Red Deer sales & listings comp. report Dec 17th–23rd​

home selling help hub

Also keep abreast of real estate market news for Red Deer and Central Ab by checking in at www.HomeScope.ca – Red Deer’s real estate news 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 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 news 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 decisions based on national or international real estate information. Take non-local information with a grain of salt, it may have zero relevance to your local market. And before making any real estate decision call an experienced local Realtor® for advice! 


Red Deer sales & listings comparison report Dec 17th–23rd​

Number of single-family detached homes sold: 12
Number of single-family detached homes listed: 8
The average price of single-family detached homes sold: $316,117

» Click here for last weeks results

Number of other properties (condo, apart, duplex, town-home) sold: 9
Number of other properties (condo, apart, duplex, town-home) listed: 9
Number of condominiums sold: 8
Number of condominiums listed: 4
The average price of condominiums sold: $154,875

Number of residential units sold between 0-200k: 6
Number of residential units sold between 201-300k: 10
Number of residential units sold between 301-400k: 2
Number of residential units sold between 401-500k: 3
Number of residential units sold between 501-750k: 0
Number of residential units sold above 751k: 0


Total entered the market
Listings: 17

Total off the market
Expired & cancelled: 46
Listings sold: 21

Margin
17 (entered market) – 67 (off market) =  -50

It’s not often we see sale outnumber listings but we did this past week. Strangely there were more homes sold the week prior to Christmas then there were the middle week of December. It will be interesting to compare sold to listing during the Christmas week. We also saw a lot of homes for sale cancel or expire this past week. Let’s home inventory doesn’t flood again this spring or we will see more price decreases.


It’s a buyer favoured market in Central Ab and that indicate it’s a great time to buy. Most buyers will wait to see if prices drop BUT ALL STATS INDICATE THEY WON’T. Keep your eye on my “average price charting” news for Central Alberta >HERE<

View the monthly inventory stats at https://www.homescope.ca

For more local real estate news, info and statistics continually check in at www.HomeScope.ca.

» Click here for last weeks results 

An acreage for sale at Gull Lake, Alberta… so close to the beach
click for more pics and info…

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Hosted by Blake King Realtor®. Blake King continually monitors the Red Deer and Central Alberta real estate market to track changes and watch trends so his clients make the most informed decisions when 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 King anytime (403) 350-7672 or hello@blakeking.ca

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About the Author

Blake King
Having lived in Red Deer my entire life and having experience in many avenues of real estate I offer enormous value to my clients.