The average selling price for single family homes in Red Deer is $341,098, an improvement on the average three months ago in June, which was $336,170. While the median asking price for Alberta is $375,000, which means that Red Deer’s pricing is considerably better than the rest of the province if you're looking to buy. If you’re looking at investment properties in Red Deer, then you’re likely to find mostly higher priced homes on sale. If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Red Deer has a wide array compared to the rest of the province.
It’s always hard to tell what property prices will do over the coming months, but over the last three months, new properties available for purchase in Red Deer have dried up which would tend to indicate that there is a low supply of fresh or new to market listings. The extended listing periods, repeat listings & excessive days on market will cause frustration with those hoping to sell before the winter. It seems we may be ending the real estate season in a Buyer's Market.
Information Based on Red Deer Real Estate Board MLS® Stats 2013-2017
Posted by Jay McDouall on
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