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2014 The Year to Buy Real Estate in Red Deer?

Have you heard the news? Housing Market Falters Amid Rising Prices Canada’s hot housing market shows signs of slowing Canada's Real Estate Market Is 'Fraying': Report Do you really believe "National" headlines?  Real Estate is local, and in Red Deer the market is.... Coming off the strongest June in the last five years... Sales, Number of Month200920102011201220132014 Jun 213 132 170 188 183 217 Just ...

Are You Waiting To Buy?

If you're buried under snow, and the thought of going out looking at homes in -34C weather does not get you excited, perhaps you should change your plan of waiting to "buy now". it doesn't look like prices are going down do they? Primary YearSale Price, Median 2003 $152,950 2004 $162,000 2005 $177,000 2006 $245,000 2007 $299,000 2008 $296,000 2009 $285,000 2010 $290,000 2011 $280,000 2012 $298,000 2013 $313,250 ...

Should I Wait Until Spring to Sell?

Historically sales decline the closer we get to Christmas.  Often that decline in sales volume starts after the peak in Spring activity.  However, the real estate market in Red Deer is showing a bit of a different trend this year with respect to MLS® sales activity. Halfway though November and it appears we are on the same pace as previous Novembers.  Possible a bit higher volume, ...

2013 Housing Market, Holding Steady or Heating Up?

After reaching a peak in 2007/2008 Red Deer real estate endured a downturn in volume, decreased sale prices, and an abundance of listings to choose from. Today the market has increased optimisim, increased sale prices, increased sales volume, and more limited selection or very limited selection depending on what price range you are shopping in.  A varied combination of balance, seller's market, ...

Thursday, Ask The Broker, "How's the Market"

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 ...

A Weekly Look At The Red Deer Spring MLS® Market

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 ...

Friday Market Watch

Number of Active Residential MLS® Listings in Red Deer? 402 compared to 570 same time last year. Red Deer residential MLS® Sales for March 2012 so far compared to March 2011? 84 March to date versus 76 in March 2011.  Year to date sales volume numbers are 15% higher than last year Searching for a home then make sure you try us out at: http://www.century21.ca/advantage/Search/advantage

Absorption Rates In Central Alberta

What are absorption rates and why would you want to know about them? Quite simply the absorption rate is a number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates people the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than ...

Red Deer Real Estate Update September 2011

End of September heralds in the fall market, and the closing of the third quarter for MLS® statistics.  Here in Red Deer residential sales have been positive for year over year growth and the supply side, namely listings, has decreased year over year.  When we started 2011 our expectations were for modest growth and a trend to a balanced market.  With the economic conditions in Alberta ...

Red Deer Real Estate vs. Sylvan Lake

One of the most common questions we get asked is "how's the market?". That question always should be answered with a "it depends", because it truly does depend ion what market you're referring to.  Red Deer is the largest Central Alberta Community but is surrounded by several other communities withing 30 km, such as Sylvan Lake. Sylvan Lake is a great community and has a different market ...
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