Red Deer housing market sales down 6%

The Red Deer housing market remains flat, says a realtor.

Alex Wilkinson compared the number of sales in April 2018 to April 2019. The difference is a six per cent drop this year, with 146 home sales in 2018 and 137 in 2019.

He said the month-to-month comparison doesn’t show a trend, but if the downward spike continues, it may be cause for concern.

“We’re not in the great market here in central Alberta – we’re still feeling the effects of the economy,” he said.

But so far in 2019, the realtor has been busy compared to last year. In the past few weeks, particularly, Wilkinson has been getting more sales calls.

“May be it’s the nice weather. I’m not sure. There are more listings coming on, but it’s a spring market. It’s a very normal trend that it gets busier here in spring than it is the rest of the year,” he explained.

The average housing price in Red Deer remained unchanged in the month-to-month comparison, at about $311,589 in 2019 and $312,241 in 2018. The realtor refers to it as a flat trend.

The average days a property spent on the market in the city was 67 in April of this year, compared to 61 the same time last year.

Gong forward in 2019, the realtor is optimistic.

“I might be busier, and other realtors might not be as busy, but I personally feel it’s gotten busier this year than it was last year.”

He points to the recent provincial election, which has instilled hope and positivity in many people’s minds.

He agrees the last couple of years have been tough for the housing market due to the economy.

He said 2019 will be a “flat year” without any major ups or downs, unless something significant happens to the economy.

For those trying to sell their homes, he advises pricing the properties accordingly.

Like us on Facebook and follow us on Twitter

Just Posted

Some central Alberta businesses pledge to pay youth $15 ahead of wage cut that kicks in Wednesday

Jo(e) Social Media Inc. and Kavaccino’s pledge to pay youth more than $13 an hour

Astronaut David Saint-Jacques returns to Earth, sets Canadian space record

LONGUEUIL, Que. — David Saint-Jacques returned to Earth on Monday after more… Continue reading

Red Deer property taxes are due Friday

City warns late fees will be applied after June 28

Cambodia charges 7, including Chinese, in building collapse

SIHANOUKVILLE, Cambodia — A court in Cambodia said Tuesday that seven people,… Continue reading

WATCH: Hundreds run in the 5K Foam Fest in Red Deer

The annual event took place at Heritage Ranch on Saturday

Skinny Vancouver Whitecaps eager to pick up points on four-game road swing

VANCOUVER — The Vancouver Whitecaps know there’s work to be done as… Continue reading

World Cup exit shows Canada will miss the remarkable Christine Sinclair

PARIS — Christine Sinclair has put Canadian soccer on her shoulders for… Continue reading

Police release more than 1,000 files from Smollett probe

Chicago police on Monday released more than 1,000 files from the investigation… Continue reading

Tributes to Michael Jackson flow on 10th death anniversary

LOS ANGELES — Michael Jackson’s estate paid tribute to his artistry and… Continue reading

Alberta government, Opposition swap accusations, attacks in earplug debate

EDMONTON — Alberta’s earplug debate got louder Monday as the Opposition NDP… Continue reading

‘Clients fall off:’ Calgary program helps recently released prisoners with hep C

CALGARY — Imagine adjusting to life after serving prison time, then add… Continue reading

Opera star Measha Brueggergosman recovering from double bypass surgery

CALGARY — Canadian opera star Measha Brueggergosman is recovering from heart surgery,… Continue reading

Who you gonna call? Alberta rattlesnake wrangler keeps serpents, citizens safe

LETHBRIDGE — One rattlesnake got caught in freshly laid tar under someone’s… Continue reading

Most Read