Alberta's Economic Boom to Continue Through 2013: RBC Economics
TORONTO, March 20, 2012 /CNW/ - Alberta's economy launched into a remarkable expansion phase last year, with real GDP reaching an estimated 4.2 per cent, flashing unmistakable signs that the provincial economy is booming once again, according to the latest RBC Economics Provincial Outlook report released today. Going forward, ...
Posted by Wes Giesbrecht
on March 27, 2013
January finished off with a slight increase in overall sales (seven) from last year's January. Average sale price ended up at $317k and change w/ 99 sales of all sorts to make up that number. That from the 85 sales in January of 2012 and an average sale price of a few dollars over $300k.
A great start all in all to Red Deers predicted increase of approximately 2-2.5% according to leading economist ...
Posted by Wes Giesbrecht
on February 4, 2013
The month of October was a dramatic change in weather from the above seasonal weather that was just plain fantastic in September. Of course October also includes Thanksgiving and Halloween. Did any of these events impact Red Deer real estate?
A look at the MLS® numbers in Red Deer reveals the following:
Historic Count of Sales by Month
Sales, Number of
Month2009201020112012
Jan
62
85
91
85
Feb
113
115
103
135
Mar
123
120
150
155
Apr
178
156
126
200
May
198
151
178
198
Jun
213
132
170
188
Jul
179
126
150
158
Aug
163
94
139
130
Sep
122
121
118
138
Oct
151
76
127
138
...
Posted by Patrick Galesloot
on November 15, 2012
Hello all!
Anyone wondering how things are sitting with regard to average selling price of a single family home in Red Deer from last year to this year? Well wonder no further! Average sale price YTD this year has reached $355,681.00. 2011 Average within the same time frame parameters is $334,601.00.
So.....almost a 10% price increase overall, coupled with an almost 10% increase in sales....Housing ...
Posted by Wes Giesbrecht
on October 25, 2012
The Red Deer Real Estate market has been quite dynamic this year. Not just dynamic but positive.
Red Deer Real Estate Market Update October 2012 from Patrick Galesloot
Highlights form the slide show above are:
The decrease in New Listings coming ion the market. While there are no shortage of listings the number of new listings coming on has decreased from the previous year by ...
Posted by Patrick Galesloot
on October 9, 2012
Weather and Back to School, and the prospect of no NHL hockey seemed to dominate conversations. Well after real estate any way. ;-)
No doubt September was very warm and dry with plenty of sun shine in Central Alberta. Maybe this influenced the robust real estate market sending sales well above 2011 numbers.
Sales, Number of
Month201020112012
Jan
85
91
85
Feb
115
103
135
Mar
120
150
155
Apr
156
126
200
May
151
178
198
Jun
132
170
188
Jul
126
150
158
Aug
94
139
130
Sep
121
118
138
Oct
76
127
Nov
112
129
Dec
98
82
...
Posted by Patrick Galesloot
on October 1, 2012
Sales in July 2012 for Red Deer residential MLS® continue to out pace 2011, but cooled compared to June. The Sales difference between July and June is not uncommon and nothing to be alarmed about. Typically the busiest months for sales reported are May and June as many families plan their relocation and moving before school starts and during holiday months.
A look at some historical ...
Posted by Patrick Galesloot
on August 7, 2012
Sales are up! Is that the only reason why you should be buying a home now?
Reasons why you should buy Red Deer real estate now.
Sales are UP. You're not buying in a declining market but while the market is growing. This is good for your investment and sets you on the right track to equity growth (a.k.a Wealth).
Listing Inventory is Down. While a lot of real estate listings ...
Posted by Patrick Galesloot
on July 13, 2012
Aside from technical questions and reassurance type of contract questions I get from agents, the most common question I get is "How's the market?".
It's great, but it's always great when you ask a real estate agent right?
Here are the numbers and I'll let you make that judgement call. At the end of the day what is important is your finances, your home, your decision and situation ...
Posted by Patrick Galesloot
on May 31, 2012
2012 real estate activity has been more robust. Each week we've been looking at the numbers and making sure our team is up to speed with the dynamics that are happening out there for our clients. This is what we're seeing:
Weekly listing inventory is remaining quite consistent as is the sales volume. SO what we haven't seen is a large accumulation of listings. It has been more balanced ...
Posted by Patrick Galesloot
on May 29, 2012