Red Deer home sales ahead of 2012 pace
Home sales in Red Deer continue to track ahead of last year’s pace, with the gap widening in August.
The Central Alberta Realtors Association reported that 165 residential sales in Red Deer were processed through the Multiple Listing Service last month, up 28 per cent from 129 in the same month of 2012. This boosted the city’s count for 2013 to 1,310, which is an eight per cent improvement over the 1,216 deals during the same eight-month period last year.
This June and July, MLS sales in Red Deer numbered 185 and 168 respectively.
Elsewhere in the area covered by the association, there were 242 MLS sales during August. That marked a two per cent decline from the 247 for the same period of 2012.
Year-to-date residential sales in the region around Red Deer were 1,782 as of Aug. 31, down two per cent from 1,825 to the same point last year.
MLS sales for the same area in June 2013 were 268, and in July 2013 were 284.
The average resale price in Red Deer last month was $322,656, as compared with $336,430 in July and $336,585 in August 2012.
For the surrounding region, the August average was $281,570. That was up from $275,998 in July and $275,317 in August 2012.
Average prices include homes of various types and from different locations. As a result, they can vary from month to month and not be indicative of market trends.
New residential listings in Red Deer numbered 247 last month, as compared with 290 in July and 150 in August 2012. For the outlying area, there were 406 new listings in August, down from 447 in July and 447 last August.