Red Deer Real Estate – May 2010 Market Report
Red Deer real estate activity recorded a decline in sales compared to April this year as well as compared to sales of May 2009. Listings increased over the numbers of Red Deer homes for sale offered to Buyers the month before, but were fewer than listings offered one year ago.
New listings totalled 298 in May, compared to 287 in April, an increase of listings in the city by 3.8%. Compared to listings offered during this same month last year, numbers declined by 10.0%. The overall median list price was $299,900 in the City of Red Deer. Overall sales declined compared to April this year as well as last May by 3.2% and 23.4% respectively. The median sale price in the Red Deer real estate market this May was $294,900. Average days on market before sale were recorded at 43.
Acreage property sales in Red Deer County recorded more activity in May than during recent months. 4 properties sold that offered 1 to 5 acres of land, all featuring higher end homes enhanced by the privacy of acreage living. One other parcel of bare land only (almost 7 acres) found new owners during May. The median sale price of these acreage properties was $645,000. 3 properties offering 20+ acres changed hands in Red Deer County during May this year. The median sale price for this market category was $415,000.
Previous Red Deer Real Estate Market Reports: