Yesterday AREA (the Alberta Real Estate Association) installed the board of directors for 2009. I'm pleased to announce that Janice Resch is one of them. Janice Resch is part owner of Century 21 Advantage, a company that has deep family roots for her. Janice has been active with the Red Deer Real Estate Board now called CARA (Central Alberta Realtors Association) for years and served ...
Posted by Patrick Galesloot
on January 29, 2009
I’ll tell you, it’s a good thing. A rate drop means that borrowing money to buy a house or that line of credit is cheaper. Those home equity lines of credit with variable rates are looking pretty darn good these days. Now this budget delivered today would have us getting credits and reductions. Putting more money into our pockets to buy the things we need. This combined with some of ...
Posted by Patrick Galesloot
on January 27, 2009
CENTURY 21 Canada has released a new enhancement to its real estate website that allows visitors to view full-screen photos of listed homes. The feature, called Showcase21, provides fast and easy access to large, clear photos of properties.
Property listings with 21 photos are identified with a "21 Photos" starburst, and when available in high resolution format, the Showcase21 logo will be displayed ...
Posted by Patrick Galesloot
on January 25, 2009
My earlier blog post I asked you 4 questions and to email me your thoughts. http://www.century21.ca/patrick.galesloot/Blog/2008_Red_Deer_Real_Estate_Market
Where do you see house prices going long term?
How long do you plane to live in that house?
Should you wait?
Can you afford to wait to buy based on past price trends?
In follow up I received comments that got me thinking some more about ...
Posted by Patrick Galesloot
on January 24, 2009
Happy New Year!
2008 was quite a journey in real estate which I will reflect upon on another post. Right now we'll look at the last few weeks of real estate activity in the Red Deer Market.
Typically December slows down each year as home owners and real estate agents wind down and make plans for time with family and friends. A number of home owners dread the idea of having to be show ...
Posted by Patrick Galesloot
on January 3, 2009
Weekly Stats # Listings # Sales # Price Changes Nov. 17-Nov. 23 44 26 60 Listings declined a little bit this past week, which is not a bad thing. We still have plenty of listings to choose from and from a selling standpoint it helps to get the ...
Posted by Patrick Galesloot
on November 24, 2008
Weekly Stats # Listings # SalesOct. 06-Oct. 12 82 37Oct. 13-Oct. 19 83 24Oct. 20-Oct. 26 58 23Oct. 27-Nov. 02 62 18Nov.03-Nov.9 68 22Nov.10-Nov.16 51 23
It looks like we're at a stable rate if the last few weeks are the indicators. The number of sales each week has been stable for the past 5 weeks. Looking at number of active listings and the sales rate ...
Posted by Patrick Galesloot
on November 20, 2008
Weekly look at the numbers here in Red Deer, and this week is different than last week. Ok maybe not that different but there are some differences. The changes are in the reported sales numbers. The last two weeks saw an increase in new listings with 82 and 83 properties listed, up from the weekly trend of 64. Sales dropped sharply from the previous week (37 to 24).
...
Posted by Patrick Galesloot
on October 20, 2008
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