Market OverviewThere were a total of 84 sales in Red Deer for the month of February (single family, half duplex, townhouse and condo properties) which is a slight decrease compared to 96 sales in February 2018.
This is an increase compared to last month’s sales which were at 75, so that is great to see!
Year to date sales for 2019 are at 159, compared to the YTD sales as of February 2018 which were at 181, so we have seen a 12% decrease in the total number of sales for Red Deer compared to this time last year.
We have only seen a 2% increase of inventory from last month with there currently being 587 active and conditional listings in Red Deer.
There is currently 7 months worth of inventory on the market in Red Deer.
This still tips the scales in favour of a buyers market, however our inventory is very similar to where it was this time last year, so if we can see a bit of an increase in sales as we lead into spring, this could result in a nice steady market for 2019!
The average days on market for February was 80 days, down a bit from January which was at 98 days.
Properties in Central Alberta are selling, on average, for 96% of asking price, which tells us that sellers are still listing for close to what they expect to sell for.
Lime Green Realty Has Had A Great Start To The Year!
We are currently sitting at 45 active properties for sale in Central Alberta, and have sold 15 listings this year so far, with 3 more conditional!
Lime Green Realty’s Avg DOM is at only 56 days for all of Central Alberta, compared to the Boards average of 103 days for all of Central Alberta!
Our properties are also selling on avg. for 97.2% of asking price!
This means we are selling our properties in nearly half the time as the average sale and within only 2%-3% from their original listing price!
Our level of activity gives us a positive outlook for 2019 and indicates that properties are still selling...and there are still buyer’s out there looking!
To see our latest market update, please go to this page.