The Red Deer Real Estate Market


Well 2012 is 1/2 over. With the Canada Day celebrations over with we can now look at the halfway point of what has sold in Red Deer.

If you have asked me all year the answer here will be the same -

sales up listings down.

2012 sales for the first six months were at 961

2012 listings for the first six months were at 1587

Based on past years this is how the sales compared

2012 – 961 (listings – 1587)

2011 – 818 (listings – 1629)

2010 – 759 (listings – 1889)

2009 – 887 (listings – 1762)

2008 – 1083 (listings – 2164)

2007 – 1335 (listings – 1780)

2006 – 1013 (listings – 1107)

2005 – 913  (listings - 1134)

As you can see the number of listings have dropped from the peak years of 2007 & 2008 while sales are gradually climbing back up from those peak years.

Great numbers that show a more balanced market. A market that rebounded slowly. A market that did not see the rollercoaster effect that some major markets in Western Canada saw.

My little crystal ball is saying we are ok. It is telling me that the Red Deer market will continue to grow small amounts. (psst I have no crystal ball)

If you are thinking of buying or selling it may be a great time. Give me a call and I will give you my opinion on what and where you should be. Every family is different and sometimes home ownership is easier than you thought.

Thanks for reading

Ken Devoe – Century 21 Advantage

Follow me on Twitter @kendevoe

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Ken Devoe

Ken Devoe

CENTURY 21 Advantage
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