| Monday, February 13, 2012 January 2012 Red Deer MLS Market Reportby Rebecca Benedict on Mon, Feb, 13, 2012 09:09 PM
Red Deer Real Estate Market Report in January
The Red Deer real estate market in January deviated from typical January activity recorded in neighbouring major markets.
In Edmonton and area, prices dropped below those recorded in December, as did the volume of sales. In the overall Red Deer real estate market, increases were recorded in listings, sales, and prices.
164 Listings were recorded as new compared to 100 the month before; 86 properties ( a marginal 3 more than in December), and the median sale price of $292,000 was 8.1% higher than December’s. Year-over-year comparisons portray a decline in January sales by 2.3% and in listings by 24.4%.
Average days before sale recorded at 51 in the overall Red Deer real estate market this January.
Red Deer County recorded a busy first month, with 5 acreage properties finding new owners, 2 parcels of 20+ acres changing hands, and one property offering 100+ acres reporting as sold. Of the 5 acreage properties, 2 one-acre parcels sold as building lots at an average price of $147,500. The other 3 acreages offered beautiful, newer homes, an average of 2 acres, and sold for an average price of $661,333. They were located in upscale subdivisions bordering Red Deer. 2 Larger properties of 20+ acres, listed for a while, found Buyers in the high $770’s ( home built in 2008) and in the mid $500’s (log home built in 1995 and West of Bowden). 100 acres of bare land, with suggestion of future development and just 5 miles West of Red Deer, sold in the high $400’s.
Monday, February 13, 2012 December 2011 Red Deer MLS Market Reportby Rebecca Benedict on Mon, Feb, 13, 2012 09:07 PM Red Deer Real Estate Market in December
Activity in the Red Deer real estate market this December followed an expected trend – a seasonal decrease in sales compared to November results, to match fewer listings coming to market.
83 Residential properties changed hands in the overall Red Deer real estate market in December, compared to 125 in November this year and 98 last December. Red Deer homes for sale offered to Buyers during December numbered 100 compared to 123 new listings in November and 114 properties offered during December 2010. Overall, compared to last year, new listings decreased by 12.3% and sales decreased by 15.3%. The median sale price in the overall Red Deer real estate market in December this year was $270,000, down 5.3% from one month ago but right on par with December last year. Sellers realized 96.7% of their asking price in an average of 59 days.
In Red Deer County, 3 developed acreages changed hands during December at an average sale price of $541,000. 1 bare land parcel of 20 acres sold, it was listed at 239,000. Of the 3 developed properties, 2 were less than 4 acres and one was 38 acres.
Monday, February 13, 2012 November 2011 Red Deer MLS Market Reportby Rebecca Benedict on Mon, Feb, 13, 2012 09:05 PM Red Deer Real Estate & Red Deer County in November
Activity in the Red Deer real estate market this November followed the trend of other Albertan markets – an increase in sales compared to October results, and a decline in listings coming to market.
125 Residential properties changed hands in the overall Red Deer real estate market in November, compared to 123 in October this year and 113 last November. Red Deer homes offered to Buyers during November numbered 123 compared to 188 new listings in October and 172 properties offered during November 2010. Overall, compared to last year, listings declined by 28.5% and sales increased by 10.6%. The median sale price in the overall Red Deer real estate market in November this year was $285,000, on par with one month ago. Sellers realized 97.0% of their asking price in an average of 58 days.
In the acreage market, 11 properties changed hands during November at a median sale price of $380,000. 4 Properties offered fewer than 2 acres. The median price of these subdivision acreages was $482,500. 5 Acreages offered 3 - 5 acres at a median sale price of $270,000 for a bare parcel of 4.83 acres, 10 minutes from Red Deer. 2 Properties that sold in Red Deer County this November offered more than 6 acres of land. One such property was on the market for more than 6 months offering an older home and 6.3 acres of land. The other parcel was a unique opportunity to own 16+ acres less than 7 minutes from Red Deer. A beautiful walkout, with large shop, it bordered the Blindman Ridge and had been offered for sale for over a year.
Thursday, November 10, 2011 October 2011 Red Deer MLS Market Reportby Rebecca Benedict on Thu, Nov, 10, 2011 03:51 PM Red Deer & County Real Estate in October
2011 will be looked upon as a year in which the Red Deer real estate market activity deviated from expected patterns.
While the Summer months are normally slow, August was very busy. Homes for sale in Red Deer normally find increased buyers in September and the market slows somewhat in October. This year, September was a relatively slower month, while October recorded increased activity.
Sales in the overall Red Deer real estate market (123) in October increased over September results by 4.2% and were higher than October of 2010 by 61.8%. New listings declined compared to the month before and the year before by 11.7% and 21.7% respectively. The median sale price of $285,000 was 3.2% below the median price during September but on par with this same month last year. Sellers negotiated 97.4% of their asking price. Average days to sell recorded at 50.
Boosted sales continued in acreage properties in October compared to activity over the last year. 6 Acreages offering fewer than 5 acres found new owners in Red Deer County. These properties offered life style choices at a median price was $440,000. 2 Properties offering an average of 5.5 acres were sold this October at an average price of $427,500. 3 Properties attracting hobby farmers changed hands. They offered an average of 29.5 acres at a median price of $435,000. One property of 27.4 acres was a bare land parcel.
Thursday, November 10, 2011 September 2011 Red Deer MLS Market Reportby Rebecca Benedict on Thu, Nov, 10, 2011 03:50 PM Red Deer & County September Market
Fall activity in the Red Deer real estate market got off to a slow start this year, with overall sales and listings falling below numbers recorded during August.
September results typically record more activity than during the summer months, but 118 Red Deer homes for sale found new owners in September, a 14.5% decline from sales reported during August this year. The median sale price for properties changing hands during September in the overall Red Deer real estate market was $294,400, 8.8% higher than August’s median and down only 0.2% compared to last year. This median reflects September’s demographic of Buyers rather than suggesting a trend toward increased prices. On average, Sellers realized 97.3% of their asking price at time of negotiations. Average days to sell numbered 51.
Acreage sales recorded the busiest month in several years. 17 acreage properties sold in Red Deer County during September at a median price of $369,667. 8 properties sold above and below the median price.
10 Properties sold offering 1.5 to 5 acres of land. The lowest price was $160,000 for just over 3 acres West of Bowden and the highest price was just over $600,000 for a beautiful home with shop and garage on 3 acres West of Sylvan Lake. 4 Properties offering between 7 and 10 acres found new owners, the lowest of which had 7 acres with a mobile home, and the highest priced property sold for almost $800,000 offered a beautiful home and 7 acres of land. 3 Larger parcels offering 25 to 40 acres sold for prices ranging from $332,000 (for 40 acres of bare land West of Innisfail) to $635,000 for a beautiful 25 acres with house, barn and set up for horses along river frontage near Markerville.
Wednesday, September 14, 2011 August 2011 Red Deer MLS Market Reportby Rebecca Benedict on Wed, Sep, 14, 2011 11:03 PM
Red Deer Real Estate in August
Sales in the Red Deer real estate market during August this year recorded typical slowdown from activity in July, but substantial improvement over the record low sales recorded in August 2010.
August 2010 recorded that 94 of the Red Deer homes for sale at that time found new owners. In 2009, sales recorded at 163 properties, and 2008 recorded 204 residential properties changing hands. This August, 138 Red Deer homes sold during the month of August – a 46.8% increase over last year at this time, but still down from 2009 sales figures by 15.3% and 32% below sales recorded in 2008. Listings coming to market during August numbered 241, 13.9% fewer than during July this year and 12.0% fewer than properties offered in the Red Deer real estate market one year ago.
Average days to sell this August recorded at 54 in the overall Red Deer real estate market and the median sale price of $270,500 was 8.5% lower than last year at this same time.
5 Acreage properties sold in Red Deer County this August. One property offered fewer than 3 acres with the focus on the house, while the other 4 properties had 5+ acres with country living being the focus of purchase. The median sale price of these 5 properties was $460,000. Numbers of acres offered ranged from 2.99 to 13.21.
Tuesday, August 2, 2011 July 2011 Red Deer MLS Market Reportby Rebecca Benedict on Tue, Aug, 2, 2011 11:47 AM Red Deer Real Estate in July
The Red Deer real estate market reflected typical seasonal slowdown in July, reporting reduced activity in both listings and sales compared to June records.
Red Deer homes for sale that came to market during July (259) were 13.4% fewer than June’s new listings and fell short of listings last year at this time by 1.5%.
150 Red Deer homes for sale changed hands in July compared to 162 during June, a 7.4% decrease in month-over-month volume and off from the number of sales in July 2010 by 2.6%. The median sale price this July was $285,000, 1.4% higher than June’s median, but 5.6% below the median sale price recorded last July. The median sale price reflects the mid-price of recorded sales. An equal number of properties sold above and below the median sale price. The average size of properties changing hands was 1241 sq ft. above grade. Sellers realized 97.0% of the asking price at the time of sale. Average days to sell recorded at 45.
11 Acreages in Red Deer County sold this July. 7 properties offered fewer than 5 acres with the median sale price of these particular parcels recording at $396,000. 3 Properties offering between 6 and 11 acres with homes newer than 15 years found Buyers at a median sale price of $525,000. Proximity to pavement advantaged these particular properties. A large recreational property offering 34+ acres sold during between $500,000 and $600,000 but $200,000 less than the price it was offered for when initially listed.
Monday, July 18, 2011 June 2011 Red Deer MLS Market Reportby Rebecca Benedict on Mon, Jul, 18, 2011 05:43 PM
Red Deer Real Estate in June
Sales softened during June this year in the Red Deer real estate market compared to properties changing hands in May this year, but increased substantially over last June.
299 Red Deer homes for sale came to market during June, 2011, compared to 262 in May and 370 one year ago. 162 properties found new owners in the Red Deer real estate market this June, 10 short of properties sold during May, but 21.8% higher than sales during June of last year. Average days on market numbered 44, and the median sale price recorded at $280,000.
11 Acreage properties sold in Red Deer County this June – the busiest month in a very long time. 7 of these properties were acreages offering fewer than 5 acres, with the main focus on house and location. $379,690 was the median price of these acreages, with $287,000 being the lowest price and $773,100 the highest. 3 Properties offering between 24 and 40 acres found new owners,. The median price of this group was $618,000. Both properties that sold over the $600,000 mark were located in close proximity to Red Deer. One larger parcel of 157 acres changed hands in June. On the market for more than 1 year, it was sold for just over $600,000 and offered a moderate home and good location.
Monday, July 18, 2011 May 2011 Red Deer MLS Market Reportby Rebecca Benedict on Mon, Jul, 18, 2011 05:42 PM Red Deer Real Estate in May
The Red Deer real estate market recorded a decline in inventory during the month of May, with fewer new listings coming to market than the month before and a recorded increase in sales.
262 Red Deer homes for sale were new to the market in May, a 3.7% decline from new listings in April, and 12.1% fewer than properties entering the Red Deer real estate market during May of 2010. Sales recorded at 172, 39.8% above April results and a 13.9% increase over sales at this same time last year. Prices continued the downward trend. The median sale price of $282,500 was 1.9% below April’s median and 3.9% lower than the median selling price in May 2010. Average days on market dropped to 44 and Sellers realized 97.3% of their asking price at time of sale.
Red Deer County recorded 10 acreage properties as unconditionally sold during May this year. 5 properties had 1 or 2 acres and sold for a median price of $520,000. These properties were in subdivisions on the edge of cities or towns. Average days to sell were 95. 3 Properties offering an average of 5 acres of land each had conditions removed in May, with a median selling price of $272,900. 2 Listings were valued for the size of the lot offered, while the one that sold for over $500,000 offered a better home in excellent conditions as well as 5 acres of land. 2 properties sold with greater than 15 acres of land. One sold for just under $300,000 and the focus was on the 18 acres it offered, while the other property, with 26 acres of land and considered an equestrian facility and revenue generating property sold for just under $600,000.
 Monday, July 18, 2011 April 2011 Red Deer MLS Market Reportby Rebecca Benedict on Mon, Jul, 18, 2011 05:41 PM
Red Deer Real Estate in April
Inventory levels grew in the Red Deer real estate market during April this year, as listings grew and sales fell.
272 Properties were offered as Red Deer homes for sale during April, a 15.7% increase over new listings in March, but down from new listings one year ago by 5.2%. The median list price recorded at $292,500.
Sales in the Red Deer real estate market totalled 123 properties this April, down from April sales by 16.9% and short of sales last April by 21.2%. The median sale price of overall Red Deer homes for sale was $288,000, a 5.3% decline from one year ago. On average, Sellers realized 97.6% of their list price and average days on market were 56.
Red Deer County reported only 3 acreage properties changing hands during April this year. One bare land parcel, offered for sale for almost a year, included 2.5 acres of land and sold for less than 75% of the asking price. Two acreages between 2.5 acres and 5 acres finally found new owners as well. The smaller parcel sold for under $357,000 and the larger parcel, slowly reducing in price behind a declining market, sold for substantially less than the original asking price.
Wednesday, April 13, 2011 March 2011 Red Deer MLS Market Reportby Rebecca Benedict on Wed, Apr, 13, 2011 02:21 PM
Red Deer Real Estate in March
Changes to mortgage regulations sparked an early jump into Spring in the Red Deer real estate market.
The Red Deer real estate market recorded a 43.7% increase in sales over February results and was 23.3% higher than sales of March 2010. In 2010, April was the month most affected by changes to mortgage regulations. 148 Red Deer homes for sale changed hands in March while 235 new listings came to market. New listings grew by 3.1% compared to last March but were 26.1% fewer than listings coming to market in March of 2010.
Average days to sell in the overall Red Deer real estate market recorded at 51 this March.
The median sale price recorded at $292,000, declining from March 2010 by 2.7%. On average, properties sold for 97.1% of the asking price.
The County market was busier in March than it has been for a long time. 17 properties sold at a median price of $495,000.
7 County residential properties sold, offering fewer than 5 acres, with the average lot being 2 acres. The median selling price of these properties was $600,000. 3 Parcels including 5 to 15 acres found new owners this March. The median sale price of these properties recorded at $435,000 as focus moved toward the size of the land included being more important than the age of the home. One parcel containing 50+ acres found new owners after a long time on the market. This property sold for sub $475,000 with the home in need of a lot of repairs. 4 bare land properties offering an average of 4 acres changed hands at a median price of $215,000. 2 Parcels of 160 acres and 147 acres respectively sold in the Elnora area at an average price of $260,000.
 Wednesday, February 16, 2011 January 2011 Red Deer MLS Market Reportby Rebecca Benedict on Wed, Feb, 16, 2011 09:15 PM
January Red Deer real estate market …
Spring activity in the Red Deer real estate market will come early with the announcement of pending changes to mortgage regulation.
Red Deer homes for sale recorded 88 properties successfully finding new owners during January this year. While this number is 10.2% below December figures, there are currently 35 properties listed as “pending”. This means an additional 35 properties have been the subject of accepted offers during January. Buyers are currently completing their due diligence to ensure the properties are what they hope them to be. Once removal of conditions happens, properties will be recorded as sold. The median sale price in January was $283,000 in the overall Red Deer real estate market. Average days to sell was 64.
New listings in the Red Deer real estate market almost doubled those in December, but were below last January’s new listings by 16.9%.
Only one property offering country acreage sold during the month of January. This property offered 20+ acres of land and had lingered on the market for a lengthy period of time. While offering a beautiful setting, the house needed a lot of work and some outbuildings were considered costly tear downs only. This property, 30 minutes from Red Deer, sold for under $400,000.
| Wednesday, February 16, 2011 November 2010 Red Deer MLS Market Reportby Rebecca Benedict on Wed, Feb, 16, 2011 09:14 PM
Red Deer and County – this November
November proved to be a busier month than October for selling Red Deer homes. Sales numbered 113 in the overall market, a 48.7% increase over results during October this year.
The median sale price in the Red Deer real estate market was $282,500 this November, down from last November by 7.4%.
The average days on market for a Red Deer real estate property that sold during November was 58, 9 days longer than during October. Last year at this same time, properties changing hands were on the market for 40 days. The difference is not a reflection of fewer buyers, but that Buyers took longer to make their decisions. The sale-to-list price analysis for November shows that the average Red Deer Home sold for 96.8% of the listed price at time of sale, similar to October and last November.
New listings declined during November by 28.3% compared to numbers of Red Deer homes that came to market the month before. 172 properties were offered to Red Deer real estate shoppers during November this year.
In Red Deer County, 5 properties changed hands that offered 1-3 acres of land. The median sale price of November acreage sales was $495,000. All represented the purchase of house-type and location rather than the priority being on the land itself. One 15 acre, bare land parcel sold during November and one property offering 8 acres of land found a new owner. Land-over-dwelling could be considered the determining factor of both sales.
 Friday, January 7, 2011 December 2010 Red Deer MLS Market Reportby Rebecca Benedict on Fri, Jan, 7, 2011 01:15 PM
Red Deer Real Estate at Year End
Red Deer real estate sales during December 2010 reported an increase in numbers compared to last December sales by 14.0% while new listings coming to market declined by 4.2%.
98 Red Deer homes found new owners in December 2010 compared to 113 in November and 86 last December. Properties added in the Red Deer real estate market numbered 114 this December compared to 172 the month before and 119 last year at this same time.
The median sale price recorded in the Red Deer real estate market this past December was $267,200, 5.4% lower than November’s median sale price and 11.5% below the median last December of $302,000. Overall, Sellers of Red Deer homes realized 96.6% of the asking price at time of sale.
In Red Deer County, a total of 7 properties were sold with more than an acre of land featured. 4 of these properties were acreages, with focus centered on the location and dwelling. Average numbers of acres included was 2. The median sale price of these properties was $470,000. 3 properties sold during December featuring 8 or more acres. All incorporated the value of land-over-dwelling. The smallest parcel went for sub $150,000 and the largest, offering 131 acres and promoting possible future development, sold for under $1,200,000.
Thursday, December 2, 2010 November 2010 Red Deer MLS Market Reportby Rebecca Benedict on Thu, Dec, 2, 2010 11:12 PM
Red Deer and County – this November
November proved to be a busier month than October for selling Red Deer homes. Sales numbered 113 in the overall market, a 48.7% increase over results during October this year.
The median sale price in the Red Deer real estate market was $282,500 this November, down from last November by 7.4%.
The average days on market for a Red Deer real estate property that sold during November was 58, 9 days longer than during October. Last year at this same time, properties changing hands were on the market for 40 days. The difference is not a reflection of fewer buyers, but that Buyers took longer to make their decisions. The sale-to-list price analysis for November shows that the average Red Deer Home sold for 96.8% of the listed price at time of sale, similar to October and last November.
New listings declined during November by 28.3% compared to numbers of Red Deer homes that came to market the month before. 172 properties were offered to Red Deer real estate shoppers during November this year.
In Red Deer County, 5 properties changed hands that offered 1-3 acres of land. The median sale price of November acreage sales was $495,000. All represented the purchase of house-type and location rather than the priority being on the land itself. One 15 acre, bare land parcel sold during November and one property offering 8 acres of land found a new owner. Land-over-dwelling could be considered the determining factor of both sales.
 Thursday, December 2, 2010 October 2010 MLS Red Deer Market Reportby Rebecca Benedict on Thu, Dec, 2, 2010 11:06 PM
Red Deer Real Estate – October 2010 Market Report
The Red Deer real estate market recorded substantial fluctuations in October compared to both the month before and the same time last year.
Overall sales of Red Deer homes (76) declined by 36.1% compared to September results and were down compared to last October by 49.7%. Listings (240) increased during October by 11.6% compared to September new listings and by 10.6% compared to new listings coming to market last October.
The average Red Deer home was on the market for 49 days before sale during October, and the median sale price was $285,000 – down 3.4% compared to September, but 1.8% higher than last October. The average Red Deer home sold during October was 1254 sq ft. Sellers realized 97.0% of their asking price.
In Anders Park, Inglewood, Lancaster and Vanier Woods, 19 properties sold, a decrease from September results by 54.8% and down from last October by 32.1%. 55 properties came to market, down 6.8% from September and up over last October new listings by 22.2%. The average Red Deer home sold in these areas recorded a median sale price of $355,000 and featured 1365 sq ft. Sellers settled for 97.4% of their asking price in these communities of focus.
 Friday, April 30, 2010 March 2010 MLS Sales in Red Deerby Rebecca Benedict on Fri, Apr, 30, 2010 03:40 PM
Red Deer Real Estate – March 2010 Market Report
Red Deer Real Estate activity during the month of March recorded increased listings and increased sales compared to February results, while sales fell slightly compared to March 2009.
Numbers of Red Deer homes that came to market in March this year were 318 compared to new listings in February of 239 and new listings in March 2009 of 283. Typically expected at this time of year, new listings in the Red Deer real estate market grew by 33.1% compared to the month before. Sales of homes in Red Deer increased by 5.3% compared to Red Deer homes changing hands in February this year, but were 2.4% fewer than sales recorded last March. The overall median sale price in the Red Deer real estate market during March, 2010, recorded at $300,000, an increase of 5.3% compared to February this year and 7.9% higher than during March last year. Average days to sell were recorded as 44. In Anders Park, Inglewood, Lancaster and Vanier Woods, new listings grew by 2.7% compared to last year at this time, while numbers of sales increased by 20.8%. Sales recorded during March were 2 units fewer than sales in February this year. Average days to sell recorded at 48, and Sellers realized 98.0% of their asking price.
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