Red Deer Real Estate in July
The Red Deer real estate market reflected typical seasonal slowdown in July, reporting reduced activity in both listings and sales compared to June records.
Red Deer homes for sale that came to market during July (259) were 13.4% fewer than June’s new listings and fell short of listings last year at this time by 1.5%.
150 Red Deer homes for sale changed hands in July compared to 162 during June, a 7.4% decrease in month-over-month volume and off from the number of sales in July 2010 by 2.6%. The median sale price this July was $285,000, 1.4% higher than June’s median, but 5.6% below the median sale price recorded last July. The median sale price reflects the mid-price of recorded sales. An equal number of properties sold above and below the median sale price. The average size of properties changing hands was 1241 sq ft. above grade. Sellers realized 97.0% of the asking price at the time of sale. Average days to sell recorded at 45.
11 Acreages in Red Deer County sold this July. 7 properties offered fewer than 5 acres with the median sale price of these particular parcels recording at $396,000. 3 Properties offering between 6 and 11 acres with homes newer than 15 years found Buyers at a median sale price of $525,000. Proximity to pavement advantaged these particular properties. A large recreational property offering 34+ acres sold during between $500,000 and $600,000 but $200,000 less than the price it was offered for when initially listed.
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