With a median listing price of $349,900, Red Deer is Canada’s 917th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Red Deer has a median home price of $349,900.
Red Deer’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Red Deer has a huge choice compared to the rest of the province
Is Red Deer a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Want a cheaply priced house? Then at $239,900 this month, Red Deer, Alberta is a possibility for you price wise.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
According to our stats, Red Deer is the neighbourhood that has the 3rd most properties available to real estate investors in Alberta.
When we look at the data we have, it can help with trying to establish whether or not Red Deer is a good investment target.
In Red Deer, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.