Red Deer Real Estate Market Report in July
The Red Deer real estate market recorded typical seasonal slowdown as Central Albertans relaxed during the first month of Summer.
July results in the overall Red Deer real estate market recorded a decline in sales by 39.9% compared to the month of June, and was 24.7% below sales last year at this same time. 113 Residential properties found new owners during July this year at a sale-to-list price ratio of 98.6%. The median sale price was $298,000. The average numbers of days on market before sale was 40 compared to 34 for properties changing hands in June. Listings coming to market were 6.4% higher than June new listings, but fell short of new listings in July 2011 by 3.9%.
In the Southeast, 31 properties sold this July compared to 39 in June and 36 last July. New listings numbered 61 properties compared to 75 new listings this June and 59 one year ago. Average number of days to sell was 35 in the Southeast communities of the Red Deer real estate market and the sale-to-list price ratio was 98.6%. The median sale price was $386,000 with an equal number of properties selling below and above this price point.
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