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Red Deer Real Estate – March 2010 Market Report

Red Deer Real Estate activity during the month of March recorded increased listings and increased sales compared to February results, while sales fell slightly compared to March 2009.

Numbers of Red Deer homes that came to market in March this year were 318 compared to new listings in February of 239 and new listings in March 2009 of 283. Typically expected at this time of year, new listings in the Red Deer real estate market grew by 33.1% compared to the month before. Sales of homes in Red Deer increased by 5.3% compared to Red Deer homes changing hands in February this year, but were 2.4% fewer than sales recorded last March. The overall median sale price in the Red Deer real estate market during March, 2010, recorded at $300,000, an increase of 5.3% compared to February this year and 7.9% higher than during March last year. Average days to sell were recorded as 44.

In Anders Park, Inglewood, Lancaster and Vanier Woods, new listings grew by 2.7% compared to last year at this time, while numbers of sales increased by 20.8%. Sales recorded during March were 2 units fewer than sales in February this year. Average days to sell recorded at 48, and Sellers realized 98.0% of their asking price.

Red Deer market report, March 2010

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