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Red Deer Real Estate in June

Sales softened during June this year in the Red Deer real estate market compared to properties changing hands in May this year, but increased substantially over last June.

299 Red Deer homes for sale came to market during June, 2011, compared to 262 in May and 370 one year ago. 162 properties found new owners in the Red Deer real estate market this June, 10 short of properties sold during May, but 21.8% higher than sales during June of last year. Average days on market numbered 44, and the median sale price recorded at $280,000.

11 Acreage properties sold in Red Deer County this June – the busiest month in a very long time. 7 of these properties were acreages offering fewer than 5 acres, with the main focus on house and location. $379,690 was the median price of these acreages, with $287,000 being the lowest price and $773,100 the highest. 3 Properties offering between 24 and 40 acres found new owners,. The median price of this group was $618,000. Both properties that sold over the $600,000 mark were located in close proximity to Red Deer. One larger parcel of 157 acres changed hands in June. On the market for more than 1 year, it was sold for just over $600,000 and offered a moderate home and good location.

February 2011 MLS Red Deer Market Activity

Previous Red Deer Real Estate Market Reports:

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