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Red Deer Real Estate in April

Inventory levels grew in the Red Deer real estate market during April this year, as listings grew and sales fell.

272 Properties were offered as Red Deer homes for sale during April, a 15.7% increase over new listings in March, but down from new listings one year ago by 5.2%. The median list price recorded at $292,500.

Sales in the Red Deer real estate market totalled 123 properties this April, down from April sales by 16.9% and short of sales last April by 21.2%. The median sale price of overall Red Deer homes for sale was $288,000, a 5.3% decline from one year ago. On average, Sellers realized 97.6% of their list price and average days on market were 56.

Red Deer County reported only 3 acreage properties changing hands during April this year. One bare land parcel, offered for sale for almost a year, included 2.5 acres of land and sold for less than 75% of the asking price. Two acreages between 2.5 acres and 5 acres finally found new owners as well. The smaller parcel sold for under $357,000 and the larger parcel, slowly reducing in price behind a declining market, sold for substantially less than the original asking price.

February 2011 MLS Red Deer Market Activity

Previous Red Deer Real Estate Market Reports:

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