Across the nation CREW lists data for 5162 neighbourhoods, and this month Red Deer County is number 696 putting it ahead of most neighbourhoods .
While the median for Alberta is $375,000 , which means that Red Deer County’s median price is $414,900 considerably better than the rest of the province.
This month we track 171th neighbourhoods in Alberta, and Red Deer County has the 171th most choice available for real estate investors.
Can we guarantee how well Red Deer County is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Red Deer County there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
It’s never an exact art, but to try to forecast how property is going to appreciate in Red Deer County for investors, it’s important to look at data like:
Over the last three months in Red Deer County, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.