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Red Deer Real Estate – January 2010 Market Report

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

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

Red Deer real estate listings activity 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 the Red Deer real estate market this January. 58 Red Deer homes came to market in these communities bringing total active listings to 100. 19 Properties found new owners compared to 13 last January. The median sale price registered at $300,000 during the first month of the New Year and the average days to sell in these communities was 62.

Market Activity Feb 2010

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