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Red Deer Real Estate in August

Sales in the Red Deer real estate market during August this year recorded typical slowdown from activity in July, but substantial improvement over the record low sales recorded in August 2010.

August 2010 recorded that 94 of the Red Deer homes for sale at that time found new owners. In 2009, sales recorded at 163 properties, and 2008 recorded 204 residential properties changing hands. This August, 138 Red Deer homes sold during the month of August – a 46.8% increase over last year at this time, but still down from 2009 sales figures by 15.3% and 32% below sales recorded in 2008. Listings coming to market during August numbered 241, 13.9% fewer than during July this year and 12.0% fewer than properties offered in the Red Deer real estate market one year ago.

Average days to sell this August recorded at 54 in the overall Red Deer real estate market and the median sale price of $270,500 was 8.5% lower than last year at this same time.

5 Acreage properties sold in Red Deer County this August. One property offered fewer than 3 acres with the focus on the house, while the other 4 properties had 5+ acres with country living being the focus of purchase. The median sale price of these 5 properties was $460,000. Numbers of acres offered ranged from 2.99 to 13.21.

February 2011 MLS Red Deer Market Activity

Previous Red Deer Real Estate Market Reports:

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.