Recent Market Report
The Red Deer real estate market showed a decline in listings and an increase in sales during the first quarter of 2013 compared to the same period last year. The resulting demand outweighing supply produced an expected increase of overall sale prices compared to the first quarter in 2012.
Red Deer active listings during the first quarter of 2013 averaged 220 single family homes offered per month, compared to 247 during the first 3 months of 2012, a decrease of 11.3%. Sales in the overall market proved higher by 12% during this time compared to the same 3 months last year, averaging 96 property sales per month during the first quarter of 2013.
In the Southeast, listings remained on par with listings the year before, but declined during March by 17%. March listings in Anders, Inglewood, Lancaster, Vanier and Southbrook numbered 74 compared to 89 one year ago. Sales during the first quarter increased by 10%, with 86 property sales during the first 3 months of 2013 compared to 78 sales during the first quarter of 2012.
On average, Sellers accomplished 98% of the trigger price at the time accepted offers were negotiated.
Previous Red Deer Market Reports: