Whats the market doing?

One of the questions we hear is Whats the market doing? As most of you know our real estate market is like any real estate market. Its always volatile. It goes up and goes down, depending on the season and economic state. Right now we are good. Lots of sales and lots of choice. Last  month in Red Deer there were 111 sales of single family homes. Thats just homes, no condos, townhouses or mobiles with an average sale price of $339,495. I was watching the news from Edmonton last night and their report had the average price in Edmonton last month at $374,000. Right now there is 319 active house listings in Red Deer, so roughly about 1 in 3 will sell. Lots of sales, lots of choice  and lower prices over the past few years. Over the past two years the range in avg sales price per month has fluctuated from $297,000 to $368,000. there are always reasons why one month might be higher, such as one month we might have 10 houses over $500k sell and the next we have none, so that will always have repercussions on the avg sale price but over time we have seen prices go up. In the past 3 years we have seen the avg sale price go from $308K to $339K with 100 sales in July 2006 to 111 sales this past July. The market is healthy, houses sell that are priced in todays market and are in show condition.

Thinking of buying a house in Red Deer? Now is the time. Prices are stable, interest rates are at a great 4.19% and choice is amazing.

Anywhere in Central Alberta is a wise choice. Always something happening, always somewhere to go in a short drive time.

Thinking of moving? Relocating to Central Alberta? Call Ken Devoe at Century 21 Advantage with any questions you may have.

Cell 403-350-1192

Email - ken.devoe@century21.ca

Ken Devoe

Ken Devoe

CENTURY 21 Advantage
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