Question 1

What is the median sold price in Red Deer Lake?

Accepted Answer

The median sold price in Red Deer Lake is $610,000 based on 3 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Red Deer Lake?

Accepted Answer

The average sold price in Red Deer Lake is $978,333. Note that the average ($978,333) is higher than the median ($610,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Red Deer Lake?

Accepted Answer

Home prices in Red Deer Lake range from $550,000 to $1,775,000 based on recent sales data. This $1,225,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Red Deer Lake selling above or below asking price?

Accepted Answer

On average, homes in Red Deer Lake are selling at 103.5% of their asking price. This means homes are selling above asking price, indicating strong buyer competition. Buyers should be prepared for competitive offers.

Question 5

How long do homes take to sell in Red Deer Lake?

Accepted Answer

Homes in Red Deer Lake are selling in an average of 13 days. This indicates a hot seller's market where homes sell very quickly. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Red Deer Lake?

Accepted Answer

The average price per square foot in Red Deer Lake is $552. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $1,104,000.

Question 7

What types of properties are selling in Red Deer Lake?

Accepted Answer

The most common property types selling in Red Deer Lake are: vacant lot (2 sold, avg $580,000), detached single family (1 sold, avg $1,775,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 8

How much do detached homes cost in Red Deer Lake?

Accepted Answer

Detached homes in Red Deer Lake are selling for an average of $1,775,000, with 1 sales over the past 2 years.

Question 9

Are home prices rising or falling in Red Deer Lake?

Accepted Answer

Home prices in Red Deer Lake have increased by 222.7% over the past 2 years. The average sold price moved from $550,000 to $1,775,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 10

Is Red Deer Lake a buyer's or seller's market?

Accepted Answer

Based on current data, Red Deer Lake is a seller's market. Homes are selling in 13 days on average and at 103.5% of asking price. Sellers can price confidently, while buyers should be prepared to act quickly and consider offering at or above asking price.

Question 11

What percentage of homes sell above asking price in Red Deer Lake?

Accepted Answer

In Red Deer Lake, 67% of homes sold above asking price, while 0% sold below asking. This indicates a competitive market where bidding wars are common.

Question 12

What are the average property taxes in Red Deer Lake?

Accepted Answer

The average annual property tax in Red Deer Lake is $5,216, with a median of $3,232. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 13

What size homes are selling in Red Deer Lake?

Accepted Answer

Homes selling in Red Deer Lake range from 3,218 to 3,218 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 14

How much do home prices vary in Red Deer Lake?

Accepted Answer

Red Deer Lake shows moderate price diversity with a standard deviation of $563,861 around the average price of $978,333. This wide range indicates a diverse market with options at many price points.

Question 15

How do I find out how much a house sold for in Red Deer Lake?

Accepted Answer

Simply search our Red Deer Lake sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 16

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Red Deer Lake will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 17

Do you show all MLS® sold listings for Red Deer Lake?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Red Deer Lake. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Recently Sold Homes in Red Deer Lake, Rural Foothills County

Red Deer Lake Sold Data Overview

Recently Sold in Red Deer Lake

Curious what your home is worth in Red Deer Lake?

Understanding the Red Deer Lake Market

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Red Deer Lake compare to Rural Foothills County?

More neighbourhoods in Rural Foothills County

Frequently Asked Questions

Sign up to see what homes actually sold for