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.
Last week (detailed below) looked better than the week that preceded it. One more house left the market than was listed March 27th to April 2nd creating a nice balance. We are witnessing some oddities in the Red Deer and Central Ab real estate market. Home sales in March were down in Red Deer but up substantially throughout the rest of Central Alberta (see this story by » clicking here «). With current home sales peculiarities in the Red Deer real estate market it’s at least nice to see an “off market / listings” balance (below).
Red Deer real estate market weekly report Mar 27th – Apr 2nd?
Number of single family detached homes sold: 15
Number of single family detached homes listed: 37
Average price of single family detached homes sold: $351,647