Red Deer & County Real Estate in October
2011 will be looked upon as a year in which the Red Deer real estate market activity deviated from expected patterns.
While the Summer months are normally slow, August was very busy. Homes for sale in Red Deer normally find increased buyers in September and the market slows somewhat in October. This year, September was a relatively slower month, while October recorded increased activity.
Sales in the overall Red Deer real estate market (123) in October increased over September results by 4.2% and were higher than October of 2010 by 61.8%. New listings declined compared to the month before and the year before by 11.7% and 21.7% respectively. The median sale price of $285,000 was 3.2% below the median price during September but on par with this same month last year. Sellers negotiated 97.4% of their asking price. Average days to sell recorded at 50.
Boosted sales continued in acreage properties in October compared to activity over the last year. 6 Acreages offering fewer than 5 acres found new owners in Red Deer County. These properties offered life style choices at a median price was $440,000. 2 Properties offering an average of 5.5 acres were sold this October at an average price of $427,500. 3 Properties attracting hobby farmers changed hands. They offered an average of 29.5 acres at a median price of $435,000. One property of 27.4 acres was a bare land parcel.
Previous Red Deer Real Estate Market Reports: