Recent press release from the City of Red Deer highlights the continued growth in Red Deer. Red Deer is home to 2,111 new residents - an increase of 2.46 per cent over 2007. The increase brings Red Deer's total population to 87,816. Last year's census saw an increase of 3.22 per cent, with a 4.92 per cent increase in 2006."Growth in Red Deer is down slightly over previous years, but the census indicates ...
Posted by Patrick Galesloot
on July 23, 2008
Good. Sales were down from record 2007 sales volume, but well above 2006 numbers. Here at Century 21 Advantage, we led the way with listings sold in Red Deer. Out of the 220 properties sold in April Century 21 Advantage sold 56 which is a little over 25%. How does this compare to what the market is like or what is every one else doing? Well today we see a total of 785 properties available in the ...
Posted by Patrick Galesloot
on May 8, 2008
Today the Bank of Canada announced yet another decrease in interest rates. A significant cut from 3.5% to 3.0%. The last time the Bank of Canada dropped rates by 1% in the same short time frame (6 weeks) was back in 2001. The Bank of Canada indicates that they are doing so in response to economic indicators primarily from the US economy. From the Bank of Canada Press Release: "The Bank is now projecting ...
Posted by Patrick Galesloot
on April 22, 2008
When working with buyers the question will come up have you spoken with your bank about whether or not you are qualified for the price level you are shopping in? This can be a conversation that happens at one of our first meetings and really it should. The challenge can be the buyer may be reluctant to part with this information until they get to know us, or simply they just don't know.
The ...
Posted by Patrick Galesloot
on March 27, 2008
More of the same? Kind of, yes.December was a slow month in comparison to the other months in 2007. Sales of single family homes totaled 62 and in January we saw a modest increase up to 69 single family homes sold. Not a large numbers jump but still a 11.29% increase in sales. I wouldn't be surprised if I read a head line that indicated sales increase by 11%. That would not be an accurate reflection ...
Posted by Patrick Galesloot
on February 4, 2008
Time of year for giving and it starts at the top. The past few years have been very good for Alberta. Recent announcements and plans released indicate that 2008 will also be a great year in Central Alberta. Both provincial and federal levels of government are workin with regional levels to improve the quality of life for us all. More money is being spent on infrastructure helping ...
Posted by Patrick Galesloot
on December 23, 2007
With head lines indicating that the end is near, and that we're in a buyers market so look out for falling prices how can 2007 be the best year ever?
By the numbers it is. Volume of sales is up, the average sale price is up, and the economy is strong. This is what it looks like for 2007 in the city of Red Deer:
2006
YTD 2007
Average List Price
$252,791
$313,378
Average ...
Posted by Patrick Galesloot
on November 22, 2007
In fact it was another busy month for real estate in Red Deer. It was very similar to October 2006. There was a total of 100 Single family homes sold in October 2007 compared to 101 in 2006. The similarities continued with the average sale price. The average sale price for 2007 single family homes was $338,856 and in 2006 it was $333,138.
Our growth has slowed to a point where we've caught up to ourselves. ...
Posted by Patrick Galesloot
on November 2, 2007
The Red Deer Real Estate Board released their stats yesterday for September. A few of the highlights are:"BUYERS BENEFIT FROM BALANCED REAL ESTATE MARKET"FOR IMMEDIATE RELEASERed Deer – October 9, 2007 – Throughout Central Alberta homes continued to change hands at areasonable rate last month according to the MLS® figures released by the Red Deer & District RealEstate Board.Residential sales ...
Posted by Patrick Galesloot
on October 10, 2007
There is so much to see and do in Central Alberta in any season. Recently
I had an opportunity to take some time off with a few friends and enjoy a round
of golf. Sure there was a frost delay as there are in many areas across
Canada this time of year, but it was worth it. One of the joys of golfing
is enjoying the outdoors, and taking in the scenic views of a well cared for
course. ...
Posted by Patrick Galesloot
on October 6, 2007