85 Properties found new owners in Red Deer during the first month of the New Year, remaining consistent with numbers recorded the month before, but 37% higher than sales last January.

Average days to sell for those properties changing hands in January was 57 compared to 68 last year at this time. The median sale price of Red Deer homes this January was $284,500 compared to $265,000 last January, an increase of 7.4%.

MLS real estate activity seasonally increased over December’s new listings. 261 Red Deer homes came to market in January compared to 267 in January 2009 and 119 in December 2009. Many Sellers wanted a jump on what is anticipated to be a better Spring market by listing early.  

Anders Park, Inglewood, Lancaster and Vanier Woods were responsible for 22.2% of new listings and 22.4% of sales recorded in Red Deer this January. 58 new homes came to market in our communities bringing total active listings to 100. 19 homes found new owners compared to 13 last January. The median sale price in our areas registered at $300,000 during the first month of the New Year and the average days to sell was 62.