How Is Central Alberta Real Estate Market Trending in 2017?
by Kevin Lapp
on Tuesday, February 7th, 2017 at 9:20am.
This past January single family homes in Red Deer had 66 sales and 198 new listings. The same month in 2016 had 71 sales with 272 new listings.
This is good news as it shows we are heading towards a more balanced market.
The average sale price in the month of January was $316,458 with 111 days on market compared to January 2016 which was $300,554 in 90 days. Although the days on market were exceeded by 21 days the average sale price was up 5.6%.
Similarly, Sylvan Lake saw 14 sales in the month of January with 54 new listings and January 2016 posting 14 sales and 62 new listings.
Both 2016 and 2017 showed 112 days on market for a sale; however, 2017 average sale price was $328,511 compared to 2016 with $309,791 – that’s a 5.8% increase in sale price.
A very similar trend is evident throughout Central Alberta with 113 Single family homes sold and 377 new listings for the month.
If you would like a copy of the stats for these or any other community please let us know and we will provide them to you.