What Happened in the Real Estate Market in August 2017?

What Happened in the Real Estate Market in August 2017?

This past August single family homes in Red Deer had 152 sales and 256 new listings. The same month in 2016 had 123 sales with 243 new listings. That is an increase in sales of 19%.

** The average sale price in the month of August was $332,398 with 66 average days on market compared to August 2016 which was $316,702 in an average of 59 days.

--> Similarly Sylvan Lake seen 35 sales in the month of August and 69 new listings with August 2016 posting 23 sales and 76 new listings. That is an increase in sales of 34%.

** The market in Sylvan is showing an average of 66 DOM with a sale price of $351,594.

--> A very similar trend is evident throughout Central Alberta with 414 Single family homes sold and 805 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.