Central Alberta Real Estate Trends
At Walz Real Estate we are grateful to our clients. Building solid relationships is very important to us in understanding customer needs. We are honoured to be top realtors in Central Alberta and Red Deer, Alberta. Our goal is to provide service that is honest, transparent, accountable, and with the highest level of customer service. We will make the buying and selling process simple and enjoyable.
Importance of Market Knowledge
Looking to buy or sell a home in Red Deer or Central Alberta? Making the decision to buy, sell or invest in property is a major decision, and it is extremely important that you do everything you can to achieve the best result possible. Rooted in Red Deer and Central Alberta, we know the housing, acreage, and commercial Real Estate markets. It is important to know your local market trends to ensure you receive the best possible experience in the buying and selling process. City of Red Deer Real Estate Trends Fall 2021- Alberta Real Estate Association
September sales remained a relatively strong contribution to the year-to-date total of 1,513. While sales are still below record high levels, activity in the city remains the best seen since 2014.
The 160 sales this month were met with 241 new listings, causing the sales to new listings ratio to trend up relative to the previous month. This prevented any significant monthly change in inventory levels and the months of supply remained at four months.
As the market has shifted from conditions that have generally favoured the seller to one that is more balanced, we can expect to see less pressure on prices. While there is some fluctuation between months, trended prices show some signs of stabilization following strong gains earlier in the year.
On a year-to-date basis, the average price has improved by nearly nine per cent. Some of this gain is likely related to some shifts in distribution as there has been more activity occurring in higher price ranges this year.
Central Alberta Real Estate Trends June 2021- Central Alberta Real Estate Association
The average sales price in Central Alberta has increased from $308,673 (2020) to $344,663 (2021).
The average number of days a house is on the market has decreased from 103 (2020) to 75 (2021).
Walz Real Estate We are passionate about our clients and our community. Buying or selling a new property is a big deal. We have been a part of the Red Deer and Central Alberta community all our lives. Our vast experience in the industry and our desire to wow our clients is a great combination. Lean on our experience to get the deal done smoothly; if you are considering a move to Red Deer or Central Alberta, contact us today at 403-505-0039. Check out all of our beautiful featured listings at www.walzrealestategroup.ca Follow us on Facebook, Instagram, and Twitter to stay connected for current and up-to-date industry information and trends.