Red Deer real estate market Dec 18th-Dec 24th​

Blake King's real estate update for Red Deer
Also keep your eye on more Red Deer real estate market news and info by checking into www.HomeScope.ca - Red Deer's real estate new and information hub.

If you're planning to buy or sell residential real estate in the near future it's important to know as much as possible about your local market.

Not only is it important to know what is happening in the market at any given time it's also important to know what the market has done historically to make predictions. 

Putting weekly real estate updates together I want to state upfront that a real estate market is local. Also note, when someone says "Canadian real estate market" or even "Alberta real estate market" it almost certainly doesn't directly apply to your local market. Often you hear people making decision or giving advice based national  and international real estate information. Take non-local information with a grain of salt, it may have practically zero relevance to your local market. And before making any real estate decision call an experience local Realtor® for advice!


Red Deer real estate market Dec18th-Dec 24th​​

Number of single family detached homes sold: 11
Number of single family detached homes listed: 
19
Average price of single family detached homes sold: $476,864

» Click here for last weeks results 

Number of other properties (condo, apart, duplex, town-home) sold: 5
Number of other properties (condo, apart, duplex, town-home) listed: 8
Number of condominiums sold: 3
Number of condominiums listed: 6
Average price of condominiums sold: $404,083

Number of residential units sold between 0-200k: 2
Number of residential units sold between 201-300k: 4
Number of residential units sold between 301-400k: 6
Number of residential units sold between 401-500k: 1
Number of residential units sold between 501-750k: 1
Number of residential units sold above 751k: 
2

Total on market
Listings: 27

Total off market
Expired & cancelled: 29
Listings sold: 16

Margin
27 (entered market) - 45 (off market) =  -18

This is a different outcome than other weeks but it's because different dynamics happen at the end of the year. A lot of listings will cancel and expire for the holiday season so inventory will dip nicely. A lot of the listing this week were due to the high number of expired and cancelled listings but a number of sellers might also just choose to stay off the market for awhile. In addition to the margin between properties hitting the market and properties leaving the market, sales were reasonable strong for a week so close to Christmas. It's been an interesting year in real estate Central Alberta. Let's see what the new year brings.

Here's to increased sales and reasonable inventory levels into and through 2018. View the monthly inventory stats at http://www.homescope.ca

For more local real estate news, info and statistics continually check in at www.HomeScope.ca.

» Click here for last weeks results 

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Hosted by Blake King Realtor® with Century 21 Advantage in Red Deer. Blake King continually monitors the Red Deer and Central Alberta real estate market to track changes and watch trends so his clients make the most informed decisions when buying or selling their home. If you want to learn more how local market stats affect your buying selling decision call or email Blake King anytime (403) 350-7672 or hello@blakeking.ca

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Blake King

Blake King

Affiliated Real Estate Agent
CENTURY 21 Advantage
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