June has traditionally been a busier time in or industry. Spring comes and families start wondering about a new home. Some people make the move right away others sleep on it for a few weeks and then move.These people who woke up in March decided they needed something, in April or May did something about it and are moving in June. Or could they be people who woke up June 1st and said we should buy a house today. Both types of home buyers make up the following numbers for one of the busiest months for real estate sales.
These numbers show the total number of sales in Red Deer for the period of Jue 1 - June 15
year - sales - avg sale price
2000 56 $141,152
2001 60 $141,768
2002 70 $144,317
2003 56 $157,194
2004 90 $174,631
2005 104 $183,501
2006 90 $258,663
2007 142 $316,983
2008 97 $289,361
So what does all this mean? To me we usually have about 90 sales in Re Deer for the start of June. This year we are on track for a normal year. Yes sales are down over the entire year of 2008. But 07 & 06 was the highpoint in a market that expolded. If someone said in June of 2005 that the avg sale price iin 3 years would jump to 289,361 not many people would believe them. Our market is fine, we are just about over the bubble and we should start seeing a more balanced market soon.
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