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Red Deer Real Estate – October 2010 Market Report

The Red Deer real estate market recorded substantial fluctuations in October compared to both the month before and the same time last year.

Overall sales of Red Deer homes (76) declined by 36.1% compared to September results and were down compared to last October by 49.7%. Listings (240) increased during October by 11.6% compared to September new listings and by 10.6% compared to new listings coming to market last October.

The average Red Deer home was on the market for 49 days before sale during October, and the median sale price was $285,000 – down 3.4% compared to September, but 1.8% higher than last October. The average Red Deer home sold during October was 1254 sq ft. Sellers realized 97.0% of their asking price.

In Anders Park, Inglewood, Lancaster and Vanier Woods, 19 properties sold, a decrease from September results by 54.8% and down from last October by 32.1%. 55 properties came to market, down 6.8% from September and up over last October new listings by 22.2%. The average Red Deer home sold in these areas recorded a median sale price of $355,000 and featured 1365 sq ft. Sellers settled for 97.4% of their asking price in these communities of focus.

Previous Red Deer Real Estate Market Reports:

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