Red Deer Real Estate – February 2010 Market Report
February activity in the Red Deer real estate market proved to be the herald expected of a busy Spring market.
239 Red Deer homes came to market in February, 8.4% fewer than new listings during the month of January and 13.4% fewer than new listings offered in February of last year. Red Deer real estate activity reported 114 sales compared to the 85 Red Deer homes that sold the month before, an increase of 34.1% higher than January sales. The Red Deer listings-to-sales ratio in February was 4.9:1. The average number of days on market for properties changing hands during February was 48. The median sale price recorded at $285,000 for Red Deer homes compared to $284,500 in January and $290,000 last February. Sellers accomplished 99.7% of list price on average during February this year.
Real estate in Red Deer County reported 5 acreage properties finding new owners during the month of February. 2 such sales featured fewer than 3 acres, offering a feeling of country living in suburban houses. One such property sold for $485,000 and the other sold for $850,000. Two other Red Deer County properties each featured horse setups with 5-6 acres of land. Each of these properties found new owners in the low $400K range. A 25+ acre parcel of bare land sold in February at a price of $292,000.
Previous Red Deer Real Estate Market Reports: