April Continues to improve upon February and March numbers.
The warm spring weather combined with low interest rates are certainly bring out the buyers. Reports from our associates hosting open houses is that the open houses are busy. All that extra traffic has turned into sales for sellers. The number of sales so far for the month of April is at 162 sales in Red Deer, compared to 123 last month. The average sale price seems to be climbing as well as more people are trading up form their starter homes to the bigger second home. Sales price in March was all listings was an average of $285,407 while in April so far it is up to $293,756.
As we can see below the pending sales are quite strong. The pending sales are an indicator fo deals written, and the trend is rising.
Positive signs for all selling homes to today and also for buyers know that their investment is secure not just for the long term but short term as well.
I think we are just about out of the weeds as far as snowing weather is concerned. Look for more positive growth as we plunge into May.
Your Friend in Real Estate,