Numbers for the local real estate market here in Red Deer, were recently released. Despite a global economic freak-out on a local level real estate remains stable over all. The weekly sales volume reacting to media, but overall we're experiencing a consistent trend.
Compared to a year ago September sales have been good, but 2008 has more spikes. Possible media connection with the ...
Posted by Patrick Galesloot
on October 10, 2008
Changing market over the past 7 weeks, and the change is not over. With the financial markets in turmoil from the US credit crisis, an election called here in Canada, there is a lot of dynamics going on. For a detailed look at the market click here.
This week marks one of the lowest inventory levels we have seen in a while with total properties for sale in Red Deer now totalling 597. ...
Posted by Patrick Galesloot
on September 22, 2008
Looking for a small town loaded with potential? Penhold may just have what you are looking for.
Penhold although small in stature is the only "bedroom" or "commuting city" with in 15 - 20 minutes of Red Deer that has experienced an increase in MLS sales volume. The average sale price for real estate in Penhold has also experienced growth over 2007, not matched by Blackfalds or Sylvan ...
Posted by Patrick Galesloot
on September 21, 2008
How is the Real Estate Market in Red Deer Alberta? Well as you can see it is still quite healthy. There are many listings on the market creating conditions for a buyers market. The average sale price in August for single family homes (houses) was quite strong. The average house sale price in August 2008 being $346,40, which is 99% of 2007's average house sale price of $351,467. August and July ...
Posted by Patrick Galesloot
on September 16, 2008
CENTURY 21 CANADA is raising funds during a year long, nation wide fundraising campaign found at www.century21kidstocamp.ca.
CENTURY 21 agents from across Canada are committing to raising at least $2100 for active living programs and services offered by Easter Seals provincial members including our highly touted Easter Seals summer camps. Their support is incredible and to support a CENTURY 21 realtor ...
Posted by Patrick Galesloot
on September 11, 2008
Back to school may be the most wonderful time of the year for those of us with kids. The question is will it be the same for the real estate market?
August turned out to be a mixed bag yet again. The single family home sales were strong if you were priced right and not in a higher price point. Town houses and duplexes are settling out into a good groove. Apartment condos on the other hand not ...
Posted by Patrick Galesloot
on September 5, 2008
Alberta budget surplus announcement good news for all. Tuesday the Alberta government released latest budget information for the province. Finance and Enterprise Minister Iris Evans released the province's First Quarter Update, showing a forecast surplus of $8.5 billion for 2008-09, $7 billion higher than predicted in Budget 2008. Higher-than-budgeted resource revenues will enable government to increase ...
Posted by Patrick Galesloot
on August 27, 2008
Joffre is located 23 km northeast of Red Deer, Alberta. For most residents of the area, the petrochemical site and the bridge over the river are more synonymous to Joffre than the actual village. A few name changes over the years with the exception of the large NOVA Chemicals.
NOVA Chemicals' Joffre manufacturing facility lies just east of Red Deer, Alberta, and is the largest ethylene ...
Posted by Patrick Galesloot
on August 17, 2008
Great weather continues to favour Red Deer and Central Alberta. The rush to find homes prior to the school year starting is continuing.
The trend continues in August the number of active listings are on the decline in the City of Red Deer. Still a large selection to choose from. We would expect the number of active listings and the sales to slowly decline as we continue ...
Posted by Patrick Galesloot
on August 11, 2008
July housing sales increased over last year by 22%. A dramatic change in the sales pattern for 2008 so far. Not enough to pull a reversal on what has transpired so far but an optimistic outlook for the fall perhaps. Total single-family home MLS sales for the month of July 2008 totaled 139. That was 22% more than the 114 sales reported in 2007 for single-family homes. House prices have remained ...
Posted by Patrick Galesloot
on August 6, 2008