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Red Deer Real Estate - July 2009 Market Report

Red Deer real estate activity slowed as expected in July. A late start to summer contributed to putting off buying or selling homes.

The year-to-date sales volumes are back on par with pre-boom totals and reflect a healthy trade in Red Deer homes with prices a solid 25% above 2006 values which shows that Red Deer has proven a very sound investment for your equity. Low interest rates are effectively stimulating the housing market making it affordable for most people to own their homes. The median price is down 6% from the last two years but tends to reflect the price point that people are affording rather than property value dropping as buyers in lower price ranges are driving the market.

If you plan to enter the market, there are still a few bargains out there. I can easily identify the best value in homes priced below what they’re worth when we work together. If you plan to sell your home, you can get what your home is really worth without having to price your home competitively with other homes that are priced too low. A sound marketing strategy makes better sense than a low pricing strategy. Make sure you protect your home equity.

When you want answers to specific questions, call me. I’ll make it my priority to get you the information you need to make sound decisions.

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