Red Deer residential real estate activity up

Residential real estate activity in Red Deer inched up in October, according to Multiple Listing Service statistics issued by the Central Alberta Realtors Association on Thursday.

Residential real estate activity in Red Deer inched up in October, according to Multiple Listing Service statistics issued by the Central Alberta Realtors Association on Thursday.

Those figures indicate that 142 homes were sold in the city last month, up slightly from the 140 sales in September and a 12 per cent improvement over the 127 deals in October 2011.

In the region outside Red Deer that’s serviced by the association, MLS home sales in October numbered 196.

That represented a four per cent decrease from the 204 sales in September, but a 12 per cent jump from the same month a year ago, when there were 175 sales.

During the first 10 months of 2012, there have been 1,498 MLS home sales in Red Deer and 2,225 in the outlying area.

Those numbers are up 11 per cent and 16 per cent respectively over the January-to-October period of 2011, when there were 1,351 sales in the city and 1,919 outside Red Deer.

The average selling price of homes in Red Deer last month was $323,937, as compared with $307,991 in September and $300,660 in October 2011.

Outside the city, the average was $252,577, down from $281,614 in September and $260,141 for the same month in 2011.

Average prices include homes of all types and sizes, so may not provide a good indication of general market trends.

The Central Alberta Realtors Association processed 208 new residential listings in Red Deer in October, down from 224 in September but an increase from the 196 new listings last October.

Outside the city, 308 residential listings were added last month — down from 331 in September and 371 in October 2011.

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