Mid Year Market Update, 2011

Its been an active spring and summer market so far for Red Deer real estate.  The volume of activity has been more consistent than last year and the sales volume has been higher.  Overall Good News for sellers and reassurance for buyers that the housing market is stabilizing and balancing in Red Deer.

MLS® Residential Sales Versus Listings, July 2011:

This are the shapes we're looking for.  We'd like the red listing line to be as close to the blue line as possible if we are the seller.  The closer those two are the more we are in a "sellers market"  When the red listing line is well above the blue sales line we would be in a "buyers market".  Basically the success of a sale depends on your price range.  The middle price ranges are the most active:

July          100& Under   100-150 150-200 200-250 250-300  300-350 350-400 400-450   450-500 500-550 550-600 600-700 700+ Total: Avg Price
 Sales:  8 5 14 21 36 28 13 11 6 4 1 2 1 150  $291,228
New Listings  15 13 25 35 66 37 38 19 10 1 4 7 11 281 $323,481

 July Residential MLS®Sales 2010: 126

 July Residential MLS® Sales 2011:  150

Sales for July over July are up by 19%.

Positive real estate news.  We have some price ranges that are stronger in sales volume than others.  So it is best to consult with your REALTOR® on how your home fits into the market and what steps you should take to become "SOLD"


Patrick Galesloot 

Patrick on Twitter:  @pgalesloot

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