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Red Deer Real Estate Market in December

Activity in the Red Deer real estate market this December followed an expected trend – a seasonal decrease in sales compared to November results, to match fewer listings coming to market.

83 Residential properties changed hands in the overall Red Deer real estate market in December, compared to 125 in November this year and 98 last December. Red Deer homes for sale offered to Buyers during December numbered 100 compared to 123 new listings in November and 114 properties offered during December 2010. Overall, compared to last year, new listings decreased by 12.3% and sales decreased by 15.3%. The median sale price in the overall Red Deer real estate market in December this year was $270,000, down 5.3% from one month ago but right on par with December last year. Sellers realized 96.7% of their asking price in an average of 59 days.

In Red Deer County, 3 developed acreages changed hands during December at an average sale price of $541,000. 1 bare land parcel of 20 acres sold, it was listed at 239,000. Of the 3 developed properties, 2 were less than 4 acres and one was 38 acres.

February 2011 MLS Red Deer Market Activity

Previous Red Deer Real Estate Market Reports:

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