking into www.HomeScope.ca – Red Deer’s real estate new and information hub.
If you’re planning to buy or sell residential real estate in the near future it’s important to know as much as possible about the market you’re buying in.
Not only is it important to know what is happening in the market at any given time it’s also important to know what the market has done historically to make some predictions.
As I start to put these weekly real estate updates together I want to state for the record that a real estate market is local. And note, when someone says “Canadian real estate market” or even “Alberta real estate market” it almost certainly doesn’t apply to your local market. Often you hear people making decision or giving advice based on a provincial or national market statistic. Take that information with a grain of salt, it may have practically zero relevance to your local market.
I wouldn’t have expected the week right before Christmas to have more home sales then the two weeks preceding, but it happened. The difference wasn’t remarkable so it’s probably only by chance. It will be interesting to see what takes place this week between Christmas and New Years but more exciting will be watching the new year (2017) take off. Bookmarkwww.BlakeKing.ca to check back each week.
Weekly Red Deer real estate market update Dec 19th – Dec 25th?
Number of single family detached homes sold: 9
Number of single family detached homes listed: 7
Average price of single family detached homes sold: $392,700
Number of other properties (condo, apart, duplex, town-home) sold: 6
Number of other properties (condo, apart, duplex, town-home) listed: 9
Number of condominiums sold: 1
Number of condominiums listed: 6
Average price of condominiums… …