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Red Deer Real Estate – June 2010 Market Report

The Red Deer real estate market recorded similar slow-down in sales during June as did most major centres in Western Canada.

Sales of Red Deer homes in June declined from results recorded in May this year by 11.9% and were 37.6% below sales recorded last year. New listings coming to market declined by a significant 79.9% compared to May and were 79.4% fewer than last June. The median sale price in the overall Red Deer real estate market was $279,000 compared to $294,000 in May and $279,400 in June of last year. Average days to sell increased to 52 for Red Deer homes changing hands in June this year. Sellers negotiated, on average, 97.1% of their asking price.

Sales in Anders Park, Inglewood, Lancaster and Vanier Woods (32) declined by 22.0% compared to the month before and were 44.8% fewer than last year at this same time when 58 properties found new owners. New listings in these communities numbered 16 compared to 74 in May and 81 last June. The median sale price in these communities recorded at $327,500 compared to $314,000 last June, an increase of 4.3%. Average days to sell numbered 54 and Sellers realized, on average, 97.5% of their asking price.

Previous Red Deer Real Estate Market Reports:

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