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 your local market.
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 predictions.
Putting weekly real estate updates together I want to state upfront that a real estate market is local. Also note, when someone says “Canadian real estate market” or even “Alberta real estate market” it almost certainly doesn’t directly apply to your local market. Often you hear people making decision or giving advice based national and international real estate information. Take non-local information with a grain of salt, it may have practically zero relevance to your local market. And before making any real estate decision call an experience local Realtor® for advice!
Red Deer real estate market Feb 26th – Mar 4th
Number of single family detached homes sold: 6
Number of single family detached homes listed: 45
Average price of single family detached homes sold: $411,417
Number of other properties (condo, apart, duplex, town-home) sold: 11
Number of other properties (condo, apart, duplex, town-home) listed: 17
Number of condominiums sold: 6
Number of condominiums listed: 9
Average price of condominiums sold: $210,292