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.