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Red Deer Real Estate – November Report

November’s Red Deer real estate activity demonstrated the same results recorded in neighbouring major markets – sales outpaced listings.

While lower than sales in October (seasonally expected), November sales were 34% higher than results last year for this same month. New listings declined from new listings in October by 5.1% and were 2.0% higher than new listings last year. The city-wide median sale price ($305,000) was 8.9% higher than October for all market segments, and 7.4% higher than the median sale price last November. Average days on market before sale recorded at 47.

In our communities both sales and listings increased over one month ago and over last November reported numbers. Sales increased by 10.7% compared to October results and were 6.9% higher than last November. The median selling price in Anders Park, Inglewood, Lancaster and Vanier Woods was $324,000, 4.5% higher than last year at this same time, but 13.6% below the median reported one month ago. An equal number of properties sold above and below this median price.

The average sq ft of properties changing hands in November was 1302 and sellers realized $261 per sq ft in the single family market segment. Average days before sale numbered 40.

Previous Red Deer Real Estate Market Reports:

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