Top Highlights of the Central Alberta Real Estate Market in February 2017
--> This past February single family homes in Red Deer had 85 sales and 205 new listings. The same month in 2016 had 98 sales with 239 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 February was $355,488 with 69 days on market compared to February 2016 which was $335,872 in 79 days. Not only has the average sale price increased homes sold an average of 10 days faster.
--> Similarly Sylvan Lake seen 16 sales in the month of February with 49 new listings and February 2016 posting 14 sales and 62 new listings.
*** Both 2016 and 2017 showed 95 days on market for a sale, however, 2017 average sale price was $345,400 compared to 2016 with $319,791 – that’s an 8% increase in sale price.
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.