Red Deer real estate market report July 16th -22nd

Century 21 Realtor Red Deer market information

Also keep abreast of real estate market news for Red Deer and Central Ab by checking in at www.HomeScope.ca - Red Deer's real estate news 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 news 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 on national or international real estate information. Take non-local information with a grain of salt, it may have 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 July 16th - 22nd

Number of single-family detached homes sold: 26
Number of single-family detached homes listed: 
49
The average price of single-family detached homes sold: $358,843

» Click here for last weeks results 

Number of other properties (condo, apart, duplex, town-home) sold: 10
Number of other properties (condo, apart, duplex, town-home) listed: 17
Number of condominiums sold: 7
Number of condominiums listed: 11
The average price of condominiums sold: $156,857

Number of residential units sold between 0-200k: 7
Number of residential units sold between 201-300k: 8
Number of residential units sold between 301-400k: 13
Number of residential units sold between 401-500k: 7
Number of residential units sold between 501-750k: 
1
Number of residential units sold above 751k: 0

Total entered market
Listings: 68

Total off market
Expired & cancelled: 39
Listings sold: 36

Margin
68 (entered market) - 75 (off market) =  7

Not a bad week last week, with more homes leaving the market than entering the market. The reason this is a good thing is we are fighting a high inventory market in Red Deer and Central Alberta again this year. We'll see a more balanced market if the inventory get's a little lower. 

It's still a buyer favoured market in Central Ab and that indicate it's a great time to buy. Most buyers will wait to see if prices drop BUT ALL STATS INDICATE THEY WON'TKeep your eye on my "average price charting" news for Central Alberta >HERE<

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 

You have to see all the pictures of this beautiful walkout bungalow for sale in Lancaster Green, Red Deer, Ab (below, click here or on the picture).

Very impressive walkout bungalow for sale in Red Deer

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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