Red Deer & County September Market
Fall activity in the Red Deer real estate market got off to a slow start this year, with overall sales and listings falling below numbers recorded during August.
September results typically record more activity than during the summer months, but 118 Red Deer homes for sale found new owners in September, a 14.5% decline from sales reported during August this year. The median sale price for properties changing hands during September in the overall Red Deer real estate market was $294,400, 8.8% higher than August’s median and down only 0.2% compared to last year. This median reflects September’s demographic of Buyers rather than suggesting a trend toward increased prices. On average, Sellers realized 97.3% of their asking price at time of negotiations. Average days to sell numbered 51.
Acreage sales recorded the busiest month in several years. 17 acreage properties sold in Red Deer County during September at a median price of $369,667. 8 properties sold above and below the median price.
10 Properties sold offering 1.5 to 5 acres of land. The lowest price was $160,000 for just over 3 acres West of Bowden and the highest price was just over $600,000 for a beautiful home with shop and garage on 3 acres West of Sylvan Lake. 4 Properties offering between 7 and 10 acres found new owners, the lowest of which had 7 acres with a mobile home, and the highest priced property sold for almost $800,000 offered a beautiful home and 7 acres of land. 3 Larger parcels offering 25 to 40 acres sold for prices ranging from $332,000 (for 40 acres of bare land West of Innisfail) to $635,000 for a beautiful 25 acres with house, barn and set up for horses along river frontage near Markerville.
Previous Red Deer Real Estate Market Reports: