The Red Deer real estate market has proved to be a busy spring market based on the May statistics.
We currently have 495 homes on the market versus the 649 homes we had this time last year. With supply decreased and demand still strong, it's a no wonder our average sale price in Red Deer has increased for single family to $366,524 from $341,223 last year.
In May, our most active price range is from $300,000-$350,000 with 48 sales. The biggest change we have seen in May is an increase in the higher end property sales with 5 sales in the $600,000-$700,000 price range.
In conclusion, our market in Red Deer is very active and we anticipate a steady increase.
If you have any questions, please dont hesitate to contact me on my cell at 403-588-6444
Century 21 Advantage Realty