May 2008, Statistic Analysis

May 2008, Statistic Analysis

The RDDREB (Red Deer Real Estate Board) has released the stats for May. The total listings processed by Red Deer Real Estate Board in May 2008 has increased by 8,40% in comparance with May 2007. Decrease in city residential listings processed by the Board. There were 387 city residential listings processed ( 403 - April 2007). Total Sales by Red Deer Real Estate Board (all property types) were decreased in comparance with May 2007 from 728 to 548 (24.73%). Decrease in total sales (all property types) from January 1 - May 31/07 to January 1-May31/2008 23.87%.

Red Deer

Average Selling price

May April March February January

Apartment units $207,120 $211,293 $221,928 $206,100 $189,983

Half Duplex $268,962 $260,972 $277,960 $248.088 $264,830

Mobile $74,833 $66,260 $184,000 $68,500 $96.333

S. F. House $353,247 $339,156 $361,465 $368.172 $342,746

Townhouse $230,684 $227,493 $234,033 $221,884 $256,491

Rural Residential

Average Selling price

May April March February January January 2007

Apartment units $181,957 $158,000 $188,333 $200,500 $177,450 $152,500

Half Duplex $249,937 $252,293 $258,060 $205,714 $268,700 $221,619

Mobile $94,579 $88,342 $83,947 $93,028 $73,554 $80,835

S. F. House $290,806 $302,109 $300,003 $282,734 $289,631 $255,619

Townhouse $214,050 $226,350 $234,083 $233,988 $205,771 $213,988

Acreage $455,146 $421,906 $520,407 $494,150 $404,729 $514,526

Note: All stats are from the Red Deer Real Estate Board