Red Deer Market Update – August 31, 2019
Posted by Jay McDouall on
With a slight warming to the weather & the economic climate, Red Deer’s sales activity totaled 115 units in August 2019, a 14.8 per cent decrease from August 2018. Total sales in the city year-to-date have reached 910, with 985 sales at this same time in 2018. The average selling price comes in at just $307,287 a 17.1 per cent decline over the last four years, that figure up slightly from last month. Many buyers are looking at Ottawa's First Time Home Buyer Incentive that launches this week. If you're able to make a purchase in today's market, you're buying instant equity for when the market turns back around. If you've found a property you'd like to get a closer look at Schedule a Viewing today or Contact Us for more information!
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